Radio AM / FM - Canadian Broadcasting Corporation - Atlantic

Commercial Radio - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 20 19   19   19   19    

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 2,280 1,450 -36.40 0 -100.00 0 n/a 0 n/a -100.0
Parliamentary Appropriation 34,025,006 33,128,477 -2.63 30,686,562 -7.37 29,754,783 -3.04 28,762,335 -3.34 -4.1
Other Revenue 662,433 613,335 -7.41 588,305 -4.08 557,062 -5.31 626,205 12.41 -1.4
Total Revenue 34,689,719 33,743,262 -2.73 31,274,867 -7.32 30,311,845 -3.08 29,388,540 -3.05 -4.1

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 23,990,904 23,200,309 -3.30 22,051,203 -4.95 21,174,840 -3.97 20,457,276 -3.39 -3.9
Technical 3,899,782 3,268,743 -16.18 2,529,192 -22.62 2,948,990 16.60 2,702,933 -8.34 -8.8
Sales and Promotion 308,210 711,196 130.75 747,258 5.07 737,414 -1.32 613,293 -16.83 18.8
Administration and General 4,119,386 3,945,895 -4.21 3,729,362 -5.49 4,065,566 9.02 4,057,328 -0.20 -0.4
Total Expenses 32,318,282 31,126,143 -3.69 29,057,015 -6.65 28,926,810 -0.45 27,830,830 -3.79 -3.7

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 2,371,437 2,617,119   2,217,852   1,385,035   1,557,710    
Depreciation 2,999,986 3,568,201 18.94 2,695,416 -24.46 2,590,966 -3.88 2,408,453 -7.04 -5.3
Interest Expense 536,604 500,718   521,698   485,752   444,052    
Adjustments Gain(Loss) 810,697 1,046,384   1,656,779   93,040   -406,999    
Surplus (Deficit) -354,456 -405,416   657,517   -1,598,643   -1,701,794    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 74.2 74.5   75.9   73.2   73.5    
Programming Expense / Revenue Total 69.2 68.8   70.5   69.9   69.6    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 24,387,425 24,722,814 1.38 23,139,447 -6.40 22,825,759 -1.36 21,759,596 -4.67 -2.8
Avg Staff Count 279.9 266.1 -4.95 245.3 -7.80 226.7 -7.60 218.6 -3.57  
Avg Remuneration ($) 87,123 92,922 6.66 94,331 1.52 100,705 6.76 99,559 -1.14 3.4
Remuneration/Expense Total (%) 75.5 79.4   79.6   78.9   78.2 -1.27  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 6.8 7.8   7.1   4.6   5.3    
Surplus (Deficit) Margin -1.0 -1.2   2.1   -5.3   -5.8    

CAGR = Compound Annual Growth Rate

Var = Variation

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