Radio AM / FM - Canadian Broadcasting Corporation - Quebec

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 16 18 - 18 - 14 - 13 - -

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 144,753 n/a 164,979 13.97 176,024 6.69 n/a
Syndication-Production 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Parliamentary Appropriation 111,726,107 102,997,704 -7.81 93,111,910 -9.60 91,559,286 -1.67 93,071,124 1.65 -4.5
Other Revenue 3,588,886 3,332,878 -7.13 3,125,998 -6.21 2,202,379 -29.55 2,320,532 5.36 -10.3
Total Revenue 115,314,993 106,330,582 -7.79 96,382,661 -9.36 93,926,644 -2.55 95,567,680 1.75 -4.6

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 81,724,972 76,474,899 -6.42 71,069,553 -7.07 68,026,818 -4.28 68,029,581 0.00 -4.5
Technical 9,784,095 8,472,622 -13.40 7,257,584 -14.34 6,969,816 -3.97 7,787,734 11.74 -5.6
Sales and Promotion 3,546,988 2,796,234 -21.17 3,018,199 7.94 2,696,813 -10.65 2,250,043 -16.57 -10.8
Administration and General 12,031,939 11,010,641 -8.49 10,870,215 -1.28 11,278,380 3.75 8,061,110 -28.53 -9.5
Total Expenses 107,087,994 98,754,396 -7.78 92,215,551 -6.62 88,971,827 -3.52 86,128,468 -3.20 -5.3

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 8,226,999 7,576,186 - 4,167,110 - 4,954,817 - 9,439,212 - -
Depreciation 11,432,572 8,641,568 -24.41 8,051,073 -6.83 7,658,210 -4.88 7,264,426 -5.14 -10.7
Surplus (Deficit) -3,205,573 -1,065,382   -3,883,963   -2,703,393   2,174,786    
Interest Expense 1,514,323 1,573,873 - 1,449,613 - 1,446,219 - 1,345,618 - -
Adjustments Gain(Loss) 3,352,626 4,846,172 - 330,928 - -1,267,727 - -3,300,194 - -
Pre-tax Profit -1,367,270 2,206,917   -5,002,648   -5,417,339   -2,471,026    

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 76.3 77.4 - 77.1 - 76.5 - 79.0 - -
Prog-Prod Expense / Revenue Total 70.9 71.9 - 73.7 - 72.4 - 71.2 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 80,898,377 75,603,362 -6.55 70,780,354 -6.38 67,592,661 -4.50 67,137,472 -0.67 -4.6
Total Staff Count 801.7 746.9 -6.84 697.5 -6.61 655.6 -6.00 638.7 -2.58 -
Avg Remuneration ($) 100,906 101,228 0.32 101,482 0.25 103,096 1.59 105,114 1.96 1.0
Remuneration/Expense Total (%) 75.5 76.6 - 76.8 - 76.0 - 78.0 6.46 -

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 7.1 7.1 - 4.3 - 5.3 - 9.9 - -
Pre-tax Margin -1.2 2.1 - -5.2 - -5.8 - -2.6 - -

CAGR = Compound Annual Growth Rate

Var = Variation

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