Canadian Broadcasting Corporation - Financial Summary - Atlantic

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
5 5 5 5 5

Revenue ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 4,153,586 3,852,457 -7.25 3,961,689 2.84 5,685,763 43.52 4,465,824 -21.46 1.8
National Time Sales 3,377,413 2,870,744 -15.00 3,259,443 13.54 882,246 -72.93 1,085,055 22.99 -24.7
Syndication-Production 2,563,707 1,532,153 -40.24 1,670,405 9.02 1,501,757 -10.10 2,006,059 33.58 -6.0
Local Programming Improvement Fund 16,016,618 13,011,800 -18.76 6,652,545 -48.87 - - - - n/a
Parliamentary Appropriation 48,784,491 54,679,537 12.08 52,074,164 -4.76 47,594,759 -8.60 41,289,590 -13.25 -4.1
Other Revenue 1,422,186 1,507,900 6.03 1,155,994 -23.34 1,289,099 11.51 1,127,327 -12.55 -5.6
Total Revenue 76,318,001 77,454,591 1.49 68,774,240 -11.21 56,953,624 -17.19 49,973,855 -12.26 -10.0

Expenses ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 53,607,708 54,423,268 1.52 49,903,722 -8.30 36,558,996 -26.74 31,586,622 -13.60 -12.4
Technical 5,149,431 5,448,393 5.81 4,674,717 -14.20 4,824,101 3.20 4,008,707 -16.90 -6.1
Sales and Promotion 2,983,856 3,641,376 22.04 3,080,713 -15.40 4,212,638 36.74 4,455,618 5.77 10.5
Administration and General 8,016,645 8,552,742 6.69 7,526,025 -12.00 7,368,267 -2.10 4,691,358 -36.33 -12.5
Total Expenses 69,757,640 72,065,779 3.31 65,185,177 -9.55 52,964,002 -18.75 44,742,305 -15.52 -10.5
Operating Income (Loss) 6,560,361 5,388,812 - 3,589,063 - 3,989,622 - 5,231,550 - -
Depreciation 7,813,572 6,723,190 -13.95 5,272,085 -21.58 5,006,214 -5.04 3,831,039 -23.47 -16.3
Surplus (deficit) -1,253,211 -1,334,378 - -1,683,022 - -1,016,592 - 1,400,511 - -
Interest Expense 1,681,216 1,636,054 -2.69 1,349,876 -17.49 954,619 -29.28 718,004 -24.79 -
Adjustments Gain (Loss) 2,291,348 4,142,043 - 190,142 - -844,855 - -1,778,741 - -
Pre-tax Profit -643,079 1,171,611 - -2,842,756 - -2,816,066 - -1,096,234 - -

Canadian Programming Expenses (CPE)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 47,661,316 48,435,991 1.63 45,436,553 -6.19 31,921,678 -29.74 27,469,726 -13.95 -12.9
CPE / Revenue (%) 62.5 62.5 - 66.1 - 56.0 - 55.0 - -

Programming (%)
  2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 76.8 75.5 76.6 69.0 70.6
Prog-Prod Expense/Revenue Total 70.2 70.3 72.6 64.2 63.2

Staff
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 42,824,950 44,270,788 3.38 38,498,266 -13.04 37,631,796 -2.25 33,714,884 -10.41 -5.8
Total Staff Count 443.7 452.4 1.97 395.3 -12.62 385.2 -2.57 340.0 -11.73 -
Avg Remuneration ($) 96,524 97,853 1.38 97,380 -0.48 97,702 0.33 99,161 1.49 0.7
Remuneration/Expense Total (%) 61.4 61.4 - 59.1 - 71.1 - 75.4 - -

Profitability (%)
  2012 2013 2014 2015 2016
Operating Margin 8.6 7.0 5.2 7.0 10.5
Pre-tax Margin -0.8 1.5 -4.1 -4.9 -2.2

CAGR = Compound Annual Growth Rate

Var = Variation

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