Pay and Specialty - AASTHA (South Asian Devotional Music & Discourse Channel)

Individual Pay, Pay-per-view, Video-on-demand and Specialty Services - Financial Summary 2011-2015

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535420369 AASTHA (South Asian Devotional Music & Discourse Channel) Asian Television Network International Limited Chandrasekar, Shan Pay-TV (category B service) 2014

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 34,869 37,869 8.60 115,559 205.15 96,974 -16.08   -100.00  
DTH revenue 64,757 70,329 8.60 0 -100.00 0        
Local advertising revenue 3,446 8,728 153.28 16,008 83.41 13,433 -16.09   -100.00  
National advertising revenue 1,855 4,700 153.37 0 -100.00 0        
Other revenue 0 0   0   0        
Total Revenue 104,927 121,626 15.91 131,567 8.17 110,407 -16.08   -100.00  

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 83,024 82,718 -0.37 90,845 9.82 62,519 -31.18   -100.00  
Technical 42,366 44,831 5.82 38,908 -13.21 27,904 -28.28   -100.00  
Sales and Promotion 17,968 23,075 28.42 4,749 -79.42 1,424 -70.01   -100.00  
Administration and General 49,026 25,437 -48.12 3,376 -86.73 1,938 -42.59   -100.00  
Total Expenses 192,384 176,061 -8.48 137,878 -21.69 93,785 -31.98   -100.00  

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -87,457 -54,435   -6,311   16,622        
Depreciation 920 1,407 52.93 14,087 901.21 2,286 -83.77   -100.00  
P.B.I.T. -88,377 -55,842   -20,398   14,336        
Interest Expense -61 51 -183.61 1,782 >999± 1,403 -21.27   -100.00  
Adjustments - Gain (Loss) -16 250 >999± 0 -100.00 0        
Pre-tax Profit -88,332 -55,643   -22,180   12,933        

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 0 0   0   0        
Script & concept 0 0   0   0        
Filler Programming + Program Production 55,487 52,167 -5.98 25,061 -51.96 7,315 -70.81   -100.00  
Investment in Programming 0 0   0   0        
Total Canadian Programming 55,487 52,167 -5.98 25,061 -51.96 7,315 -70.81   -100.00  
Canadian Programming/Revenue (%) 52.88 42.89   19.05   6.63        

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 81,508 53,696 -34.12 20,261 -62.27 0 -100.00      
Average Staff Count 3 1.19 -60.33 0.43 -63.87 0 -100.00      
Avg Remuneration ($) 27,169 45,123 66.08 47,119 4.42          

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 4,881 4,466 -8.50 4,313 -3.43 3,525 -18.27   -100.00  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -83.4 -44.8   -4.8   15.1        
P.B.I.T. Margin -84.2 -45.9   -15.5   13.0        
Pre-tax Margin -84.2 -45.7   -16.9   11.7        

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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