Designated Markets - Radio AM / FM - Saskatoon

Commercial Radio - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 8 8   8   8   8    

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 23,457,258 24,765,764 5.58 25,470,149 2.84 24,784,326 -2.69 25,570,203 3.17 2.2
National Time Sales 4,759,485 5,547,163 16.55 5,175,505 -6.70 5,061,276 -2.21 4,863,659 -3.90 0.5
Syndication-Production 23,677 8,210 -65.32 5,586 -31.96 -4,394 -178.66 -469 -89.33 n/a
Government/Corporate Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 618,072 493,832 -20.10 792,677 60.52 769,858 -2.88 458,742 -40.41 -7.2
Total Revenue 28,858,492 30,814,969 6.78 31,443,917 2.04 30,611,066 -2.65 30,892,135 0.92 1.7

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 11,095,252 11,524,886 3.87 11,881,038 3.09 12,137,829 2.16 12,109,771 -0.23 2.2
Technical 922,460 1,015,674 10.10 932,041 -8.23 911,548 -2.20 1,004,817 10.23 2.2
Sales and Promotion 8,981,013 9,451,535 5.24 9,864,282 4.37 9,664,401 -2.03 9,605,604 -0.61 1.7
Administration and General 4,647,057 4,923,555 5.95 5,258,134 6.80 5,257,083 -0.02 5,231,802 -0.48 3.0
Total Expenses 25,645,782 26,915,650 4.95 27,935,495 3.79 27,970,861 0.13 27,951,994 -0.07 2.2

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 3,212,710 3,899,319   3,508,422   2,640,205   2,940,141    
Depreciation 1,231,345 1,139,706 -7.44 1,094,691 -3.95 1,002,974 -8.38 971,972 -3.09 -5.7
P.B.I.T. 1,981,365 2,759,613   2,413,731   1,637,231   1,968,169    
Interest Expense 88,573 69,171   95,283   26,821   5,940    
Adjustments Gain(Loss) -41,821 375   2,287   5,944   342    
Pre-tax Profit 1,850,971 2,690,817   2,320,735   1,616,354   1,962,571    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 43.3 42.8   42.5   43.4   43.3    
Programming Expense / Revenue Total 38.4 37.4   37.8   39.7   39.2    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 13,706,011 14,091,704 2.81 14,504,025 2.93 14,684,844 1.25 14,783,114 0.67 1.9
Avg Staff Count 212.8 201.6 -5.24 209.7 4.03 195.6 -6.74 191.2 -2.22  
Avg Remuneration ($) 64,423 69,896 8.50 69,156 -1.06 75,080 8.57 77,301 2.96 4.7
Avg Remuneration excl. Benefits ($) 58,711 63,272 7.77 62,479 -1.25 66,972 7.19 69,335 3.53 4.3

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 11.1 12.7   11.2   8.6   9.5    
P.B.I.T. Margin 6.9 9.0   7.7   5.3   6.4    
Pre-tax Margin 6.4 8.7   7.4   5.3   6.4    

CAGR = Compound Annual Growth Rate

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

Date modified: