Radio AM / FM - Canadian Broadcasting Corporation - Québec

Commercial Radio - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 16 16   18   18   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 144,753 n/a 164,979 13.97 n/a
Syndication-Production 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Parliamentary Appropriation 115,477,884 111,726,107 -3.25 102,997,704 -7.81 93,111,910 -9.60 91,559,286 -1.67 -5.6
Other Revenue 3,685,919 3,588,886 -2.63 3,332,878 -7.13 3,125,998 -6.21 2,202,379 -29.55 -12.1
Total Revenue 119,163,803 115,314,993 -3.23 106,330,582 -7.79 96,382,661 -9.36 93,926,644 -2.55 -5.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 85,245,347 81,724,972 -4.13 76,474,899 -6.42 71,069,553 -7.07 68,026,818 -4.28 -5.5
Technical 9,088,557 9,784,095 7.65 8,472,622 -13.40 7,257,584 -14.34 6,969,816 -3.97 -6.4
Sales and Promotion 4,285,153 3,546,988 -17.23 2,796,234 -21.17 3,018,199 7.94 2,696,813 -10.65 -10.9
Administration and General 12,994,059 12,031,939 -7.40 11,010,641 -8.49 10,870,215 -1.28 11,278,380 3.75 -3.5
Total Expenses 111,613,116 107,087,994 -4.05 98,754,396 -7.78 92,215,551 -6.62 88,971,827 -3.52 -5.5

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 7,550,687 8,226,999   7,576,186   4,167,110   4,954,817    
Depreciation 9,633,875 11,432,572 18.67 8,641,568 -24.41 8,051,073 -6.83 7,658,210 -4.88 -5.6
Interest Expense 1,723,209 1,514,323   1,573,873   1,449,613   1,446,219    
Adjustments Gain(Loss) 2,603,401 3,352,626   4,846,172   330,928   -1,267,727    
Surplus (Deficit) -1,202,996 -1,367,270   2,206,917   -5,002,648   -5,417,339    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 76.4 76.3   77.4   77.1   76.5    
Programming Expense / Revenue Total 71.5 70.9   71.9   73.7   72.4    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 83,231,776 80,898,377 -2.80 75,603,362 -6.55 70,780,354 -6.38 67,592,661 -4.50 -5.1
Avg Staff Count 877.4 801.7 -8.63 746.9 -6.84 697.5 -6.61 655.6 -6.00  
Avg Remuneration ($) 94,858 100,906 6.38 101,228 0.32 101,482 0.25 103,096 1.59 2.1
Remuneration/Expense Total (%) 74.6 75.5   76.6   76.8   76.0 1.65  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 6.3 7.1   7.1   4.3   5.3    
Surplus (Deficit) Margin -1.0 -1.2   2.1   -5.2   -5.8    

CAGR = Compound Annual Growth Rate

Var = Variation

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