Small Radio Markets – Radio AM – 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 16 15   13   13   13    

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Local Time Sales 6,380,866 6,281,291 -1.56 5,997,518 -4.52 6,239,121 4.03 6,099,225 -2.24 -1.1
National Time Sales 1,651,230 1,740,743 5.42 1,488,603 -14.48 1,572,141 5.61 1,495,787 -4.86 -2.4
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 8,296 13,931 67.92 7,845 -43.69 3,787 -51.73 11,578 205.73 8.7
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other 23,144 52,000 124.68 76,234 46.60 5,000 -93.44 102,869 >999± 45.2
Total Revenue 8,063,536 8,087,965 0.30 7,570,200 -6.40 7,820,049 3.30 7,709,459 -1.41 -1.1

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 2,505,125 2,444,648 -2.41 2,516,806 2.95 2,680,450 6.50 2,879,360 7.42 3.5
Technical 624,185 531,509 -14.85 419,868 -21.00 131,840 -68.60 311,094 135.96 -16.0
Sales and Promotion 1,874,258 1,914,312 2.14 1,801,819 -5.88 1,904,747 5.71 1,999,317 4.96 1.6
Administration and General 2,484,602 2,527,704 1.73 2,526,726 -0.04 2,427,729 -3.92 2,189,912 -9.80 -3.1
Total Expenses 7,488,170 7,418,173 -0.93 7,265,219 -2.06 7,144,766 -1.66 7,379,683 3.29 -0.4

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 575,366 669,792   304,981   675,283   329,776    
Depreciation 349,096 344,586   259,249   227,111   283,895    
P.B.I.T. 226,270 325,206   45,732   448,172   45,881    
Interest Expense 68,331 62,985   74,611   104,670   124,809    
Adjustments - Gain (Loss) -7,287,803 -147,814   -160,081   -1,199,804   -1,453,975    
Pre-tax Profit -7,129,864 114,407   -188,960   -856,302   -1,532,903    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 33.5 33.0   34.6   37.5   39.0    
Program and Production Expense/Total Revenue 31.1 30.2   33.2   34.3   37.3    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 4,097,085 4,193,790 2.36 4,284,704 2.17 4,086,350 -4.63 4,681,441 14.56 3.4
Total Staff Count 101.5 85.2 -16.03 75.6 -11.35 85.8 13.54 83.4 -2.80  
Avg Remuneration ($)  40,365 49,206 21.90 56,706 15.24 47,632 -16.00 56,139 17.86 8.6
Avg Remuneration excl. Benefits ($)  35,873 43,787 22.06 49,017 11.94 39,653 -19.10 46,372 16.94 6.6

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 7.1 8.3   4.0   8.6   4.3    
P.B.I.T. Margin 2.8 4.0   0.6   5.7   0.6    
Pre-tax Margin -88.4 1.4   -2.5   -11.0   -19.9    
Date modified: