Canadian Broadcasting Corporation - Financial Summary - Canada

Conventional Television - Financial Summary 2011-2015

Table of Contents

Reporting Units
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 27 27 27 27 27

Revenue ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Time Sales 369,631,642 372,694,081 0.83 331,123,583 -11.15 474,647,280 43.34 220,058,107 -53.64 -12.2
Syndication-Production 49,850,459 50,024,167 0.35 53,765,138 7.48 67,676,001 25.87 89,360,588 32.04 15.7
Local Programming Improvement Fund 40,688,566 47,158,790 15.90 34,835,830 -26.13 17,562,628 -49.58 n/a n/a
Gov. Grants & Parliamentary Appropriation 839,156,385 861,381,118 2.65 783,201,049 -9.08 726,001,841 -7.30 757,934,083 4.40 -2.5
Other Revenue 39,513,707 37,904,420 -4.07 43,999,507 16.08 42,222,342 -4.04 39,882,907 -5.54 0.2
Total Revenue 1,338,840,759 1,369,162,576 2.26 1,246,925,107 -8.93 1,328,110,092 6.51 1,107,235,685 -16.63 -4.6

Expenses ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 854,768,102 886,753,833 3.74 821,553,788 -7.35 897,932,051 9.30 687,293,380 -23.46 -5.3
Technical 115,284,006 108,861,737 -5.57 106,861,277 -1.84 104,090,478 -2.59 97,699,158 -6.14 -4.1
Sales and Promotion 120,355,058 119,145,876 -1.00 108,973,207 -8.54 110,540,347 1.44 101,866,421 -7.85 -4.1
Administration and General 147,639,127 143,151,258 -3.04 128,839,384 -10.00 136,806,554 6.18 136,345,490 -0.34 -2.0
Total Expenses 1,238,046,293 1,257,912,704 1.60 1,166,227,656 -7.29 1,249,369,430 7.13 1,023,204,449 -18.10 -4.7
Operating Income 100,794,466 111,249,872 80,697,451 78,740,662 84,031,236
Depreciation 120,550,472 141,605,011 17.47 108,574,591 -23.33 102,410,811 -5.68 94,937,224 -7.30 -5.8
Surplus (Deficit) -19,756,006 -30,355,139 -27,877,140 -23,670,149 -10,905,988
Interest Expense 21,562,849 21,640,609 0.36 20,317,732 -6.11 19,253,829 -5.24 18,005,052 -6.49
Adjustments Gain(Loss) 32,576,900 41,525,944 64,976,407 3,845,533 -15,934,071
Pre-tax Profit -8,741,955 -10,469,804 16,781,535 -39,078,445 -44,845,111

Programming (%)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 69.0 70.5 70.4 71.9 67.2
Prog Expense/Revenue Total 63.8 64.8 65.9 67.6 62.1

Staff
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 581,677,266 606,616,773 4.29 599,752,653 -1.13 581,299,831 -3.08 523,221,744 -9.99 -2.6
Avg Staff Count 6,213.7 6,319.8 1.71 6,136.9 -2.89 5,842.7 -4.80 5,204.7 -10.92
Avg Remuneration ($) 93,612 95,987 2.54 97,728 1.81 99,492 1.81 100,528 1.04 1.8
Remuneration/Expense Total (%) 47.0 48.2 51.4 46.5 51.1

Profitability (%)
($)Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 7.5 8.1 6.5 5.9 7.6
Pre-tax Margin -0.7 -0.8 1.3 -2.9 -4.1

CAGR = Compound Annual Growth Rate

Var = Variation

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