Private Television - Financial Summary - Prairies

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
25 25 25 25 25

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 88,908,734 84,199,207 -5.30 84,402,739 0.24 80,602,179 -4.50 73,004,709 -9.43 -4.8
National Time Sales 271,547,059 247,558,667 -8.83 227,762,099 -8.00 239,220,207 5.03 234,570,233 -1.94 -3.6
Network Payments 26,493 31,419 18.59 17,091 -45.60 38 -99.78 0 -100.00 n/a
Infomercials 1,495,612 1,627,993 8.85 2,262,353 38.97 1,827,035 -19.24 1,485,741 -18.68 -0.2
Syndication-Production 3,088,739 3,276,807 6.09 3,775,501 15.22 2,219,030 -41.23 1,468,232 -33.83 -17.0
Local Programming Improvement Fund 14,984,159 9,143,923 -38.98 5,110,129 -44.11 - - - - n/a
Small Market Local Programming Fund - - - - - 1,623,785 - 1,593,360 -1.87 n/a
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 17,136,658 17,424,942 1.68 20,572,358 18.06 18,518,297 -9.98 17,397,266 -6.05 0.4
Total Revenue 397,187,454 363,262,958 -8.54 343,902,270 -5.33 344,010,571 0.03 329,519,541 -4.21 -4.6

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 276,044,856 264,508,555 -4.18 262,776,936 -0.65 273,980,313 4.26 259,784,566 -5.18 -1.5
Technical 14,904,760 14,734,540 -1.14 14,752,889 0.12 14,743,742 -0.06 14,130,986 -4.16 -1.3
Sales and Promotion 42,666,219 35,252,071 -17.38 33,810,275 -4.09 31,463,559 -6.94 29,129,511 -7.42 -9.1
Administration and General 33,923,697 33,205,049 -2.12 33,937,618 2.21 37,131,630 9.41 34,437,780 -7.25 0.4
Total Expenses 367,539,532 347,700,215 -5.40 345,277,718 -0.70 357,319,244 3.49 337,482,843 -5.55 -2.1
Operating Income (Loss) 29,647,922 15,562,743 - -1,375,448 - -13,308,673 - -7,963,302 - -
Depreciation 14,136,341 12,818,646 -9.32 13,237,971 3.27 11,682,523 -11.75 12,498,195 6.98 -3.0
P.B.I.T. 15,511,581 2,744,097 - -14,613,419 - -24,991,196 - -20,461,497 - -
Interest Expense 760,955 664,863 -12.63 790,810 18.94 511,214 -35.36 321,438 -37.12 -
Adjustments Gain (Loss) -12,980,987 -19,340,056 - -24,894,272 - -3,514,442 - -347,467 - -
Pre-tax Profit 1,769,639 -17,260,822 - -40,298,501 - -29,016,852 - -21,130,402 - -

Canadian Programming Expenses (CPE)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 126,426,970 112,375,378 -11.11 114,547,660 1.93 132,446,816 15.63 126,203,189 -4.71 0.0
CPE / Revenue (%) 31.8 30.9 - 33.3 - 38.5 - 38.3 - -

Programming and Production (%)
2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 75.1 76.1 76.1 76.7 77.0
Prog-Prod Expense/Revenue Total 69.5 72.8 76.4 79.6 78.8

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 106,264,348 103,528,497 -2.57 104,550,503 0.99 109,535,226 4.77 103,768,753 -5.26 -0.6
Total Staff Count 1,346.0 1,308.0 -2.83 1,280.3 -2.12 1,289.7 0.74 1,177.6 -8.69 -
Avg Remuneration ($) 78,948 79,153 0.26 81,662 3.17 84,929 4.00 88,120 3.76 2.8
Avg Remuneration Without Fringe Benefits ($) 69,737 68,809 -1.33 70,402 2.31 73,526 4.44 76,532 4.09 2.4

Profitability (%)
2012 2013 2014 2015 2016
Operating Margin 7.5 4.3 -0.4 -3.9 -2.4
P.B.I.T. Margin 3.9 0.8 -4.2 -7.3 -6.2
Pre-tax Margin 0.4 -4.8 -11.7 -8.4 -6.4

CAGR = Compound Annual Growth Rate

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

Var = Variation

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