Financial Summary (Basic and Non Basic Services) - Cable & IPTV – Ontario

Table of Contents

Revenue
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%) - 5 yr
Subscription 2,060,442 2,133,712 3.56 2,168,729 1.64 2,198,918 1.39 2,204,008 0.23 1.7
Connection 13,744 13,264 -3.49 13,346 0.62 7,999 -40.06 8,782 9.79 -10.6
Community Channel Sponsorship & Facilities Rental 2,160 2,080 -3.71 1,755 -15.63 1,206 -31.27 1,175 -2.59 -14.1
Other 158,253 179,937 13.70 193,165 7.35 199,580 3.32 185,907 -6.85 4.1
Total Revenue 2,234,599 2,328,992 4.22 2,376,996 2.06 2,407,703 1.29 2,399,872 -0.33 1.8

Expenses
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Community Programming 46,223 45,588 -1.37 48,065 5.43 55,318 15.09 56,123 1.46 5.0
Affiliation Payments 706,527 768,748 8.81 783,183 1.88 802,901 2.52 857,692 6.82 5.0
Technical 328,202 337,845 2.94 346,911 2.68 313,807 -9.54 320,139 2.02 -0.6
Sales and Promotion 146,601 133,010 -9.27 143,886 8.18 153,441 6.64 188,763 23.02 6.5
Administration and General 387,172 388,305 0.29 434,486 11.89 394,549 -9.19 415,389 5.28 1.8
Total Expenses 1,614,725 1,673,496 3.64 1,756,531 4.96 1,720,016 -2.08 1,838,106 6.87 3.3
Operating Income 619,874 655,496   620,465   687,687   561,766    
Local Programming Improvement Fund (LPIF) 31,056 29,748 -4.21 30,290 1.82 20,542 -32.18 11,707 -43.01 -21.6

Staff
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 537,967 520,806 -3.19 517,549 -0.63 556,199 7.47 589,583 6.00 2.3
Total Staff Count 6,891 6,589 -4.39 6,182 -6.17 6,549 5.94 6,557 0.11  
Avg Remuneration ($) 78,065 79,047 1.26 83,719 5.91 84,927 1.44 89,923 5.88 3.6
Avg Remuneration excl. Benefits ($) 66,755 66,460 -0.44 70,155 5.56 70,299 0.21 75,595 7.53 3.2

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Direct Subscribers 2,701,528 2,749,035 1.76 2,745,743 -0.12 2,760,381 0.53 2,689,557 -2.57 -0.1
Indirect Subscribers 225,170 209,598 -6.92 208,152 -0.69 208,940 0.38 212,206 1.56 -1.5
Total Subscribers 2,926,698 2,958,633 1.09 2,953,895 -0.16 2,969,321 0.52 2,901,763 -2.28 -0.2

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 27.7 28.1   26.1   28.6   23.4    
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