Private Television - Financial Summary - Prairies

Conventional Television - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 25 25 25 25 25

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 91,527,775 88,908,734 -2.86 84,199,207 -5.30 84,402,739 0.24 80,602,179 -4.50 -3.1
National Time Sales 291,932,389 271,547,059 -6.98 247,558,667 -8.83 227,762,099 -8.00 239,220,207 5.03 -4.9
Network Payments 37,761 26,493 -29.84 31,419 18.59 17,091 -45.60 38 -99.78 -82.2
Infomercials 1,490,430 1,495,612 0.35 1,627,993 8.85 2,262,353 38.97 1,827,035 -19.24 5.2
Syndication-Production 3,509,894 3,088,739 -12.00 3,276,807 6.09 3,775,501 15.22 2,219,030 -41.23 -10.8
Local Programming Improvement Fund 15,050,180 14,984,159 -0.44 9,143,923 -38.98 5,110,129 -44.11 n/a n/a
Small Market Local Programming Fund 1,623,785 n/a
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 17,137,872 17,136,658 -0.01 17,424,942 1.68 20,572,358 18.06 18,518,297 -6.48 2.9
Total Revenue 420,686,301 397,187,454 -5.59 363,262,958 -8.54 343,902,270 -5.33 344,010,571 0.03 -4.9

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 263,508,854 276,044,856 4.76 264,508,555 -4.18 262,776,936 -0.65 273,980,313 4.26 1.0
Technical 12,824,192 14,904,760 16.22 14,734,540 -1.14 14,752,889 0.12 14,743,742 -0.06 3.6
Sales and Promotion 48,153,823 42,666,219 -11.40 35,252,071 -17.38 33,810,275 -4.09 31,463,559 -6.94 -10.1
Administration and General 43,736,261 33,923,697 -22.44 33,205,049 -2.12 33,937,618 2.21 37,131,630 9.41 -4.0
Total Expenses 368,223,130 367,539,532 -0.19 347,700,215 -5.40 345,277,718 -0.70 357,319,244 3.49 -0.8
Operating Income 52,463,171 29,647,922 15,562,743 -1,375,448 -13,308,673
Depreciation 15,304,044 14,136,341 -7.63 12,818,646 -9.32 13,237,971 3.27 11,682,523 -11.75 -6.5
P.B.I.T. 37,159,127 15,511,581 2,744,097 -14,613,419 -24,991,196
Interest Expense 866,122 760,955 -12.14 664,863 -12.63 790,810 18.94 511,214 -35.36
Adjustments Gain(Loss) -428,337 -12,980,987 -19,340,056 -24,894,272 -3,514,442
Pre-tax Profit 35,864,668 1,769,639 -17,260,822 -40,298,501 -29,016,852

Programming (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 71.6 75.1 76.1 76.1 76.7
Prog Expense/Revenue Total 62.6 69.5 72.8 76.4 79.6

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 109,540,591 106,264,348 -2.99 103,528,497 -2.57 104,550,503 0.99 109,535,226 4.77 0.0
Total Staff Count 1,354.1 1,346.0 -0.60 1,308.0 -2.83 1,280.3 -2.12 1,289.7 0.74
Avg Remuneration ($) 80,895 78,948 -2.41 79,153 0.26 81,662 3.17 84,929 4.00 1.2
Avg Remuneration Without Fringe Benefits ($) 71,568 69,737 -2.56 68,809 -1.33 70,402 2.31 73,526 4.44 0.7

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 12.5 7.5 4.3 -0.4 -3.9
P.B.I.T. Margin 8.8 3.9 0.8 -4.2 -7.3
Pre-tax Margin 8.5 0.4 -4.8 -11.7 -8.4

CAGR = Compound Annual Growth Rate

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

Var = Variation

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