Medium Radio Markets – Radio AM / FM – Ste. Catharines/Niagara

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 6 6   6   6   6    

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Local Time Sales 9,126,295 8,967,574 -1.74 9,037,562 0.78 7,790,991 -13.79 7,394,574 -5.09 -5.1
National Time Sales 3,721,649 4,047,595 8.76 3,572,400 -11.74 4,405,130 23.31 4,496,374 2.07 4.8
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 26,198 30,064 14.76 28,005 -6.85 10,500 -62.51 6,600 -37.14 -29.2
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other 145,761 211,386 45.02 293,285 38.74 0 -100.00 0 n/a -100.0
Total Revenue 13,019,903 13,256,619 1.82 12,931,252 -2.45 12,206,621 -5.60 11,897,548 -2.53 -2.2

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 3,440,077 3,588,731 4.32 3,689,646 2.81 3,534,898 -4.19 3,580,088 1.28 1.0
Technical 357,453 382,612 7.04 322,075 -15.82 339,198 5.32 465,458 37.22 6.8
Sales and Promotion 2,846,887 2,910,992 2.25 3,099,568 6.48 2,874,672 -7.26 2,670,787 -7.09 -1.6
Administration and General 2,350,928 2,268,934 -3.49 2,635,149 16.14 2,641,466 0.24 2,297,600 -13.02 -0.6
Total Expenses 8,995,345 9,151,269 1.73 9,746,438 6.50 9,390,234 -3.65 9,013,933 -4.01 0.1

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 4,024,558 4,105,350   3,184,814   2,816,387   2,883,615    
Depreciation 348,888 420,914   255,816   165,953   378,327    
P.B.I.T. 3,675,670 3,684,436   2,928,998   2,650,434   2,505,288    
Interest Expense 0 40,641   61,211   64,961   91,738    
Adjustments - Gain (Loss) -19,910,463 -696,882   160,665   -2,311,085   -847,116    
Pre-tax Profit -16,234,793 2,946,913   3,028,452   274,388   1,566,434    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 38.2 39.2   37.9   37.6   39.7    
Program and Production Expense/Total Revenue 26.4 27.1   28.5   29.0   30.1    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 4,931,414 5,160,364 4.64 5,800,938 12.41 5,562,832 -4.10 4,989,377 -10.31 0.3
Total Staff Count 93.5 105.0 12.30 84.5 -19.52 88.8 5.03 68.7 -22.55  
Avg Remuneration ($)  52,742 49,146 -6.82 68,650 39.69 62,680 -8.70 72,583 15.80 8.3
Avg Remuneration excl. Benefits ($)  46,556 44,511 -4.39 61,612 38.42 56,162 -8.85 65,627 16.85 9.0

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 30.9 31.0   24.6   23.1   24.2    
P.B.I.T. Margin 28.2 27.8   22.7   21.7   21.1    
Pre-tax Margin -124.7 22.2   23.4   2.2   13.2    
Date modified: