Radio 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 62 58   58   64   66    

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 893,292 834,700 -6.56 904,017 8.30 1,087,394 20.28 1,327,821 22.11 10.4
Parliamentary Appropriation 263,488,647 248,815,318 -5.57 244,856,203 -1.59 238,261,589 -2.69 225,320,704 -5.43 -3.8
Other 8,317,160 7,115,602 -14.45 6,931,968 -2.58 7,015,792 1.21 6,907,371 -1.55 -59.8
Total Revenue 272,699,099 256,765,620 -5.84 252,692,188 -1.59 246,364,775 -2.50 234,629,820 -4.76 -3.7

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 177,805,525 184,622,348 3.83 178,418,394 -3.36 176,294,729 -1.19 170,917,887 -3.05 -1.0
Technical 26,462,768 18,654,691 -29.51 19,309,254 3.51 16,958,057 -12.18 16,702,509 -1.51 -10.9
Sales and Promotion 11,388,899 7,495,823 -34.18 8,454,821 12.79 8,903,754 5.31 8,886,847 -0.19 -6.0
Administration and General Footnote * 37,026,945 29,100,562 -21.41 27,795,461 -4.48 26,863,834 -3.35 27,642,020 2.90 -7.1
Total Expenses 252,684,137 239,873,424 -5.07 233,977,930 -2.46 229,020,374 -2.12 224,149,263 -2.13 -3.0

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 20,014,962 16,892,196   18,714,258   17,344,401   10,480,557    
Depreciation 27,290,629 21,443,402   25,735,915   20,644,124   19,709,435    
Interest Expense 5,250,843 3,835,578   3,521,927   3,872,527   3,623,473    
Adjustments - Gain (Loss) Footnote * 160,846 5,794,740   7,547,109   12,277,448   746,489    
Surplus (Deficit) -12,365,664 -2,592,044   -2,996,475   5,105,198   -12,105,862    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 70.4 77.0   76.3   77.0   76.3    
Program and Production Expense/Total Revenue 65.2 71.9   70.6   71.6   72.8    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 168,503,742 174,100,527 3.32 170,876,508 -1.85 171,477,360 0.35 168,598,443 -1.68 0.0
Total Staff Count 1,883.6 1,845.7 -2.01 1,743.7 -5.53 1,734.7 -0.51 1,655.4 -4.57  
Avg Remuneration ($)  89,458 94,329 5.44 97,998 3.89 98,851 0.87 101,846 3.03 3.3
Remuneration/Total Expenses (%)  66.7 72.6   73.0   74.9   75.2    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 7.3 6.6   7.4   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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