Radio AM / FM - Canadian Broadcasting Corporation - British Columbia & Territories

Commercial Radio - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 13 13   14   14   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 22,008 33,429 51.89 0 -100.00 0 n/a 0 n/a -100.0
Parliamentary Appropriation 37,132,911 33,067,006 -10.95 30,814,676 -6.81 28,673,397 -6.95 29,440,346 2.67 -5.6
Other Revenue 777,767 708,000 -8.97 594,538 -16.03 535,815 -9.88 631,793 17.91 -5.1
Total Revenue 37,932,686 33,808,435 -10.87 31,409,214 -7.10 29,209,212 -7.00 30,072,139 2.95 -5.6

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 25,975,754 22,742,902 -12.45 22,127,642 -2.71 20,658,590 -6.64 20,804,520 0.71 -5.4
Technical 3,994,577 3,144,371 -21.28 2,655,642 -15.54 2,267,038 -14.63 2,642,689 16.57 -9.8
Sales and Promotion 831,286 1,365,540 64.27 898,887 -34.17 1,145,411 27.43 1,107,125 -3.34 7.4
Administration and General 4,490,406 3,930,552 -12.47 3,524,832 -10.32 3,805,059 7.95 3,901,567 2.54 -3.5
Total Expenses 35,292,023 31,183,365 -11.64 29,207,003 -6.34 27,876,098 -4.56 28,455,901 2.08 -5.2

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 2,640,663 2,625,070   2,202,211   1,333,114   1,616,238    
Depreciation 3,331,916 3,576,795 7.35 2,723,975 -23.84 2,497,084 -8.33 2,481,694 -0.62 -7.1
Interest Expense 595,979 501,841   516,549   463,950   455,615    
Adjustments Gain(Loss) 900,399 1,048,903   1,698,574   87,376   -420,843    
Surplus (Deficit) -386,833 -404,663   660,261   -1,540,544   -1,741,914    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 73.6 72.9   75.8   74.1   73.1    
Programming Expense / Revenue Total 68.5 67.3   70.4   70.7   69.2    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 25,692,758 22,817,936 -11.19 21,971,770 -3.71 20,677,053 -5.89 21,974,571 6.28 -3.8
Avg Staff Count 281.4 242.7 -13.75 231.3 -4.71 207.9 -10.09 216.4 4.09  
Avg Remuneration ($) 91,310 94,017 2.96 95,009 1.06 99,442 4.67 101,532 2.10 2.7
Remuneration/Expense Total (%) 72.8 73.2   75.2   74.2   77.2 1.92  

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 7.0 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

Date modified: