Radio AM - 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 20 20   17   16   14    

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 0 n/a 0 n/a n/a
Syndication-Production 23,878 48,019 101.10 0 -100.00 0 n/a 0 n/a -100.0
Parliamentary Appropriation 78,451,564 71,651,517 -8.67 57,261,872 -20.08 51,989,457 -9.21 47,948,556 -7.77 -11.6
Other Revenue 1,687,431 1,500,525 -11.08 1,129,476 -24.73 1,016,268 -10.02 1,037,454 2.08 -11.5
Total Revenue 80,162,873 73,200,061 -8.69 58,391,348 -20.23 53,005,725 -9.22 48,986,010 -7.58 -11.6

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 54,072,213 48,713,063 -9.91 39,759,009 -18.38 35,571,741 -10.53 33,281,620 -6.44 -11.4
Technical 8,975,715 7,203,888 -19.74 5,181,199 -28.08 4,970,764 -4.06 4,530,420 -8.86 -15.7
Sales and Promotion 1,590,481 2,645,222 66.32 2,416,500 -8.65 2,744,241 13.56 1,885,459 -31.29 4.4
Administration and General 9,864,592 8,903,863 -9.74 6,947,159 -21.98 7,271,438 4.67 6,650,261 -8.54 -9.4
Total Expenses 74,503,001 67,466,036 -9.45 54,303,867 -19.51 50,558,184 -6.90 46,347,760 -8.33 -11.2

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 5,659,872 5,734,025   4,087,481   2,447,541   2,638,250    
Depreciation 7,128,434 7,826,068 9.79 5,089,292 -34.97 4,575,603 -10.09 4,047,056 -11.55 -13.2
Interest Expense 1,275,059 1,079,817   937,595   824,758   742,055    
Adjustments Gain(Loss) 1,926,350 2,295,012   3,166,349   159,571   -686,137    
Surplus (Deficit) -817,271 -876,848   1,226,943   -2,793,249   -2,836,998    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 72.6 72.2   73.2   70.4   71.8    
Programming Expense / Revenue Total 67.5 66.5   68.1   67.1   67.9    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 56,639,969 52,223,778 -7.80 42,037,389 -19.51 39,080,589 -7.03 35,834,411 -8.31 -10.8
Avg Staff Count 632.5 561.2 -11.26 443.5 -20.98 388.8 -12.33 358.8 -7.73  
Avg Remuneration ($) 89,556 93,054 3.91 94,794 1.87 100,516 6.04 99,884 -0.63 2.8
Remuneration/Expense Total (%) 76.0 77.4   77.4   77.3   77.3 -0.95  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 7.1 7.8   7.0   4.6   5.4    
Surplus (Deficit) Margin -1.0 -1.2   2.1   -5.3   -5.8    

CAGR = Compound Annual Growth Rate

Var = Variation

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