Designated Markets - Radio AM / FM - Peterborough

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 6 6 - 6 - 6 - 6 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 6,127,725 5,806,583 -5.24 5,922,149 1.99 5,667,360 -4.30 5,114,916 -9.75 -4.4
National Time Sales 1,272,857 1,280,380 0.59 1,521,352 18.82 1,909,323 25.50 2,178,257 14.09 14.4
Syndication-Production 0 0 n/a 0 n/a 1,737 n/a 46,269 n/a n/a
Government/Corporate Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 308,494 303,114 -1.74 309,369 2.06 291,617 -5.74 287,651 -1.36 -1.7
Total Revenue 7,709,076 7,390,077 -4.14 7,752,870 4.91 7,870,037 1.51 7,627,093 -3.09 -0.3

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 2,273,561 2,229,328 -1.95 2,521,126 13.09 2,453,017 -2.70 2,064,472 -15.84 -2.4
Technical 148,746 232,483 56.30 216,774 -6.76 211,352 -2.50 242,332 14.66 13.0
Sales and Promotion 2,867,823 2,724,885 -4.98 2,930,100 7.53 2,832,217 -3.34 2,409,662 -14.92 -4.3
Administration and General 1,336,821 1,406,302 5.20 1,494,392 6.26 1,613,995 8.00 1,404,397 -12.99 1.2
Total Expenses 6,626,951 6,592,998 -0.51 7,162,392 8.64 7,110,581 -0.72 6,120,863 -13.92 -2.0

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 1,082,125 797,079 - 590,478 - 759,456 - 1,506,230 - -
Depreciation 344,093 249,878 -27.38 289,757 15.96 293,794 1.39 312,823 6.48 -2.4
P.B.I.T. 738,032 547,201 - 300,721 - 465,662 - 1,193,407 - -
Interest Expense 31,350 28,800 - 54,265 - 42,611 - 41,909 - -
Adjustments Gain(Loss) -469,918 -1,697,960 - 42,178 - -213,300 - -278,844 - -
Pre-tax Profit 236,764 -1,179,559 - 288,634 - 209,751 - 872,654 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 34.3 33.8 - 35.2 - 34.5 - 33.7 - -
Prog-Prod Expense / Revenue Total 29.5 30.2 - 32.5 - 31.2 - 27.1 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,482,564 3,355,254 -3.66 3,822,979 13.94 3,659,655 -4.27 3,062,983 -16.30 -3.2
Total Staff Count 59.9 59.1 -1.32 63.6 7.69 56.1 -11.73 48.8 -13.11 -
Avg Remuneration ($) 58,188 56,811 -2.37 60,110 5.81 65,188 8.45 62,792 -3.68 1.9
Avg Remuneration excl. Benefits ($) 51,106 49,423 -3.29 52,621 6.47 56,670 7.69 53,720 -5.20 1.3

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 14.0 10.8 - 7.6 - 9.6 - 19.7 - -
P.B.I.T. Margin 9.6 7.4 - 3.9 - 5.9 - 15.6 - -
Pre-tax Margin 3.1 -16.0 - 3.7 - 2.7 - 11.4 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

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