Canadian Broadcasting Corporation - Financial Summary - Ontario

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 205,235,064 206,437,177 0.59 169,298,097 -17.99 297,153,398 75.52 80,949,455 -72.76 -20.8
Syndication-Production 25,364,085 24,404,870 -3.78 26,934,260 10.36 40,360,558 49.85 61,481,403 52.33 24.8
Local Programming Improvement Fund 6,069,158 6,969,021 14.83 4,535,685 -34.92 2,240,950 -50.59 n/a n/a
Gov. Grants & Parliamentary Appropriation 383,869,653 412,525,252 7.46 337,760,120 -18.12 296,215,964 -12.30 322,714,241 8.95 -4.3
Other Revenue 17,481,413 18,533,011 6.02 24,142,452 30.27 22,494,551 -6.83 18,730,306 -16.73 1.7
Total Revenue 638,019,373 668,869,331 4.84 562,670,614 -15.88 658,465,421 17.03 483,875,405 -26.51 -6.7

Expenses ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 414,103,538 437,370,638 5.62 369,828,791 -15.44 451,861,764 22.18 299,782,348 -33.66 -7.8
Technical 39,848,700 41,511,353 4.17 40,079,755 -3.45 41,269,887 2.97 37,416,604 -9.34 -1.6
Sales and Promotion 67,225,250 69,443,397 3.30 58,407,225 -15.89 58,560,109 0.26 46,116,306 -21.25 -9.0
Administration and General 69,210,209 68,368,956 -1.22 60,540,352 -11.45 67,075,077 10.79 61,380,146 -8.49 -3.0
Total Expenses 590,387,697 616,694,344 4.46 528,856,123 -14.24 618,766,837 17.00 444,695,404 -28.13 -6.8
Operating Income 47,631,676 52,174,987 33,814,491 39,698,584 39,180,001
Depreciation 56,822,197 67,602,123 18.97 48,900,255 -27.66 48,831,010 -0.14 42,870,704 -12.21 -6.8
Surplus (Deficit) -9,190,521 -15,427,136 -15,085,764 -9,132,426 -3,690,703
Interest Expense 10,163,780 9,301,831 -8.48 8,451,523 -9.14 8,471,599 0.24 8,126,829 -4.07
Adjustments Gain(Loss) 15,355,319 19,824,454 30,774,424 1,691,110 -7,276,683
Pre-tax Profit -3,998,982 -4,904,513 7,237,137 -15,912,915 -19,094,215

Programming (%)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 70.1 70.9 69.9 73.0 67.4
Prog Expense/Revenue Total 64.9 65.4 65.7 68.6 62.0

Staff
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 217,193,078 239,770,124 10.39 231,361,176 -3.51 231,703,091 0.15 194,304,841 -16.14 -2.8
Avg Staff Count 2,219.8 2,391.1 7.72 2,278.5 -4.71 2,256.3 -0.97 1,874.0 -16.94
Avg Remuneration ($) 97,842 100,275 2.49 101,543 1.26 102,692 1.13 103,683 0.97 1.5
Remuneration/Expense Total (%) 36.8 38.9 43.7 37.4 43.7

Profitability (%)
($)Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 7.5 7.8 6.0 6.0 8.1
Pre-tax Margin -0.6 -0.7 1.3 -2.4 -3.9

CAGR = Compound Annual Growth Rate

Var = Variation

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