Radio AM / FM – Canadian Broadcasting Corporation – British Columbia & Territories

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 13 13   13   14   14    

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 22,008 n/a 33,429 51.89 0 -100.00 0 n/a n/a
Parliamentary Appropriation 41,911,372 37,132,911 -11.40 33,067,006 -10.95 30,814,676 -6.81 28,673,397 -6.95 -9.1
Other 1,270,103 777,767 -38.76 708,000 -8.97 594,538 -16.03 535,815 -9.88 -66.4
Total Revenue 43,181,475 37,932,686 -12.16 33,808,435 -10.87 31,409,214 -7.10 29,209,212 -7.00 -9.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 25,475,662 25,975,754 1.96 22,742,902 -12.45 22,127,642 -2.71 20,658,590 -6.64 -5.1
Technical 6,886,314 3,994,577 -41.99 3,144,371 -21.28 2,655,642 -15.54 2,267,038 -14.63 -24.3
Sales and Promotion 1,764,966 831,286 -52.90 1,365,540 64.27 898,887 -34.17 1,145,411 27.43 -10.3
Administration and General Footnote * 5,590,959 4,490,406 -19.68 3,930,552 -12.47 3,524,832 -10.32 3,805,059 7.95 -9.2
Total Expenses 39,717,901 35,292,023 -11.14 31,183,365 -11.64 29,207,003 -6.34 27,876,098 -4.56 -8.5

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 3,463,574 2,640,663   2,625,070   2,202,211   1,333,114    
Depreciation 4,111,660 3,331,916   3,576,795   2,723,975   2,497,084    
Interest Expense 1,354,313 595,979   501,841   516,549   463,950    
Adjustments - Gain (Loss) Footnote * 24,232 900,399   1,048,903   1,698,574   87,376    
Surplus (Deficit) -1,978,167 -386,833   -404,663   660,261   -1,540,544    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 64.1 73.6   72.9   75.8   74.1    
Program and Production Expense/Total Revenue 59.0 68.5   67.3   70.4   70.7    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 26,224,001 25,692,758 -2.03 22,817,936 -11.19 21,971,770 -3.71 20,677,053 -5.89 -5.8
Total Staff Count 295.6 281.4 -4.81 242.7 -13.75 231.3 -4.71 207.9 -10.09  
Avg Remuneration ($)  88,711 91,310 2.93 94,017 2.96 95,009 1.06 99,442 4.67 2.9
Remuneration/Total Expenses (%)  66.0 72.8   73.2   75.2   74.2    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 8.0 7.0   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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