Radio FM - 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 58 64 - 66 - 55 - 53 - -

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 1,073,924 n/a 1,365,871 27.19 1,057,139 -22.60 n/a
Syndication-Production 904,017 1,087,394 20.28 1,327,821 22.11 1,816,056 36.77 1,690,724 -6.90 16.9
Parliamentary Appropriation 244,856,203 238,261,589 -2.69 225,320,704 -5.43 218,931,361 -2.84 230,905,270 5.47 -1.5
Other Revenue 6,931,968 7,015,792 1.21 6,907,371 -1.55 5,442,555 -21.21 5,894,007 8.29 -4.0
Total Revenue 252,692,188 246,364,775 -2.50 234,629,820 -4.76 227,555,843 -3.01 239,547,140 5.27 -1.3

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 178,418,394 176,294,729 -1.19 170,917,887 -3.05 162,722,538 -4.79 167,951,676 3.21 -1.5
Technical 19,309,254 16,958,057 -12.18 16,702,509 -1.51 15,486,400 -7.28 17,162,873 10.83 -2.9
Sales and Promotion 8,454,821 8,903,754 5.31 8,886,847 -0.19 9,496,703 6.86 9,260,246 -2.49 2.3
Administration and General 27,795,461 26,863,834 -3.35 27,642,020 2.90 27,799,366 0.57 22,448,131 -19.25 -5.2
Total Expenses 233,977,930 229,020,374 -2.12 224,149,263 -2.13 215,505,007 -3.86 216,822,926 0.61 -1.9

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 18,714,258 17,344,401 - 10,480,557 - 12,050,836 - 22,724,214 - -
Depreciation 25,735,915 20,644,124 -19.78 19,709,435 -4.53 18,463,391 -6.32 17,539,779 -5.00 -9.1
Surplus (Deficit) -7,021,657 -3,299,723   -9,228,878   -6,412,555   5,184,435    
Interest Expense 3,521,927 3,872,527 - 3,623,473 - 3,445,589 - 3,228,023 - -
Adjustments Gain(Loss) 7,547,109 12,277,448 - 746,489 - -3,095,488 - -8,086,919 - -
Pre-tax Profit -2,996,475 5,105,198   -12,105,862   -12,953,632   -6,130,507    

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 76.3 77.0 - 76.3 - 75.5 - 77.5 - -
Prog-Prod Expense / Revenue Total 70.6 71.6 - 72.8 - 71.5 - 70.1 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 170,876,508 171,477,360 0.35 168,598,443 -1.68 159,874,949 -5.17 163,371,909 2.19 -1.1
Total Staff Count 1,743.7 1,734.7 -0.51 1,655.4 -4.57 1,539.4 -7.01 1,550.0 0.69 -
Avg Remuneration ($) 97,998 98,851 0.87 101,846 3.03 103,857 1.97 105,403 1.49 1.8
Remuneration/Expense Total (%) 73.0 74.9 - 75.2 - 74.2 - 75.3 3.87 -

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 7.4 7.0 - 4.5 - 5.3 - 9.5 - -
Pre-tax Margin -1.2 2.1 - -5.2 - -5.7 - -2.6 - -

CAGR = Compound Annual Growth Rate

Var = Variation

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