Small Radio Markets – Radio AM / FM – 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 80 79   79   80   81    

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Local Time Sales 54,702,965 54,090,650 -1.12 52,802,465 -2.38 54,534,482 3.28 53,630,816 -1.66 -0.5
National Time Sales 16,274,555 16,495,282 1.36 15,231,181 -7.66 17,964,571 17.95 16,775,205 -6.62 0.8
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 92,788 99,722 7.47 113,106 13.42 69,220 -38.80 85,268 23.18 -2.1
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other 338,432 483,141 42.76 663,462 37.32 155,701 -76.53 249,643 60.33 -7.3
Total Revenue 71,408,740 71,168,795 -0.34 68,810,214 -3.31 72,723,974 5.69 70,740,932 -2.73 -0.2

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 20,702,518 20,593,907 -0.52 20,391,627 -0.98 21,474,739 5.31 22,454,442 4.56 2.1
Technical 3,704,413 3,496,713 -5.61 3,366,199 -3.73 3,343,205 -0.68 3,244,479 -2.95 -3.3
Sales and Promotion 18,884,253 19,195,798 1.65 19,812,619 3.21 20,039,600 1.15 19,336,967 -3.51 0.6
Administration and General 18,030,903 18,203,469 0.96 19,157,436 5.24 19,175,144 0.09 19,391,523 1.13 1.8
Total Expenses 61,322,087 61,489,887 0.27 62,727,881 2.01 64,032,688 2.08 64,427,411 0.62 1.2

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 10,086,653 9,678,908   6,082,333   8,691,286   6,313,521    
Depreciation 2,279,080 2,325,707   2,109,875   1,951,670   2,312,940    
P.B.I.T. 7,807,573 7,353,201   3,972,458   6,739,616   4,000,581    
Interest Expense 1,291,714 956,042   850,377   942,886   1,129,437    
Adjustments - Gain (Loss) -39,223,841 -2,131,553   -2,370,212   -8,942,406   -12,287,612    
Pre-tax Profit -32,707,982 4,265,606   751,869   -3,145,676   -9,416,468    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 33.8 33.5   32.5   33.5   34.9    
Program and Production Expense/Total Revenue 29.0 28.9   29.6   29.5   31.7    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 35,382,940 36,520,560 3.22 37,688,925 3.20 37,618,398 -0.19 36,807,716 -2.16 1.0
Total Staff Count 697.1 683.9 -1.89 692.4 1.23 702.0 1.40 668.7 -4.74  
Avg Remuneration ($)  50,757 53,399 5.20 54,435 1.94 53,585 -1.56 55,040 2.72 2.1
Avg Remuneration excl. Benefits ($)  45,492 47,972 5.45 48,663 1.44 47,355 -2.69 48,934 3.33 1.8

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 14.1 13.6   8.8   12.0   8.9    
P.B.I.T. Margin 10.9 10.3   5.8   9.3   5.7    
Pre-tax Margin -45.8 6.0   1.1   -4.3   -13.3    
Date modified: