Radio AM / FM – Canadian Broadcasting Corporation

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 82 78   78   81   82    

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Local Time Sales 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National Time Sales 0 0 n/a 0 n/a 0 n/a 1,073,924 n/a n/a
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 893,292 858,578 -3.89 952,036 10.89 1,087,394 14.22 1,327,821 22.11 10.4
Parliamentary Appropriation 346,548,039 327,266,882 -5.56 316,507,720 -3.29 295,523,461 -6.63 277,310,161 -6.16 -5.4
Other 10,856,306 8,803,033 -18.91 8,432,493 -4.21 8,145,268 -3.41 7,923,639 -2.72 -61.1
Total Revenue 358,297,637 336,928,493 -5.96 325,892,249 -3.28 304,756,123 -6.49 287,635,545 -5.62 -5.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 230,242,951 238,694,561 3.67 227,131,457 -4.84 216,053,738 -4.88 206,489,628 -4.43 -2.7
Technical 38,754,007 27,630,406 -28.70 26,513,142 -4.04 22,139,256 -16.50 21,673,273 -2.10 -13.5
Sales and Promotion 14,330,946 9,086,304 -36.60 11,100,043 22.16 11,320,254 1.98 11,631,088 2.75 -5.1
Administration and General Footnote * 48,169,589 38,965,154 -19.11 36,699,324 -5.82 33,810,993 -7.87 34,913,458 3.26 -7.7
Total Expenses 331,497,493 314,376,425 -5.16 301,443,966 -4.11 283,324,241 -6.01 274,707,447 -3.04 -4.6

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 26,800,144 22,552,068   24,448,283   21,431,882   12,928,098    
Depreciation 35,487,422 28,571,836   33,561,983   25,733,416   24,285,038    
Interest Expense 7,805,473 5,110,637   4,601,744   4,810,122   4,448,231    
Adjustments - Gain (Loss) Footnote * 209,152 7,721,090   9,842,121   15,443,797   906,060    
Surplus (Deficit) -16,283,599 -3,409,315   -3,873,323   6,332,141   -14,899,111    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 69.5 75.9   75.3   76.3   75.2    
Program and Production Expense/Total Revenue 64.3 70.8   69.7   70.9   71.8    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 223,816,809 230,740,496 3.09 223,100,286 -3.31 213,514,749 -4.30 207,679,032 -2.73 -1.9
Total Staff Count 2,549.0 2,478.1 -2.78 2,304.9 -6.99 2,178.2 -5.50 2,044.2 -6.15  
Avg Remuneration ($)  87,806 93,111 6.04 96,794 3.96 98,025 1.27 101,593 3.64 3.7
Remuneration/Total Expenses (%)  67.5 73.4   74.0   75.4   75.6    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 7.5 6.7   7.5   7.0   4.5    
Surplus (Deficit) Margin -4.5 -1.0   -1.2   2.1   -5.2    

Footnote

>Footnote *

the non-cash pension adjustment, for years 2010 to 2013, has been reclassified to conform to the 2014 presentation.

Return to footnote *

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