Radio AM / FM - Canadian Broadcasting Corporation - Ontario

Commercial Radio - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 15 15   16   15   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 929,171 n/a 1,200,892 29.24 n/a
Syndication-Production 834,250 904,017 8.36 1,087,394 20.28 1,327,821 22.11 1,816,056 36.77 21.5
Parliamentary Appropriation 102,992,782 102,772,457 -0.21 99,070,556 -3.60 94,907,238 -4.20 88,097,459 -7.18 -3.8
Other Revenue 2,861,429 2,796,825 -2.26 2,999,670 7.25 3,093,017 3.11 2,400,574 -22.39 -4.3
Total Revenue 106,688,461 106,473,299 -0.20 103,157,620 -3.11 100,257,247 -2.81 93,514,981 -6.72 -3.2

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 77,573,556 74,870,527 -3.48 73,079,195 -2.39 71,836,695 -1.70 66,025,801 -8.09 -4.0
Technical 6,410,746 6,904,352 7.70 6,009,846 -12.96 6,609,471 9.98 5,400,656 -18.29 -4.2
Sales and Promotion 2,861,899 4,305,982 50.46 5,383,644 25.03 5,150,586 -4.33 5,788,138 12.38 19.3
Administration and General 12,522,990 12,237,472 -2.28 11,552,437 -5.60 12,048,151 4.29 11,302,226 -6.19 -2.5
Total Expenses 99,369,191 98,318,333 -1.06 96,025,122 -2.33 95,644,903 -0.40 88,516,821 -7.45 -2.9

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 7,319,270 8,154,966   7,132,498   4,612,344   4,998,160    
Depreciation 9,236,052 11,125,392 20.46 8,872,161 -20.25 8,461,825 -4.62 7,539,222 -10.90 -5.0
Interest Expense 1,652,051 1,549,816   1,661,368   1,548,020   1,394,792    
Adjustments Gain(Loss) 2,495,900 3,262,545   5,523,803   298,398   -1,276,658    
Surplus (Deficit) -1,072,933 -1,257,697   2,122,772   -5,099,103   -5,212,512    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 78.1 76.2   76.1   75.1   74.6    
Programming Expense / Revenue Total 72.7 70.3   70.8   71.7   70.6    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 70,394,774 68,420,375 -2.80 69,407,837 1.44 69,880,469 0.68 62,555,388 -10.48 -2.9
Avg Staff Count 735.3 708.5 -3.65 704.3 -0.58 670.6 -4.78 589.0 -12.18  
Avg Remuneration ($) 95,735 96,578 0.88 98,544 2.04 104,201 5.74 106,210 1.93 2.6
Remuneration/Expense Total (%) 70.8 69.6   72.3   73.1   70.7 1.64  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 6.9 7.7   6.9   4.6   5.3    
Surplus (Deficit) Margin -1.0 -1.2   2.1   -5.1   -5.6    

CAGR = Compound Annual Growth Rate

Var = Variation

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