Financial Summary (Private television) - British Columbia and Territories

Table of Contents

Reporting Units
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Reporting Units 12 12   12   12   12    

Revenue
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Local Time Sales 54,320,580 55,742,346 2.62 54,609,715 -2.03 55,283,884 1.23 46,138,943 -16.54 -4.0
National Time Sales 206,310,637 213,079,120 3.28 184,251,070 -13.53 174,748,475 -5.16 153,110,102 -12.38 -7.2
Network Payments 3,864 0 -100.00 0 n/a 0 n/a 0 n/a n/a
Infomercials 1,689,721 1,983,514 17.39 2,014,886 1.58 2,121,911 5.31 2,140,895 0.89 6.1
Syndication-Production 1,680,935 1,139,082 -32.24 1,110,979 -2.47 1,289,718 16.09 1,300,326 0.82 -6.2
Local Prog. Improvement Fund (LPIF) 9,930,802 9,329,391 -6.06 8,562,109 -8.22 4,787,581 -44.08 2,794,107 -41.64 -27.2
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 13,161,771 13,751,464 4.48 14,804,154 7.66 15,086,462 1.91 15,443,851 2.37 4.1
Total Revenue 287,098,310 295,024,917 2.76 265,352,913 -10.06 253,318,031 -4.54 220,928,224 -12.79 -6.3

Expenses
($) Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Program and Production 215,208,288 193,725,972 -9.98 197,992,782 2.20 195,875,352 -1.07 192,440,937 -1.75 -2.8
Technical 9,899,687 9,538,352 -3.65 10,198,554 6.92 8,905,939 -12.67 8,549,874 -4.00 -3.6
Sales and Promotion 33,124,623 30,368,481 -8.32 27,093,220 -10.79 21,589,405 -20.31 19,633,428 -9.06 -12.3
Administration and General 26,562,880 30,643,139 15.36 21,995,198 -28.22 24,805,592 12.78 24,311,315 -1.99 -2.2
Total Expenses 284,795,478 264,275,944 -7.21 257,279,754 -2.65 251,176,288 -2.37 244,935,554 -2.48 -3.7
Operating Income 2,302,832 30,748,973   8,073,159   2,141,743   -24,007,330    
Depreciation 11,624,901 11,735,675 0.95 8,888,981 -24.26 8,007,456 -9.92 7,386,159 -7.76 -10.7
P.B.I.T. -9,322,069 19,013,298   -815,822   -5,865,713   -31,393,489    
Interest Expense 2,871,258 422,299 -85.29 517,158 22.46 389,033 -24.77 610,567 56.94  
Adjustments Gain(Loss) -15,537,727 -44,132   -5,454,546   -11,998,372   -8,524,576    
Pre-tax Profit -27,731,054 18,546,867   -6,787,526   -18,253,118   -40,528,632    

Program and Production (%)
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Percentage of Total Expenses 75.6 73.3   77.0   78.0   78.6    
Percentage of Total Revenue 75.0 65.7   74.6   77.3   87.1    

Staff
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Total Remuneration ($) 75,555,569 80,084,256 5.99 76,595,720 -4.36 76,191,136 -0.53 73,050,636 -4.12 -0.8
Total Staff Count 850.1 855.8 0.67 875.0 2.24 835.5 -4.52 793.7 -5.00  
Avg Remuneration ($) 88,874 93,578 5.29 87,537 -6.46 91,192 4.18 92,038 0.93 0.9
Avg Remuneration excl. Benefits ($) 80,135 83,452 4.14 78,406 -6.05 80,727 2.96 81,142 0.52 0.3

Profitability (%)
($)Fiscal Year 2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR
(%)
Operating Margin 0.8 10.4   3.0   0.8   -10.9    
P.B.I.T. Margin -3.2 6.4   -0.3   -2.3   -14.2    
Pre-tax Margin -9.7 6.3   -2.6   -7.2   -18.3    
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