Private Television - Financial Summary - Atlantic

Conventional Television - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 8 8 8 8 8

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 23,452,536 21,927,941 -6.50 23,085,996 5.28 23,068,317 -0.08 23,074,293 0.03 -0.4
National Time Sales 46,368,614 42,081,279 -9.25 39,812,682 -5.39 38,257,607 -3.91 41,210,452 7.72 -2.9
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Infomercials 125,736 138,186 9.90 190,813 38.08 246,388 29.13 202,149 -17.96 12.6
Syndication-Production 164,074 135,986 -17.12 309,110 127.31 408,155 32.04 88,777 -78.25 -14.2
Local Programming Improvement Fund 6,636,533 6,498,742 -2.08 3,757,123 -42.19 2,001,490 -46.73 n/a n/a
Small Market Local Programming Fund 543,360 n/a
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 320,105 n/a 55,272 -82.73 n/a
Other Revenue 3,276,752 2,863,640 -12.61 2,791,230 -2.53 3,433,552 23.01 3,476,148 1.34 1.5
Total Revenue 80,024,245 73,645,774 -7.97 69,946,954 -5.02 67,735,614 -3.16 68,650,451 1.35 -3.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 58,328,713 57,964,260 -0.62 58,426,709 0.80 58,898,989 0.81 58,080,719 -1.39 -0.1
Technical 4,585,106 3,833,916 -16.38 3,964,498 3.41 3,689,958 -6.92 3,724,254 0.93 -5.1
Sales and Promotion 9,351,670 8,009,196 -14.36 8,256,355 3.09 8,014,886 -2.92 7,676,241 -4.23 -4.8
Administration and General 12,784,162 9,842,140 -23.01 8,806,914 -10.52 9,211,058 4.59 10,969,081 19.09 -3.8
Total Expenses 85,049,651 79,649,512 -6.35 79,454,476 -0.24 79,814,891 0.45 80,450,295 0.80 -1.4
Operating Income -5,025,406 -6,003,738 -9,507,522 -12,079,277 -11,799,844
Depreciation 2,728,952 3,107,401 13.87 3,126,507 0.61 3,109,907 -0.53 2,957,121 -4.91 2.0
P.B.I.T. -7,754,358 -9,111,139 -12,634,029 -15,189,184 -14,756,965
Interest Expense 74,108 58,690 -20.80 133,034 126.67 147,851 11.14 170,312 15.19
Adjustments Gain(Loss) -183,734 -631,731 1,352,164 -6,421,511 -957,151
Pre-tax Profit -8,012,200 -9,801,560 -11,414,899 -21,758,546 -15,884,428

Programming (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 68.6 72.8 73.5 73.8 72.2
Prog Expense/Revenue Total 72.9 78.7 83.5 87.0 84.6

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 24,857,210 22,403,580 -9.87 22,827,632 1.89 23,520,616 3.04 24,603,156 4.60 -0.3
Total Staff Count 298.7 286.6 -4.07 283.9 -0.94 290.8 2.43 279.7 -3.79
Avg Remuneration ($) 83,218 78,184 -6.05 80,421 2.86 80,894 0.59 87,953 8.73 1.4
Avg Remuneration Without Fringe Benefits ($) 71,526 66,953 -6.39 68,384 2.14 68,650 0.39 74,273 8.19 1.0

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -6.3 -8.2 -13.6 -17.8 -17.2
P.B.I.T. Margin -9.7 -12.4 -18.1 -22.4 -21.5
Pre-tax Margin -10.0 -13.3 -16.3 -32.1 -23.1

CAGR = Compound Annual Growth Rate

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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