World Fishing Network (WFN-TV)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535420393 World Fishing Network (WFN-TV) World Fishing Network ULC Insight Sports Ltd. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 1,910,864 1,802,168 -5.69 1,943,368 7.84 1,993,441 2.58 2,293,249 15.04 4.7

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 161,925 126,103 -22.12 734,855 482.74 571,371 -22.25 744,636 30.32 46.4
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 38,529 31,158 -19.13 150,731 383.76 302,140 100.45 449,080 48.63 84.8
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 61,980 62,547 0.91 91,490 46.27 88,467 -3.30 0 -100.00 -100.0
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 100,509 93,705 -6.77 242,221 158.49 390,607 61.26 449,080 14.97 45.4
Canadian Programming/Revenue (%) 5.26 5.20 12.46 19.59 19.58

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration
Total Staff Count
Avg Remuneration

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin
P.B.I.T. Margin
Pre-tax Margin
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