Financial Summary (Private television) - Atlantic

Table of Contents

Reporting Units
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Reporting Units 8 8   8   8   8    

Revenue
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Local Time Sales 24,255,627 23,452,536 -3.31 21,927,941 -6.50 23,085,996 5.28 23,068,317 -0.08 -1.3
National Time Sales 51,308,817 46,368,614 -9.63 42,081,279 -9.25 39,812,682 -5.39 38,257,607 -3.91 -7.1
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Infomercials 97,803 125,736 28.56 138,186 9.90 190,813 38.08 246,388 29.13 26.0
Syndication-Production 358,337 164,074 -54.21 135,986 -17.12 309,110 127.31 408,155 32.04 3.3
Local Prog. Improvement Fund (LPIF) 6,626,677 6,636,533 0.15 6,498,742 -2.08 3,757,123 -42.19 2,001,490 -46.73 -25.9
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 0 n/a 320,105 n/a n/a
Other Revenue 2,576,695 3,276,752 27.17 2,863,640 -12.61 2,791,230 -2.53 3,433,552 23.01 7.4
Total Revenue 85,223,956 80,024,245 -6.10 73,645,774 -7.97 69,946,954 -5.02 67,735,614 -3.16 -5.6

Expenses
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Program and Production 70,334,018 58,328,713 -17.07 57,964,260 -0.62 58,426,709 0.80 58,898,989 0.81 -4.3
Technical 4,539,686 4,585,106 1.00 3,833,916 -16.38 3,964,498 3.41 3,689,958 -6.92 -5.1
Sales and Promotion 10,384,464 9,351,670 -9.95 8,009,196 -14.36 8,256,355 3.09 8,014,886 -2.92 -6.3
Administration and General 11,588,002 12,784,162 10.32 9,842,140 -23.01 8,806,914 -10.52 9,211,058 4.59 -5.6
Total Expenses 96,846,170 85,049,651 -12.18 79,649,512 -6.35 79,454,476 -0.24 79,814,891 0.45 -4.7
Operating Income -11,622,214 -5,025,406   -6,003,738   -9,507,522   -12,079,277    
Depreciation 2,629,564 2,728,952 3.78 3,107,401 13.87 3,126,507 0.61 3,109,907 -0.53 4.3
P.B.I.T. -14,251,778 -7,754,358   -9,111,139   -12,634,029   -15,189,184    
Interest Expense 1,742,397 74,108 -95.75 58,690 -20.80 133,034 126.67 147,851 11.14  
Adjustments Gain(Loss) -2,840,362 -183,734   -631,731   1,352,164   -6,421,511    
Pre-tax Profit -18,834,537 -8,012,200   -9,801,560   -11,414,899   -21,758,546    

Program and Production (%)
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Percentage of Total Expenses 72.6 68.6   72.8   73.5   73.8    
Percentage of Total Revenue 82.5 72.9   78.7   83.5   87.0    

Staff
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Total Remuneration ($) 24,311,062 24,857,210 2.25 22,403,580 -9.87 22,827,632 1.89 23,520,616 3.04 -0.8
Total Staff Count 300.6 298.7 -0.63 286.6 -4.07 283.9 -0.94 290.8 2.43  
Avg Remuneration ($) 80,875 83,218 2.90 78,184 -6.05 80,421 2.86 80,894 0.59 0.0
Avg Remuneration excl. Benefits ($) 69,663 71,526 2.67 66,953 -6.39 68,384 2.14 68,650 0.39 -0.4

Profitability (%)
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Operating Margin -13.6 -6.3   -8.2   -13.6   -17.8    
P.B.I.T. Margin -16.7 -9.7   -12.4   -18.1   -22.4    
Pre-tax Margin -22.1 -10.0   -13.3   -16.3   -32.1    
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