Small Radio Markets – Radio AM – Saskatchewan

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 15 15   15   15   15    

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Local Time Sales 28,989,718 30,499,504 5.21 30,851,437 1.15 31,415,480 1.83 30,677,653 -2.35 1.4
National Time Sales 5,970,088 5,542,066 -7.17 5,898,111 6.42 5,846,899 -0.87 5,270,759 -9.85 -3.1
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 45,054 -70,379 -256.21 -40,173 -42.92 -641 -98.40 37,601 >999± -4.4
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other 538,018 563,387 4.72 464,962 -17.47 448,211 -3.60 422,670 -5.70 -5.9
Total Revenue 35,542,878 36,534,578 2.79 37,174,337 1.75 37,709,949 1.44 36,408,683 -3.45 0.6

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 11,692,812 12,302,152 5.21 12,603,741 2.45 13,495,663 7.08 14,084,713 4.36 4.8
Technical 896,794 904,710 0.88 1,168,292 29.13 1,210,689 3.63 1,225,181 1.20 8.1
Sales and Promotion 11,120,002 11,003,949 -1.04 10,988,798 -0.14 11,307,874 2.90 11,075,297 -2.06 -0.1
Administration and General 7,686,904 7,897,340 2.74 7,922,547 0.32 7,917,170 -0.07 7,850,543 -0.84 0.5
Total Expenses 31,396,512 32,108,151 2.27 32,683,378 1.79 33,931,396 3.82 34,235,734 0.90 2.2

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 4,146,366 4,426,427   4,490,959   3,778,553   2,172,949    
Depreciation 1,352,756 1,789,631   1,650,347   1,615,393   1,614,973    
P.B.I.T. 2,793,610 2,636,796   2,840,612   2,163,160   557,976    
Interest Expense 38,252 191,111   173,878   241,411   156,358    
Adjustments - Gain (Loss) -407,358 -13,394   81,826   -579,206   194,006    
Pre-tax Profit 2,348,000 2,432,291   2,748,560   1,342,543   595,624    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 37.2 38.3   38.6   39.8   41.1    
Program and Production Expense/Total Revenue 32.9 33.7   33.9   35.8   38.7    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 16,492,778 16,480,864 -0.07 17,514,442 6.27 18,401,204 5.06 18,765,176 1.98 3.3
Total Staff Count 300.5 283.7 -5.59 292.6 3.13 303.6 3.77 313.6 3.29  
Avg Remuneration ($)  54,890 58,097 5.84 59,866 3.05 60,614 1.25 59,842 -1.27 2.2
Avg Remuneration excl. Benefits ($)  50,866 53,938 6.04 55,354 2.63 56,056 1.27 54,110 -3.47 1.6

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 11.7 12.1   12.1   10.0   6.0    
P.B.I.T. Margin 7.9 7.2   7.6   5.7   1.5    
Pre-tax Margin 6.6 6.7   7.4   3.6   1.6    
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