Private Television - Financial Summary - British Columbia and Territories

Conventional Television - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 12 12 12 12 12

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 55,742,346 54,609,715 -2.03 55,283,884 1.23 46,138,943 -16.54 43,900,766 -4.85 -5.8
National Time Sales 213,079,120 184,251,070 -13.53 174,748,475 -5.16 153,110,102 -12.38 157,424,449 2.82 -7.3
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Infomercials 1,983,514 2,014,886 1.58 2,121,911 5.31 2,140,895 0.89 1,689,859 -21.07 -3.9
Syndication-Production 1,139,082 1,110,979 -2.47 1,289,718 16.09 1,300,326 0.82 1,494,854 14.96 7.0
Local Programming Improvement Fund 9,329,391 8,562,109 -8.22 4,787,581 -44.08 2,794,107 -41.64 n/a n/a
Small Market Local Programming Fund 2,305,681 n/a
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 13,751,464 14,804,154 7.66 15,086,462 1.91 15,443,851 2.37 13,464,550 -13.89 -0.8
Total Revenue 295,024,917 265,352,913 -10.06 253,318,031 -4.54 220,928,224 -12.79 220,280,159 -0.29 -7.0

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 193,725,972 197,992,782 2.20 195,875,352 -1.07 192,440,937 -1.75 186,532,387 -3.07 -0.9
Technical 9,538,352 10,198,554 6.92 8,905,939 -12.67 8,549,874 -4.00 9,011,850 5.40 -1.4
Sales and Promotion 30,368,481 27,093,220 -10.79 21,589,405 -20.31 19,633,428 -9.06 17,549,337 -10.62 -12.8
Administration and General 30,643,139 21,995,198 -28.22 24,805,592 12.78 24,311,315 -1.99 30,855,388 26.92 0.2
Total Expenses 264,275,944 257,279,754 -2.65 251,176,288 -2.37 244,935,554 -2.48 243,948,962 -0.40 -2.0
Operating Income 30,748,973 8,073,159 2,141,743 -24,007,330 -23,668,803
Depreciation 11,735,675 8,888,981 -24.26 8,007,456 -9.92 7,386,159 -7.76 6,413,103 -13.17 -14.0
P.B.I.T. 19,013,298 -815,822 -5,865,713 -31,393,489 -30,081,906
Interest Expense 422,299 517,158 22.46 389,033 -24.77 610,567 56.94 371,699 -39.12
Adjustments Gain(Loss) -44,132 -5,454,546 -11,998,372 -8,524,576 -1,676,919
Pre-tax Profit 18,546,867 -6,787,526 -18,253,118 -40,528,632 -32,130,524

Programming (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 73.3 77.0 78.0 78.6 76.5
Prog Expense/Revenue Total 65.7 74.6 77.3 87.1 84.7

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 80,084,256 76,595,720 -4.36 76,191,136 -0.53 73,050,636 -4.12 71,607,945 -1.97 -2.8
Total Staff Count 855.8 875.0 2.24 835.5 -4.52 793.7 -5.00 767.0 -3.37
Avg Remuneration ($) 93,578 87,537 -6.46 91,192 4.18 92,038 0.93 93,364 1.44 -0.1
Avg Remuneration Without Fringe Benefits ($) 83,452 78,406 -6.05 80,727 2.96 81,142 0.52 82,142 1.23 -0.4

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 10.4 3.0 0.8 -10.9 -10.7
P.B.I.T. Margin 6.4 -0.3 -2.3 -14.2 -13.7
Pre-tax Margin 6.3 -2.6 -7.2 -18.3 -14.6

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: