Canadian Broadcasting Corporation - Financial Summary - British Columbia and Territories

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 3 3 3 3 3

Revenue ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Time Sales 12,322,251 10,877,834 -11.72 8,480,912 -22.03 9,221,050 8.73 6,368,885 -30.93 -15.2
Syndication-Production 516,660 360,564 -30.21 651,677 80.74 707,758 8.61 861,827 21.77 13.7
Local Programming Improvement Fund 2,802,398 4,405,573 57.21 3,187,161 -27.66 1,386,807 -56.49 n/a n/a
Gov. Grants & Parliamentary Appropriation 38,175,175 28,865,186 -24.39 35,104,478 21.62 33,626,798 -4.21 38,758,393 15.26 0.4
Other Revenue 1,292,435 976,966 -24.41 1,117,459 14.38 757,479 -32.21 1,063,119 40.35 -4.8
Total Revenue 55,108,919 45,486,123 -17.46 48,541,687 6.72 45,699,892 -5.85 47,052,224 2.96 -3.9

Expenses ($)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 33,205,290 29,939,828 -9.83 30,659,996 2.41 30,450,482 -0.68 27,444,163 -9.87 -4.7
Technical 5,218,252 4,021,404 -22.94 4,888,892 21.57 4,433,950 -9.31 3,843,106 -13.33 -7.4
Sales and Promotion 6,592,310 3,264,282 -50.48 4,642,575 42.22 3,686,203 -20.60 6,420,042 74.16 -0.7
Administration and General 6,012,376 4,415,189 -26.56 5,003,791 13.33 4,742,082 -5.23 5,979,637 26.10 -0.1
Total Expenses 51,028,228 41,640,703 -18.40 45,195,254 8.54 43,312,717 -4.17 43,686,948 0.86 -3.8
Operating Income 4,080,691 3,845,420 3,346,433 2,387,175 3,365,276
Depreciation 4,928,690 4,632,045 -6.02 4,210,838 -9.09 3,484,060 -17.26 4,165,863 19.57 -4.1
Surplus (Deficit) -847,999 -786,625 -864,405 -1,096,885 -800,587
Interest Expense 881,594 878,899 -0.31 990,927 12.75 841,461 -15.08 787,772 -6.38
Adjustments Gain(Loss) 1,331,903 1,358,357 2,607,511 124,479 -704,880
Pre-tax Profit -397,690 -307,167 752,179 -1,813,867 -2,293,239

Programming (%)
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 65.1 71.9 67.8 70.3 62.8
Prog Expense/Revenue Total 60.3 65.8 63.2 66.6 58.3

Staff
Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 32,478,784 31,793,158 -2.11 32,148,297 1.12 28,869,026 -10.20 29,309,396 1.53 -2.5
Avg Staff Count 332.6 321.7 -3.27 318.0 -1.15 285.7 -10.15 291.8 2.11
Avg Remuneration ($) 97,660 98,829 1.20 101,095 2.29 101,043 -0.05 100,461 -0.58 0.7
Remuneration/Expense Total (%) 63.6 76.4 71.1 66.7 67.1

Profitability (%)
($)Fiscal Year 2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 7.4 8.5 6.9 5.2 7.2
Pre-tax Margin -0.7 -0.7 1.5 -4.0 -4.9

CAGR = Compound Annual Growth Rate

Var = Variation

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