Financial Summary (Private television) - Ontario

Table of Contents

Reporting Units
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Reporting Units 25 25   24   24   24    

Revenue
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Local Time Sales 99,824,347 105,342,927 5.53 106,616,492 1.21 100,993,110 -5.27 95,403,338 -5.53 -1.1
National Time Sales 746,235,512 750,366,941 0.55 693,780,479 -7.54 665,109,219 -4.13 628,651,949 -5.48 -4.2
Network Payments 1,465,703 1,465,703 0.00 1,465,000 -0.05 1,465,000 0.00 1,465,000 0.00 0.0
Infomercials 5,812,574 5,685,502 -2.19 4,640,575 -18.38 5,718,024 23.22 6,769,705 18.39 3.9
Syndication-Production 2,447,881 2,740,464 11.95 2,980,674 8.77 3,662,187 22.86 3,307,088 -9.70 7.8
Local Prog. Improvement Fund (LPIF) 19,931,446 19,941,447 0.05 20,118,375 0.89 13,037,543 -35.20 6,786,080 -47.95 -23.6
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 40,711,130 33,538,356 -17.62 36,261,749 8.12 38,295,663 5.61 37,484,761 -2.12 -2.0
Total Revenue 916,428,593 919,081,340 0.29 865,863,344 -5.79 828,280,746 -4.34 779,867,921 -5.84 -4.0

Expenses
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Program and Production 675,593,730 592,762,585 -12.26 643,622,807 8.58 617,924,551 -3.99 620,206,984 0.37 -2.1
Technical 33,876,911 33,366,799 -1.51 29,187,634 -12.52 29,183,313 -0.01 29,224,896 0.14 -3.6
Sales and Promotion 94,108,580 90,640,557 -3.69 83,986,683 -7.34 68,370,454 -18.59 73,460,554 7.44 -6.0
Administration and General 79,954,139 88,086,911 10.17 72,265,784 -17.96 75,830,332 4.93 70,984,947 -6.39 -2.9
Total Expenses 883,533,360 804,856,852 -8.90 829,062,908 3.01 791,308,650 -4.55 793,877,381 0.32 -2.6
Operating Income 32,895,233 114,224,488   36,800,436   36,972,096   -14,009,460    
Depreciation 44,194,364 46,216,825 4.58 47,600,883 2.99 47,696,246 0.20 51,270,515 7.49 3.8
P.B.I.T. -11,299,131 68,007,663   -10,800,447   -10,724,150   -65,279,975    
Interest Expense 8,512,185 3,245,321 -61.87 2,746,025 -15.39 4,526,712 64.85 4,751,593 4.97  
Adjustments Gain(Loss) -4,377,556 -2,268,087   -8,124,663   -26,042,747   -52,630,380    
Pre-tax Profit -24,188,872 62,494,255   -21,671,135   -41,293,609   -122,661,948    

Program and Production (%)
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Percentage of Total Expenses 76.5 73.6   77.6   78.1   78.1    
Percentage of Total Revenue 73.7 64.5   74.3   74.6   79.5    

Staff
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Total Remuneration ($) 182,313,372 184,282,520 1.08 193,241,948 4.86 187,772,231 -2.83 194,443,850 3.55 1.6
Total Staff Count 2,055.3 2,135.5 3.90 2,151.9 0.77 2,028.5 -5.73 2,041.0 0.61  
Avg Remuneration ($) 88,704 86,295 -2.72 89,799 4.06 92,566 3.08 95,271 2.92 1.8
Avg Remuneration excl. Benefits ($) 80,092 76,302 -4.73 79,753 4.52 81,706 2.45 84,004 2.81 1.2

Profitability (%)
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Operating Margin 3.6 12.4   4.3   4.5   -1.8    
P.B.I.T. Margin -1.2 7.4   -1.2   -1.3   -8.4    
Pre-tax Margin -2.6 6.8   -2.5   -5.0   -15.7    
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