Canadian Broadcasting Corporation - Financial Summary - British Columbia and Territories

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
3 3 3 3 3

Revenue ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 6,107,876 4,390,742 -28.11 4,338,850 -1.18 3,225,754 -25.65 3,131,711 -2.92 -15.4
National Time Sales 4,769,958 4,090,170 -14.25 4,882,200 19.36 3,143,131 -35.62 3,417,630 8.73 -8.0
Syndication-Production 360,564 651,677 80.74 707,758 8.61 861,827 21.77 685,804 -20.42 17.4
Local Programming Improvement Fund 4,405,573 3,187,161 -27.66 1,386,807 -56.49 - - - - n/a
Parliamentary Appropriation 28,865,186 35,104,478 21.62 33,626,798 -4.21 38,758,393 15.26 30,556,352 -21.16 1.4
Other Revenue 976,966 1,117,459 14.38 757,479 -32.21 1,063,119 40.35 876,654 -17.54 -2.7
Total Revenue 45,486,123 48,541,687 6.72 45,699,892 -5.85 47,052,224 2.96 38,668,151 -17.82 -4.0

Expenses ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 29,939,828 30,659,996 2.41 30,450,482 -0.68 27,444,163 -9.87 21,824,138 -20.48 -7.6
Technical 4,021,404 4,888,892 21.57 4,433,950 -9.31 3,843,106 -13.33 2,891,253 -24.77 -7.9
Sales and Promotion 3,264,282 4,642,575 42.22 3,686,203 -20.60 6,420,042 74.16 6,389,581 -0.47 18.3
Administration and General 4,415,189 5,003,791 13.33 4,742,082 -5.23 5,979,637 26.10 3,464,615 -42.06 -5.9
Total Expenses 41,640,703 45,195,254 8.54 43,312,717 -4.17 43,686,948 0.86 34,569,587 -20.87 -4.6
Operating Income (Loss) 3,845,420 3,346,433 - 2,387,175 - 3,365,276 - 4,098,564 - -
Depreciation 4,632,045 4,210,838 -9.09 3,484,060 -17.26 4,165,863 19.57 2,973,675 -28.62 -10.5
Surplus (deficit) -786,625 -864,405 - -1,096,885 - -800,587 - 1,124,889 - -
Interest Expense 878,899 990,927 12.75 841,461 -15.08 787,772 -6.38 551,901 -29.94 -
Adjustments Gain (Loss) 1,358,357 2,607,511 - 124,479 - -704,880 - -1,384,255 - -
Pre-tax Profit -307,167 752,179 - -1,813,867 - -2,293,239 - -811,267 - -

Canadian Programming Expenses (CPE)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 27,071,813 27,371,899 1.11 27,703,059 1.21 23,844,003 -13.93 19,222,898 -19.38 -8.2
CPE / Revenue (%) 59.5 56.4 - 60.6 - 50.7 - 49.7 - -

Programming (%)
  2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 71.9 67.8 70.3 62.8 63.1
Prog-Prod Expense/Revenue Total 65.8 63.2 66.6 58.3 56.4

Staff
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 31,793,158 32,148,297 1.12 28,869,026 -10.20 29,309,396 1.53 27,269,820 -6.96 -3.8
Total Staff Count 321.7 318.0 -1.15 285.7 -10.15 291.8 2.11 268.7 -7.89 -
Avg Remuneration ($) 98,829 101,095 2.29 101,043 -0.05 100,461 -0.58 101,480 1.02 0.7
Remuneration/Expense Total (%) 76.4 71.1 - 66.7 - 67.1 - 78.9 - -

Profitability (%)
  2012 2013 2014 2015 2016
Operating Margin 8.5 6.9 5.2 7.2 10.6
Pre-tax Margin -0.7 1.5 -4.0 -4.9 -2.1

CAGR = Compound Annual Growth Rate

Var = Variation

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