Canadian Broadcasting Corporation - Financial Summary - Atlantic

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 5 5 5 5 5

Revenue ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Time Sales 7,431,472 7,530,999 1.34 6,723,201 -10.73 7,221,132 7.41 6,568,009 -9.04 -3.0
Syndication-Production 1,731,745 2,563,707 48.04 1,532,153 -40.24 1,670,405 9.02 1,501,757 -10.10 -3.5
Local Programming Improvement Fund 14,345,521 16,016,618 11.65 13,011,800 -18.76 6,652,545 -48.87 n/a n/a
Gov. Grants & Parliamentary Appropriation 40,586,270 48,784,491 20.20 54,679,537 12.08 52,074,164 -4.76 47,594,759 -8.60 4.1
Other Revenue 1,468,711 1,422,186 -3.17 1,507,900 6.03 1,155,994 -23.34 1,289,099 11.51 -3.2
Total Revenue 65,563,719 76,318,001 16.40 77,454,591 1.49 68,774,240 -11.21 56,953,624 -17.19 -3.5

Expenses ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 43,546,060 53,607,708 23.11 54,423,268 1.52 49,903,722 -8.30 36,558,996 -26.74 -4.3
Technical 6,297,534 5,149,431 -18.23 5,448,393 5.81 4,674,717 -14.20 4,824,101 3.20 -6.5
Sales and Promotion 3,177,342 2,983,856 -6.09 3,641,376 22.04 3,080,713 -15.40 4,212,638 36.74 7.3
Administration and General 7,622,084 8,016,645 5.18 8,552,742 6.69 7,526,025 -12.00 7,368,267 -2.10 -0.8
Total Expenses 60,643,020 69,757,640 15.03 72,065,779 3.31 65,185,177 -9.55 52,964,002 -18.75 -3.3
Operating Income 4,920,699 6,560,361 5,388,812 3,589,063 3,989,622
Depreciation 5,880,806 7,813,572 32.87 6,723,190 -13.95 5,272,085 -21.58 5,006,214 -5.04 -4.0
Surplus (Deficit) -960,107 -1,253,211 -1,334,378 -1,683,022 -1,016,592
Interest Expense 1,051,899 1,681,216 59.83 1,636,054 -2.69 1,349,876 -17.49 954,619 -29.28
Adjustments Gain(Loss) 1,589,195 2,291,348 4,142,043 190,142 -844,855
Pre-tax Profit -422,811 -643,079 1,171,611 -2,842,756 -2,816,066

Programming (%)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 71.8 76.8 75.5 76.6 69.0
Prog Expense/Revenue Total 66.4 70.2 70.3 72.6 64.2

Staff
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 41,452,642 42,824,950 3.31 44,270,788 3.38 38,498,266 -13.04 37,631,796 -2.25 -2.4
Avg Staff Count 441.4 443.7 0.51 452.4 1.97 395.3 -12.62 385.2 -2.57
Avg Remuneration ($) 93,910 96,524 2.78 97,853 1.38 97,380 -0.48 97,702 0.33 1.0
Remuneration/Expense Total (%) 68.4 61.4 61.4 59.1 71.1

Profitability (%)
($)Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 7.5 8.6 7.0 5.2 7.0
Pre-tax Margin -0.6 -0.8 1.5 -4.1 -4.9

CAGR = Compound Annual Growth Rate

Var = Variation

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