Radio AM / FM – Canadian Broadcasting Corporation – Québec

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 16 16   16   18   18    

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 144,753 n/a n/a
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production -3,644 0 -100.00 0 n/a 0 n/a 0 n/a -100.0
Parliamentary Appropriation 117,071,411 115,477,884 -1.36 111,726,107 -3.25 102,997,704 -7.81 93,111,910 -9.60 -5.6
Other 3,709,640 3,685,919 -0.64 3,588,886 -2.63 3,332,878 -7.13 3,125,998 -6.21 -59.6
Total Revenue 120,777,407 119,163,803 -1.34 115,314,993 -3.23 106,330,582 -7.79 96,382,661 -9.36 -5.5

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 79,813,660 85,245,347 6.81 81,724,972 -4.13 76,474,899 -6.42 71,069,553 -7.07 -2.9
Technical 11,254,516 9,088,557 -19.25 9,784,095 7.65 8,472,622 -13.40 7,257,584 -14.34 -10.4
Sales and Promotion 6,215,706 4,285,153 -31.06 3,546,988 -17.23 2,796,234 -21.17 3,018,199 7.94 -16.5
Administration and General Footnote * 16,398,996 12,994,059 -20.76 12,031,939 -7.40 11,010,641 -8.49 10,870,215 -1.28 -9.8
Total Expenses 113,682,878 111,613,116 -1.82 107,087,994 -4.05 98,754,396 -7.78 92,215,551 -6.62 -5.1

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 7,094,529 7,550,687   8,226,999   7,576,186   4,167,110    
Depreciation 12,115,841 9,633,875   11,432,572   8,641,568   8,051,073    
Interest Expense 544,798 1,723,209   1,514,323   1,573,873   1,449,613    
Adjustments - Gain (Loss) Footnote * 71,404 2,603,401   3,352,626   4,846,172   330,928    
Surplus (Deficit) -5,494,706 -1,202,996   -1,367,270   2,206,917   -5,002,648    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 70.2 76.4   76.3   77.4   77.1    
Program and Production Expense/Total Revenue 66.1 71.5   70.9   71.9   73.7    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 77,794,062 83,231,776 6.99 80,898,377 -2.80 75,603,362 -6.55 70,780,354 -6.38 -2.3
Total Staff Count 855.0 877.4 2.63 801.7 -8.63 746.9 -6.84 697.5 -6.61  
Avg Remuneration ($)  90,993 94,858 4.25 100,906 6.38 101,228 0.32 101,482 0.25 2.8
Remuneration/Total Expenses (%)  68.4 74.6   75.5   76.6   76.8    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 5.9 6.3   7.1   7.1   4.3    
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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