On-Demand Services - Total

Discretionary and On-Demand Services - Financial Summaries - 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 26 23 - 24 - 24 - 22 - -
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 317,082,139 306,600,383 -3.31 315,850,256 3.02 302,970,556 -4.08 273,877,103 -9.60 -3.6
DTH subscriber revenue 55,307,250 43,783,177 -20.84 43,267,052 -1.18 40,363,540 -6.71 40,244,172 -0.30 -7.6
Local advertising revenue 252,579 115,250 -54.37 74,714 -35.17 67,262 -9.97 39,588 -41.14 -37.1
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 7,017,493 3,685,442 -47.48 6,632,661 79.97 6,114,710 -7.81 4,257,706 -30.37 -11.7
Total Revenue 379,659,461 354,184,252 -6.71 365,824,683 3.29 349,516,068 -4.46 318,418,569 -8.90 -4.3
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 264,699,694 259,291,431 -2.04 274,356,543 5.81 284,831,799 3.82 240,926,821 -15.41 -2.3
Technical 24,662,738 21,567,695 -12.55 24,228,377 12.34 21,806,070 -10.00 19,165,425 -12.11 -6.1
Sales and Promotion 8,646,257 7,895,996 -8.68 8,328,508 5.48 6,544,742 -21.42 6,928,572 5.86 -5.4
Administration and General 39,662,767 40,254,563 1.49 40,822,860 1.41 40,014,621 -1.98 38,519,458 -3.74 -0.7
Total Expenses 337,671,456 329,009,685 -2.57 347,736,288 5.69 353,197,232 1.57 305,540,276 -13.49 -2.5
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 41,988,005 25,174,567 - 18,088,395 - -3,681,164 - 12,878,293 - -
Depreciation 50,227,112 23,493,747 -53.22 28,185,508 19.97 28,595,627 1.46 29,974,297 4.82 -12.1
P.B.I.T. -8,239,107 1,680,820 - -10,097,113 - -32,276,791 - -17,096,004 - -
Interest Expense 707,338 0 - 12,899 - 13,428 - 13,613 - -
Adjustments - Gain (Loss) 528,836 13,234 - 20,566 - 0 - 0 - -
Pre-tax Profit -8,417,609 1,694,054 - -10,089,446 - -32,290,219 - -17,109,617 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 14,185,433 15,062,687 6.18 22,939,000 52.29 36,542,707 59.30 24,338,884 -33.40 14.5
Script & concept 54,037 0 n/a 0 n/a 15,543 n/a 0 n/a n/a
Filler Programming + Program Production 1,355,343 1,167,390 -13.87 1,444,842 23.77 1,016,718 -29.63 1,372,209 34.96 0.3
Investment in Programming 685,538 1,087,379 58.62 506,382 -53.43 0 n/a 0 n/a n/a
Total Canadian Programming 16,280,351 17,317,456 6.37 24,890,224 43.73 37,574,968 50.96 25,711,093 -31.57 12.1
Canadian Programming/Revenue (%) 4.29 4.89 - 6.80 - 10.75 - 8.07 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 19,634,547 23,716,805 20.79 23,414,171 -1.28 24,264,812 3.63 26,141,750 7.74 7.4
Total Staff Count 185 220 18.70 213 -2.94 228 6.82 233 2.35 -
Avg Remuneration ($) 106,075 107,946 1.76 109,797 1.71 106,518 -2.99 112,124 5.26 1.4
Avg Remuneration excl. Benefits ($)* n/a n/a n/a 96,295 n/a 93,283 -3.13 107,037 14.74 n/a
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 11.1 7.1 - 4.9 - -1.1 - 4.0 - -
P.B.I.T. Margin -2.2 0.5 - -2.8 - -9.2 - -5.4 - -
Pre-tax Margin -2.2 0.5 - -2.8 - -9.2 - -5.4 - -

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Antenna Television

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

Var = Variation

*Fringe benefits data was not collected prior to the 2014 Broadcast Year.

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