Radio AM - Canadian Broadcasting Corporation

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 20 17 - 16 - 14 - 14 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 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 48,019 0 n/a 0 n/a 0 n/a -6,903 n/a n/a
Parliamentary Appropriation 71,651,517 57,261,872 -20.08 51,989,457 -9.21 47,948,556 -7.77 50,056,381 4.40 -8.6
Other Revenue 1,500,525 1,129,476 -24.73 1,016,268 -10.02 1,037,454 2.08 1,097,346 5.77 -7.5
Total Revenue 73,200,061 58,391,348 -20.23 53,005,725 -9.22 48,986,010 -7.58 51,146,824 4.41 -8.6

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 48,713,063 39,759,009 -18.38 35,571,741 -10.53 33,281,620 -6.44 35,627,390 7.05 -7.5
Technical 7,203,888 5,181,199 -28.08 4,970,764 -4.06 4,530,420 -8.86 3,772,498 -16.73 -14.9
Sales and Promotion 2,645,222 2,416,500 -8.65 2,744,241 13.56 1,885,459 -31.29 1,944,124 3.11 -7.4
Administration and General 8,903,863 6,947,159 -21.98 7,271,438 4.67 6,650,261 -8.54 4,980,465 -25.11 -13.5
Total Expenses 67,466,036 54,303,867 -19.51 50,558,184 -6.90 46,347,760 -8.33 46,324,477 -0.05 -9.0

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 5,734,025 4,087,481 - 2,447,541 - 2,638,250 - 4,822,347 - -
Depreciation 7,826,068 5,089,292 -34.97 4,575,603 -10.09 4,047,056 -11.55 3,728,080 -7.88 -16.9
Surplus (Deficit) -2,092,043 -1,001,811   -2,128,062   -1,408,806   1,094,267    
Interest Expense 1,079,817 937,595 - 824,758 - 742,055 - 681,000 - -
Adjustments Gain(Loss) 2,295,012 3,166,349 - 159,571 - -686,137 - -1,742,260 - -
Pre-tax Profit -876,848 1,226,943   -2,793,249   -2,836,998   -1,328,993    

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 72.2 73.2 - 70.4 - 71.8 - 76.9 - -
Prog-Prod Expense / Revenue Total 66.5 68.1 - 67.1 - 67.9 - 69.7 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 52,223,778 42,037,389 -19.51 39,080,589 -7.03 35,834,411 -8.31 36,777,928 2.63 -8.4
Total Staff Count 561.2 443.5 -20.98 388.8 -12.33 358.8 -7.73 361.6 0.78 -
Avg Remuneration ($) 93,054 94,794 1.87 100,516 6.04 99,884 -0.63 101,720 1.84 2.3
Remuneration/Expense Total (%) 77.4 77.4 - 77.3 - 77.3 - 79.4 2.30 -

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 7.8 7.0 - 4.6 - 5.4 - 9.4 - -
Pre-tax Margin -1.2 2.1 - -5.3 - -5.8 - -2.6 - -

CAGR = Compound Annual Growth Rate

Var = Variation

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