Radio AM / FM – Canadian Broadcasting Corporation – Atlantic

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 20 19   19   19   19    

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 2,280 n/a 1,450 -36.40 0 -100.00 0 n/a n/a
Parliamentary Appropriation 39,867,456 34,025,006 -14.65 33,128,477 -2.63 30,686,562 -7.37 29,754,783 -3.04 -7.1
Other 1,207,666 662,433 -45.15 613,335 -7.41 588,305 -4.08 557,062 -5.31 -65.6
Total Revenue 41,075,122 34,689,719 -15.55 33,743,262 -2.73 31,274,867 -7.32 30,311,845 -3.08 -7.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 24,450,710 23,990,904 -1.88 23,200,309 -3.30 22,051,203 -4.95 21,174,840 -3.97 -3.5
Technical 6,752,678 3,899,782 -42.25 3,268,743 -16.18 2,529,192 -22.62 2,948,990 16.60 -18.7
Sales and Promotion 882,672 308,210 -65.08 711,196 130.75 747,258 5.07 737,414 -1.32 -4.4
Administration and General Footnote * 5,572,143 4,119,386 -26.07 3,945,895 -4.21 3,729,362 -5.49 4,065,566 9.02 -7.6
Total Expenses 37,658,203 32,318,282 -14.18 31,126,143 -3.69 29,057,015 -6.65 28,926,810 -0.45 -6.4

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 3,416,919 2,371,437   2,617,119   2,217,852   1,385,035    
Depreciation 4,100,044 2,999,986   3,568,201   2,695,416   2,590,966    
Interest Expense 1,213,472 536,604   500,718   521,698   485,752    
Adjustments - Gain (Loss) Footnote * 24,164 810,697   1,046,384   1,656,779   93,040    
Surplus (Deficit) -1,872,433 -354,456   -405,416   657,517   -1,598,643    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 64.9 74.2   74.5   75.9   73.2    
Program and Production Expense/Total Revenue 59.5 69.2   68.8   70.5   69.9    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 26,384,418 24,387,425 -7.57 24,722,814 1.38 23,139,447 -6.40 22,825,759 -1.36 -3.6
Total Staff Count 328.3 279.9 -14.74 266.1 -4.95 245.3 -7.80 226.7 -7.60  
Avg Remuneration ($)  80,367 87,123 8.41 92,922 6.66 94,331 1.52 100,705 6.76 5.8
Remuneration/Total Expenses (%)  70.1 75.5   79.4   79.6   78.9    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 8.3 6.8   7.8   7.1   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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