Canadian Broadcasting Corporation - Financial Summary - Québec

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 7 7 7 7 7

Revenue ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Time Sales 134,259,100 137,002,905 2.04 137,870,840 0.63 150,431,844 9.11 115,524,588 -23.20 -3.7
Syndication-Production 22,127,354 22,562,251 1.97 24,496,085 8.57 24,769,908 1.12 25,374,821 2.44 3.5
Local Programming Improvement Fund 8,297,607 9,034,849 8.88 6,319,305 -30.06 3,271,624 -48.23 n/a n/a
Gov. Grants & Parliamentary Appropriation 317,328,248 320,203,971 0.91 293,050,118 -8.48 286,477,560 -2.24 287,216,662 0.26 -2.5
Other Revenue 17,631,766 15,592,238 -11.57 15,663,609 0.46 16,591,330 5.92 17,121,962 3.20 -0.7
Total Revenue 499,644,075 504,396,214 0.95 477,399,957 -5.35 481,542,266 0.87 445,238,033 -7.54 -2.8

Expenses ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 310,506,667 315,732,068 1.68 310,864,761 -1.54 313,375,471 0.81 276,201,810 -11.86 -2.9
Technical 56,518,797 52,958,611 -6.30 51,052,192 -3.60 48,311,057 -5.37 46,160,346 -4.45 -4.9
Sales and Promotion 38,771,476 38,770,842 0.00 37,296,374 -3.80 41,236,460 10.56 38,532,145 -6.56 -0.2
Administration and General 55,634,873 54,679,110 -1.72 45,940,992 -15.98 49,455,707 7.65 52,056,266 5.26 -1.7
Total Expenses 461,431,813 462,140,631 0.15 445,154,319 -3.68 452,378,695 1.62 412,950,567 -8.72 -2.7
Operating Income 38,212,262 42,255,583 32,245,638 29,163,571 32,287,466
Depreciation 45,692,748 53,938,610 18.05 41,730,591 -22.63 39,149,580 -6.18 36,381,290 -7.07 -5.5
Surplus (Deficit) -7,480,486 -11,683,027 -9,484,953 -9,986,009 -4,093,824
Interest Expense 8,173,056 8,076,074 -1.19 7,388,304 -8.52 7,045,528 -4.64 6,891,590 -2.18
Adjustments Gain(Loss) 12,347,759 15,817,599 23,152,400 1,633,012 -6,008,496
Pre-tax Profit -3,305,783 -3,941,502 6,279,143 -15,398,525 -16,993,910

Programming (%)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 67.3 68.3 69.8 69.3 66.9
Prog Expense/Revenue Total 62.1 62.6 65.1 65.1 62.0

Staff
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 242,801,675 244,365,527 0.64 239,462,052 -2.01 235,023,713 -1.85 213,660,398 -9.09 -3.2
Avg Staff Count 2,714.6 2,667.3 -1.74 2,552.2 -4.32 2,425.4 -4.97 2,159.5 -10.96
Avg Remuneration ($) 89,445 91,614 2.43 93,827 2.42 96,901 3.28 98,939 2.10 2.6
Remuneration/Expense Total (%) 52.6 52.9 53.8 52.0 51.7

Profitability (%)
($)Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 7.6 8.4 6.8 6.1 7.3
Pre-tax Margin -0.7 -0.8 1.3 -3.2 -3.8

CAGR = Compound Annual Growth Rate

Var = Variation

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