Radio AM – 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 20 20   20   17   16    

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 0 n/a n/a
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 0 23,878 n/a 48,019 101.10 0 -100.00 0 n/a n/a
Parliamentary Appropriation 83,059,392 78,451,564 -5.55 71,651,517 -8.67 57,261,872 -20.08 51,989,457 -9.21 -11.1
Other 2,539,146 1,687,431 -33.54 1,500,525 -11.08 1,129,476 -24.73 1,016,268 -10.02 -66.7
Total Revenue 85,598,538 80,162,873 -6.35 73,200,061 -8.69 58,391,348 -20.23 53,005,725 -9.22 -11.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 52,437,426 54,072,213 3.12 48,713,063 -9.91 39,759,009 -18.38 35,571,741 -10.53 -9.3
Technical 12,291,239 8,975,715 -26.97 7,203,888 -19.74 5,181,199 -28.08 4,970,764 -4.06 -20.3
Sales and Promotion 2,942,047 1,590,481 -45.94 2,645,222 66.32 2,416,500 -8.65 2,744,241 13.56 -1.7
Administration and General Footnote * 11,142,644 9,864,592 -11.47 8,903,863 -9.74 6,947,159 -21.98 7,271,438 4.67 -10.1
Total Expenses 78,813,356 74,503,001 -5.47 67,466,036 -9.45 54,303,867 -19.51 50,558,184 -6.90 -10.5

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 6,785,182 5,659,872   5,734,025   4,087,481   2,447,541    
Depreciation 8,196,793 7,128,434   7,826,068   5,089,292   4,575,603    
Interest Expense 2,554,630 1,275,059   1,079,817   937,595   824,758    
Adjustments - Gain (Loss) Footnote * 48,306 1,926,350   2,295,012   3,166,349   159,571    
Surplus (Deficit) -3,917,935 -817,271   -876,848   1,226,943   -2,793,249    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 66.5 72.6   72.2   73.2   70.4    
Program and Production Expense/Total Revenue 61.3 67.5   66.5   68.1   67.1    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 55,313,067 56,639,969 2.40 52,223,778 -7.80 42,037,389 -19.51 39,080,589 -7.03 -8.3
Total Staff Count 665.4 632.5 -4.95 561.2 -11.26 443.5 -20.98 388.8 -12.33  
Avg Remuneration ($)  83,129 89,556 7.73 93,054 3.91 94,794 1.87 100,516 6.04 4.9
Remuneration/Total Expenses (%)  70.2 76.0   77.4   77.4   77.3    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 7.9 7.1   7.8   7.0   4.6    
Surplus (Deficit) Margin -4.6 -1.0   -1.2   2.1   -5.3    

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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