Small Radio Markets – Radio FM – New Brunswick

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 24 24   24   26   27    

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Local Time Sales 22,592,589 22,027,467 -2.50 22,077,691 0.23 20,734,943 -6.08 21,034,248 1.44 -1.8
National Time Sales 6,294,890 6,204,122 -1.44 6,444,929 3.88 7,386,125 14.60 7,201,165 -2.50 3.4
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 23,875 23,700 -0.73 140,919 494.59 113,495 -19.46 56,762 -49.99 24.2
Government Grants 0 0 n/a 0 n/a 0 n/a 2,135 n/a n/a
Other 144,412 188,483 30.52 254,438 34.99 13,538 -94.68 44,430 228.19 -25.5
Total Revenue 29,055,766 28,443,772 -2.11 28,917,977 1.67 28,248,101 -2.32 28,338,740 0.32 -0.6

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 7,553,486 7,433,489 -1.59 7,420,282 -0.18 8,013,026 7.99 7,582,990 -5.37 0.1
Technical 865,584 913,393 5.52 1,099,608 20.39 1,098,661 -0.09 1,019,549 -7.20 4.2
Sales and Promotion 6,229,602 5,836,060 -6.32 6,457,306 10.64 6,546,734 1.38 6,747,581 3.07 2.0
Administration and General 7,329,252 7,313,217 -0.22 7,348,010 0.48 7,300,504 -0.65 7,049,986 -3.43 -1.0
Total Expenses 21,977,924 21,496,159 -2.19 22,325,206 3.86 22,958,925 2.84 22,400,106 -2.43 0.5

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 7,077,842 6,947,613   6,592,771   5,289,176   5,938,634    
Depreciation 905,075 940,225   1,155,565   697,465   1,111,638    
P.B.I.T. 6,172,767 6,007,388   5,437,206   4,591,711   4,826,996    
Interest Expense 254,491 372,684   276,501   275,209   452,665    
Adjustments - Gain (Loss) -16,136,799 -544,647   236,680   -2,770,125   -205,834    
Pre-tax Profit -10,218,523 5,090,057   5,397,385   1,546,377   4,168,497    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 34.4 34.6   33.2   34.9   33.9    
Program and Production Expense/Total Revenue 26.0 26.1   25.7   28.4   26.8    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 11,223,561 10,759,657 -4.13 11,538,264 7.24 12,237,679 6.06 11,898,634 -2.77 1.5
Total Staff Count 281.7 264.0 -6.27 260.7 -1.27 258.8 -0.72 240.9 -6.90  
Avg Remuneration ($)  39,849 40,756 2.28 44,266 8.61 47,288 6.83 49,384 4.43 5.5
Avg Remuneration excl. Benefits ($)  35,097 35,644 1.56 39,297 10.25 40,841 3.93 43,722 7.05 5.7

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 24.4 24.4   22.8   18.7   21.0    
P.B.I.T. Margin 21.2 21.1   18.8   16.3   17.0    
Pre-tax Margin -35.2 17.9   18.7   5.5   14.7    
Date modified: