Designated Markets - Radio AM / FM - Moncton

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 7 7 - 7 - 7 - 7 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 7,210,331 6,938,717 -3.77 6,949,025 0.15 6,782,839 -2.39 6,858,356 1.11 -1.2
National Time Sales 2,450,410 2,808,518 14.61 2,688,997 -4.26 2,383,789 -11.35 2,408,685 1.04 -0.4
Syndication-Production 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Government/Corporate Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 9,437 1,235 -86.91 0 n/a 0 n/a 150 n/a -64.5
Total Revenue 9,670,178 9,748,470 0.81 9,638,022 -1.13 9,166,628 -4.89 9,267,191 1.10 -1.1

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 2,423,358 2,542,482 4.92 2,328,567 -8.41 2,192,319 -5.85 2,135,968 -2.57 -3.1
Technical 332,486 375,383 12.90 354,812 -5.48 339,461 -4.33 346,762 2.15 1.1
Sales and Promotion 1,889,981 1,826,465 -3.36 1,921,159 5.18 1,911,134 -0.52 1,852,625 -3.06 -0.5
Administration and General 2,595,169 2,371,300 -8.63 2,415,993 1.88 2,438,213 0.92 2,517,908 3.27 -0.8
Total Expenses 7,240,994 7,115,630 -1.73 7,020,531 -1.34 6,881,127 -1.99 6,853,263 -0.40 -1.4

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 2,429,184 2,632,840 - 2,617,491 - 2,285,501 - 2,413,928 - -
Depreciation 205,455 193,119 -6.00 157,655 -18.36 244,102 54.83 258,578 5.93 5.9
P.B.I.T. 2,223,729 2,439,721 - 2,459,836 - 2,041,399 - 2,155,350 - -
Interest Expense 136,798 99,133 - 172,534 - 195,099 - 137,456 - -
Adjustments Gain(Loss) 64,268 76,173 - 55,826 - 31,191 - 26,272 - -
Pre-tax Profit 2,151,199 2,416,761 - 2,343,128 - 1,877,491 - 2,044,166 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 33.5 35.7 - 33.2 - 31.9 - 31.2 - -
Prog-Prod Expense / Revenue Total 25.1 26.1 - 24.2 - 23.9 - 23.0 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,476,691 3,428,397 -1.39 3,362,901 -1.91 3,448,909 2.56 3,398,783 -1.45 -0.6
Total Staff Count 80.0 76.7 -4.20 82.3 7.30 68.0 -17.35 67.4 -0.96 -
Avg Remuneration ($) 43,442 44,716 2.93 40,876 -8.59 50,719 24.08 50,464 -0.50 3.8
Avg Remuneration excl. Benefits ($) 38,027 39,100 2.82 36,032 -7.85 44,424 23.29 44,800 0.85 4.2

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 25.1 27.0 - 27.2 - 24.9 - 26.0 - -
P.B.I.T. Margin 23.0 25.0 - 25.5 - 22.3 - 23.3 - -
Pre-tax Margin 22.2 24.8 - 24.3 - 20.5 - 22.1 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: