Radio AM / FM – Canadian Broadcasting Corporation – Ontario

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 18 15   15   16   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 929,171 n/a n/a
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 896,936 834,250 -6.99 904,017 8.36 1,087,394 20.28 1,327,821 22.11 10.3
Parliamentary Appropriation 107,095,693 102,992,782 -3.83 102,772,457 -0.21 99,070,556 -3.60 94,907,238 -4.20 -3.0
Other 3,465,040 2,861,429 -17.42 2,796,825 -2.26 2,999,670 7.25 3,093,017 3.11 -58.8
Total Revenue 111,457,669 106,688,461 -4.28 106,473,299 -0.20 103,157,620 -3.11 100,257,247 -2.81 -2.6

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 74,860,755 77,573,556 3.62 74,870,527 -3.48 73,079,195 -2.39 71,836,695 -1.70 -1.0
Technical 7,255,314 6,410,746 -11.64 6,904,352 7.70 6,009,846 -12.96 6,609,471 9.98 -2.3
Sales and Promotion 4,132,503 2,861,899 -30.75 4,305,982 50.46 5,383,644 25.03 5,150,586 -4.33 5.7
Administration and General Footnote * 15,359,649 12,522,990 -18.47 12,237,472 -2.28 11,552,437 -5.60 12,048,151 4.29 -5.9
Total Expenses 101,608,221 99,369,191 -2.20 98,318,333 -1.06 96,025,122 -2.33 95,644,903 -0.40 -1.5

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 9,849,448 7,319,270   8,154,966   7,132,498   4,612,344    
Depreciation 11,297,077 9,236,052   11,125,392   8,872,161   8,461,825    
Interest Expense 3,634,968 1,652,051   1,549,816   1,661,368   1,548,020    
Adjustments - Gain (Loss) Footnote * 66,584 2,495,900   3,262,545   5,523,803   298,398    
Surplus (Deficit) -5,016,013 -1,072,933   -1,257,697   2,122,772   -5,099,103    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 73.7 78.1   76.2   76.1   75.1    
Program and Production Expense/Total Revenue 67.2 72.7   70.3   70.8   71.7    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 66,785,266 70,394,774 5.40 68,420,375 -2.80 69,407,837 1.44 69,880,469 0.68 1.1
Total Staff Count 739.9 735.3 -0.62 708.5 -3.65 704.3 -0.58 670.6 -4.78  
Avg Remuneration ($)  90,261 95,735 6.06 96,578 0.88 98,544 2.04 104,201 5.74 3.7
Remuneration/Total Expenses (%)  65.7 70.8   69.6   72.3   73.1    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 8.8 6.9   7.7   6.9   4.6    
Surplus (Deficit) Margin -4.5 -1.0   -1.2   2.1   -5.1    

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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