Radio AM / FM - Canadian Broadcasting Corporation

Commercial Radio - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 78 78   81   82   69    

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National Time Sales 0 0 n/a 0 n/a 1,073,924 n/a 1,365,871 27.19 n/a
Syndication-Production 858,578 952,036 10.89 1,087,394 14.22 1,327,821 22.11 1,816,056 36.77 20.6
Parliamentary Appropriation 327,266,882 316,507,720 -3.29 295,523,461 -6.63 277,310,161 -6.16 266,879,917 -3.76 -5.0
Other Revenue 8,803,033 8,432,493 -4.21 8,145,268 -3.41 7,923,639 -2.72 6,480,009 -18.22 -7.4
Total Revenue 336,928,493 325,892,249 -3.28 304,756,123 -6.49 287,635,545 -5.62 276,541,853 -3.86 -4.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 238,694,561 227,131,457 -4.84 216,053,738 -4.88 206,489,628 -4.43 196,004,158 -5.08 -4.8
Technical 27,630,406 26,513,142 -4.04 22,139,256 -16.50 21,673,273 -2.10 20,016,820 -7.64 -7.7
Sales and Promotion 9,086,304 11,100,043 22.16 11,320,254 1.98 11,631,088 2.75 11,382,162 -2.14 5.8
Administration and General 38,965,154 36,699,324 -5.82 33,810,993 -7.87 34,913,458 3.26 34,449,627 -1.33 -3.0
Total Expenses 314,376,425 301,443,966 -4.11 283,324,241 -6.01 274,707,447 -3.04 261,852,767 -4.68 -4.5

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 22,552,068 24,448,283   21,431,882   12,928,098   14,689,086    
Depreciation 28,571,836 33,561,983 17.47 25,733,416 -23.33 24,285,038 -5.63 22,510,447 -7.31 -5.8
Interest Expense 5,110,637 4,601,744   4,810,122   4,448,231   4,187,644    
Adjustments Gain(Loss) 7,721,090 9,842,121   15,443,797   906,060   -3,781,625    
Surplus (Deficit) -3,409,315 -3,873,323   6,332,141   -14,899,111   -15,790,630    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 75.9 75.3   76.3   75.2   74.9    
Programming Expense / Revenue Total 70.8 69.7   70.9   71.8   70.9    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 230,740,496 223,100,286 -3.31 213,514,749 -4.30 207,679,032 -2.73 195,709,360 -5.76 -4.0
Avg Staff Count 2,478.1 2,304.9 -6.99 2,178.2 -5.50 2,044.2 -6.15 1,898.1 -7.15  
Avg Remuneration ($) 93,111 96,794 3.96 98,025 1.27 101,593 3.64 103,106 1.49 2.6
Remuneration/Expense Total (%) 73.4 74.0   75.4   75.6   74.7 1.34  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 6.7 7.5   7.0   4.5   5.3    
Surplus (Deficit) Margin -1.0 -1.2   2.1   -5.2   -5.7    

CAGR = Compound Annual Growth Rate

Var = Variation

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