Pay and Specialty - ATN B4U Music (formerly ATN-Music Network One (Hindi Music))

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
535420301 ATN B4U Music (formerly ATN-Music Network One (Hindi Music)) Asian Television Network International Limited Chandrasekar, Shan Pay-TV (category B service) 2012

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 60,776 64,305 5.81 -100.00
DTH revenue 112,873 119,424 5.80 -100.00
Local advertising revenue 19,000 7,422 -60.94 -100.00
National advertising revenue 10,231 3,997 -60.93 -100.00
Other revenue 0 0
Total Revenue 202,880 195,148 -3.81 -100.00

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 134,856 136,128 0.94 -100.00
Technical 44,782 40,385 -9.82 -100.00
Sales and Promotion 22,908 193 -99.16 -100.00
Administration and General 55,884 30,188 -45.98 -100.00
Total Expenses 258,430 206,894 -19.94 -100.00

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -55,550 -11,746
Depreciation 1,604 24 -98.50 -100.00
P.B.I.T. -57,154 -11,770
Interest Expense -106 87 -182.08 -100.00
Adjustments - Gain (Loss) -16 208 >999± -100.00
Pre-tax Profit -57,064 -11,649

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 0 0
Script & concept 0 0
Filler Programming + Program Production 86,858 84,250 -3.00 -100.00
Investment in Programming 0 0
Total Canadian Programming 86,858 84,250 -3.00 -100.00
Canadian Programming/Revenue (%) 42.81 43.17

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 90,678 56,075 -38.16 -100.00
Average Staff Count 3 1.5 -50.00 -100.00
Avg Remuneration ($) 30,226 37,383 23.68 -100.00

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 10,788 4,998 -53.67 -100.00

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -27.4 -6.0
P.B.I.T. Margin -28.2 -6.0
Pre-tax Margin -28.1 -6.0

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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