Designated Markets - Radio AM / FM - St. John's

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 11,791,185 11,766,153 -0.21 12,003,834 2.02 12,129,867 1.05 12,329,185 1.64 1.1
National Time Sales 2,759,306 2,714,474 -1.62 2,722,574 0.30 2,685,054 -1.38 2,470,580 -7.99 -2.7
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 0 0 n/a 0 n/a 0 n/a 548 n/a n/a
Total Revenue 14,550,491 14,480,627 -0.48 14,726,408 1.70 14,814,921 0.60 14,800,313 -0.10 0.4

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 4,595,659 4,752,123 3.40 4,486,800 -5.58 4,208,092 -6.21 4,195,034 -0.31 -2.3
Technical 934,643 846,997 -9.38 871,202 2.86 893,023 2.50 860,455 -3.65 -2.1
Sales and Promotion 3,820,870 3,485,258 -8.78 3,517,702 0.93 3,179,254 -9.62 3,028,471 -4.74 -5.6
Administration and General 4,618,712 4,444,763 -3.77 5,099,739 14.74 5,348,755 4.88 5,735,266 7.23 5.6
Total Expenses 13,969,884 13,529,141 -3.15 13,975,443 3.30 13,629,124 -2.48 13,819,226 1.39 -0.3

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 580,607 951,486 - 750,965 - 1,185,797 - 981,087 - -
Depreciation 424,574 454,806 7.12 459,680 1.07 492,560 7.15 499,896 1.49 4.2
P.B.I.T. 156,033 496,680 - 291,285 - 693,237 - 481,191 - -
Interest Expense 466,307 335,088 - 553,805 - 639,185 - 406,559 - -
Adjustments Gain(Loss) 776,447 763,209 - 978,246 - 1,135,413 - 1,101,974 - -
Pre-tax Profit 466,173 924,801 - 715,726 - 1,189,465 - 1,176,606 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 32.9 35.1 - 32.1 - 30.9 - 30.4 - -
Prog-Prod Expense / Revenue Total 31.6 32.8 - 30.5 - 28.4 - 28.3 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 7,354,457 7,285,193 -0.94 7,845,520 7.69 7,878,159 0.42 7,956,114 0.99 2.0
Total Staff Count 124.5 121.8 -2.21 128.8 5.75 116.3 -9.69 120.9 3.95 -
Avg Remuneration ($) 59,072 59,837 1.30 60,936 1.84 67,752 11.18 65,824 -2.85 2.7
Avg Remuneration excl. Benefits ($) 51,044 51,557 1.00 53,482 3.73 59,885 11.97 58,173 -2.86 3.3

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 4.0 6.6 - 5.1 - 8.0 - 6.6 - -
P.B.I.T. Margin 1.1 3.4 - 2.0 - 4.7 - 3.3 - -
Pre-tax Margin 3.2 6.4 - 4.9 - 8.0 - 7.9 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: