Radio AM / FM - Canadian Broadcasting Corporation - Prairies

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   14   15   12    

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 40 13,140 >999± 0 -100.00 0 n/a 0 n/a -100.0
Parliamentary Appropriation 37,638,299 35,813,673 -4.85 31,953,963 -10.78 30,862,833 -3.41 29,020,491 -5.97 -6.3
Other Revenue 815,485 725,447 -11.04 629,877 -13.17 611,747 -2.88 619,058 1.20 -6.7
Total Revenue 38,453,824 36,552,260 -4.95 32,583,840 -10.86 31,474,580 -3.40 29,639,549 -5.83 -6.3

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 25,909,000 24,592,747 -5.08 22,320,799 -9.24 21,749,950 -2.56 20,689,743 -4.87 -5.5
Technical 4,236,744 3,411,581 -19.48 2,471,954 -27.54 2,590,190 4.78 2,300,726 -11.18 -14.2
Sales and Promotion 799,756 1,170,337 46.34 1,494,231 27.68 1,579,478 5.71 1,176,793 -25.49 10.1
Administration and General 4,838,313 4,553,466 -5.89 3,993,721 -12.29 4,124,467 3.27 3,910,126 -5.20 -5.2
Total Expenses 35,783,813 33,728,131 -5.74 30,280,705 -10.22 30,044,085 -0.78 28,077,388 -6.55 -5.9

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 2,670,011 2,824,129   2,303,135   1,430,495   1,562,161    
Depreciation 3,370,007 3,859,023 14.51 2,800,296 -27.44 2,684,090 -4.15 2,422,868 -9.73 -7.9
Interest Expense 602,794 535,046   536,634   500,896   446,966    
Adjustments Gain(Loss) 910,693 1,131,663   1,718,469   96,318   -409,398    
Surplus (Deficit) -392,097 -438,277   684,674   -1,658,173   -1,717,071    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 72.4 72.9   73.7   72.4   73.7    
Programming Expense / Revenue Total 67.4 67.3   68.5   69.1   69.8    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 27,033,763 26,240,784 -2.93 23,392,333 -10.86 23,515,397 0.53 21,827,144 -7.18 -5.2
Avg Staff Count 304.1 286.0 -5.96 250.4 -12.43 241.5 -3.55 218.5 -9.52  
Avg Remuneration ($) 88,906 91,764 3.21 93,416 1.80 97,360 4.22 99,877 2.59 3.0
Remuneration/Expense Total (%) 75.5 77.8   77.3   78.3   77.7 2.41  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 6.9 7.7   7.1   4.5   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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