Pay-Per-View 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 9 8 - 8 - 8 - 7 - -
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 54,450,859 52,183,481 -4.16 51,404,443 -1.49 48,664,497 -5.33 43,331,397 -10.96 -5.6
DTH subscriber revenue 55,307,250 43,783,177 -20.84 43,267,052 -1.18 40,363,540 -6.71 40,244,172 -0.30 -7.6
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 5,980,517 3,685,442 -38.38 6,654,773 80.57 6,121,037 -8.02 4,261,571 -30.38 -8.1
Total Revenue 115,738,626 99,652,100 -13.90 101,326,268 1.68 95,149,074 -6.10 87,837,140 -7.68 -6.7
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 83,959,944 71,118,106 -15.30 73,842,420 3.83 92,174,868 24.83 66,223,502 -28.15 -5.8
Technical 7,409,921 5,060,479 -31.71 6,499,744 28.44 3,494,284 -46.24 1,602,926 -54.13 -31.8
Sales and Promotion 2,148,022 1,183,801 -44.89 1,107,422 -6.45 535,516 -51.64 431,402 -19.44 -33.1
Administration and General 12,803,235 10,746,970 -16.06 10,439,394 -2.86 9,843,908 -5.70 10,076,919 2.37 -5.8
Total Expenses 106,321,122 88,109,356 -17.13 91,888,980 4.29 106,048,576 15.41 78,334,749 -26.13 -7.4
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 9,417,504 11,542,744 - 9,437,288 - -10,899,502 - 9,502,391 - -
Depreciation 1,059,426 1,000,157 -5.59 1,101,394 10.12 9,375 -99.15 0 n/a n/a
P.B.I.T. 8,358,078 10,542,587 - 8,335,894 - -10,908,877 - 9,502,391 - -
Interest Expense 0 0 - 0 - -4,989 - 0 - -
Adjustments - Gain (Loss) 16,336 13,234 - 20,566 - 0 - 0 - -
Pre-tax Profit 8,374,414 10,555,821 - 8,356,460 - -10,903,888 - 9,502,391 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 3,089,066 3,158,099 2.23 4,370,998 38.41 15,163,022 246.90 6,406,936 -57.75 20.0
Script & concept 0 0 n/a 0 n/a 15,543 n/a 0 n/a n/a
Filler Programming + Program Production 931,002 907,814 -2.49 1,102,842 21.48 565,612 -48.71 587,681 3.90 -10.9
Investment in Programming 685,538 621,794 -9.30 506,382 -18.56 0 n/a 0 n/a n/a
Total Canadian Programming 4,705,606 4,687,707 -0.38 5,980,222 27.57 15,744,177 163.27 6,994,617 -55.57 10.4
Canadian Programming/Revenue (%) 4.07 4.70 - 5.90 - 16.55 - 7.96 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,166,530 3,220,846 1.72 3,171,857 -1.52 3,564,073 12.37 3,643,724 2.23 3.6
Total Staff Count 31 31 1.64 31 0.77 36 13.64 36 2.11 -
Avg Remuneration ($) 103,821 103,898 0.07 101,532 -2.28 100,396 -1.12 100,517 0.12 -0.8
Avg Remuneration excl. Benefits ($)* n/a n/a n/a 92,182 n/a 89,921 -2.45 88,166 -1.95 n/a
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 8.1 11.6 - 9.3 - -11.5 - 10.8 - -
P.B.I.T. Margin 7.2 10.6 - 8.2 - -11.5 - 10.8 - -
Pre-tax Margin 7.2 10.6 - 8.2 - -11.5 - 10.8 - -

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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