Radio AM / FM - Canadian Broadcasting Corporation - Ontario

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 15 16 - 16 - 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 929,171 n/a 1,200,892 29.24 881,115 -26.63 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 102,772,457 99,070,556 -3.60 94,907,238 -4.20 88,097,459 -7.18 97,402,077 10.56 -1.3
Other Revenue 2,796,825 2,999,670 7.25 3,093,017 3.11 2,400,574 -22.39 2,693,195 12.19 -0.9
Total Revenue 106,473,299 103,157,620 -3.11 100,257,247 -2.81 93,514,981 -6.72 102,667,111 9.79 -0.9

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 74,870,527 73,079,195 -2.39 71,836,695 -1.70 66,025,801 -8.09 69,819,138 5.75 -1.7
Technical 6,904,352 6,009,846 -12.96 6,609,471 9.98 5,400,656 -18.29 6,475,005 19.89 -1.6
Sales and Promotion 4,305,982 5,383,644 25.03 5,150,586 -4.33 5,788,138 12.38 6,234,041 7.70 9.7
Administration and General 12,237,472 11,552,437 -5.60 12,048,151 4.29 11,302,226 -6.19 10,701,835 -5.31 -3.3
Total Expenses 98,318,333 96,025,122 -2.33 95,644,903 -0.40 88,516,821 -7.45 93,230,019 5.32 -1.3

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 8,154,966 7,132,498 - 4,612,344 - 4,998,160 - 9,437,092 - -
Depreciation 11,125,392 8,872,161 -20.25 8,461,825 -4.62 7,539,222 -10.90 7,289,101 -3.32 -10.0
Surplus (Deficit) -2,970,426 -1,739,663   -3,849,481   -2,541,062   2,147,991    
Interest Expense 1,549,816 1,661,368 - 1,548,020 - 1,394,792 - 1,332,819 - -
Adjustments Gain(Loss) 3,262,545 5,523,803 - 298,398 - -1,276,658 - -3,401,187 - -
Pre-tax Profit -1,257,697 2,122,772   -5,099,103   -5,212,512   -2,586,015    

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 76.2 76.1 - 75.1 - 74.6 - 74.9 - -
Prog-Prod Expense / Revenue Total 70.3 70.8 - 71.7 - 70.6 - 68.0 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 68,420,375 69,407,837 1.44 69,880,469 0.68 62,555,388 -10.48 66,050,345 5.59 -0.9
Total Staff Count 708.5 704.3 -0.58 670.6 -4.78 589.0 -12.18 613.9 4.24 -
Avg Remuneration ($) 96,578 98,544 2.04 104,201 5.74 106,210 1.93 107,584 1.29 2.7
Remuneration/Expense Total (%) 69.6 72.3 - 73.1 - 70.7 - 70.8 2.02 -

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 7.7 6.9 - 4.6 - 5.3 - 9.2 - -
Pre-tax Margin -1.2 2.1 - -5.1 - -5.6 - -2.5 - -

CAGR = Compound Annual Growth Rate

Var = Variation

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