Designated Markets - Radio AM / FM - Winnipeg

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 15 15 - 15 - 15 - 15 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 34,031,171 32,747,055 -3.77 33,031,781 0.87 33,948,164 2.77 30,116,634 -11.29 -3.0
National Time Sales 7,364,136 8,365,790 13.60 7,799,029 -6.77 8,203,402 5.18 7,289,807 -11.14 -0.3
Syndication-Production 26,723 0 n/a 30,300 n/a 132,556 337.48 202,992 53.14 66.0
Government/Corporate Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 1,338,618 694,006 -48.16 663,783 -4.35 738,293 11.23 581,121 -21.29 -18.8
Total Revenue 42,760,648 41,806,851 -2.23 41,524,893 -0.67 43,022,415 3.61 38,190,554 -11.23 -2.8

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 13,005,079 13,357,971 2.71 15,331,503 14.77 15,748,428 2.72 15,161,491 -3.73 3.9
Technical 1,300,579 1,274,577 -2.00 1,432,896 12.42 1,559,471 8.83 1,465,321 -6.04 3.0
Sales and Promotion 10,871,726 10,289,051 -5.36 10,229,339 -0.58 11,073,339 8.25 9,084,174 -17.96 -4.4
Administration and General 7,640,193 7,630,174 -0.13 7,930,100 3.93 7,481,675 -5.65 7,129,134 -4.71 -1.7
Total Expenses 32,817,577 32,551,773 -0.81 34,923,838 7.29 35,862,913 2.69 32,840,120 -8.43 0.0

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 9,943,071 9,255,078 - 6,601,055 - 7,159,502 - 5,350,434 - -
Depreciation 1,412,529 1,237,484 -12.39 1,415,317 14.37 1,330,268 -6.01 1,392,767 4.70 -0.4
P.B.I.T. 8,530,542 8,017,594 - 5,185,738 - 5,829,234 - 3,957,667 - -
Interest Expense -9,211 84,202 - 200,434 - 140,003 - -24,881 - -
Adjustments Gain(Loss) 5,630,095 2,417,061 - 7,184,635 - 4,071,406 - 24,919,569 - -
Pre-tax Profit 14,169,848 10,350,453 - 12,169,939 - 9,760,637 - 28,902,117 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 39.6 41.0 - 43.9 - 43.9 - 46.2 - -
Prog-Prod Expense / Revenue Total 30.4 32.0 - 36.9 - 36.6 - 39.7 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 17,527,839 17,771,173 1.39 18,536,807 4.31 18,263,744 -1.47 17,284,326 -5.36 -0.4
Total Staff Count 273.5 263.7 -3.58 276.8 4.97 270.5 -2.28 231.4 -14.46 -
Avg Remuneration ($) 64,082 67,387 5.16 66,959 -0.64 67,511 0.83 74,695 10.64 3.9
Avg Remuneration excl. Benefits ($) 56,329 59,141 4.99 61,046 3.22 60,992 -0.09 67,460 10.60 4.6

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 23.3 22.1 - 15.9 - 16.6 - 14.0 - -
P.B.I.T. Margin 19.9 19.2 - 12.5 - 13.5 - 10.4 - -
Pre-tax Margin 33.1 24.8 - 29.3 - 22.7 - 75.7 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: