Private Television - Financial Summary - British Columbia and Territories

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
12 12 12 12 12

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 54,609,715 55,283,884 1.23 46,138,943 -16.54 43,900,766 -4.85 43,226,220 -1.54 -5.7
National Time Sales 184,251,070 174,748,475 -5.16 153,110,102 -12.38 157,424,449 2.82 144,360,995 -8.30 -5.9
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Infomercials 2,014,886 2,121,911 5.31 2,140,895 0.89 1,689,859 -21.07 1,802,347 6.66 -2.8
Syndication-Production 1,110,979 1,289,718 16.09 1,300,326 0.82 1,494,854 14.96 1,119,394 -25.12 0.2
Local Programming Improvement Fund 8,562,109 4,787,581 -44.08 2,794,107 -41.64 - - - - n/a
Small Market Local Programming Fund - - - - - 2,305,681 - 2,140,665 -7.16 n/a
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 14,804,154 15,086,462 1.91 15,443,851 2.37 13,464,550 -12.82 12,749,825 -5.31 -3.7
Total Revenue 265,352,913 253,318,031 -4.54 220,928,224 -12.79 220,280,159 -0.29 205,399,446 -6.76 -6.2

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 197,992,782 195,875,352 -1.07 192,440,937 -1.75 186,532,387 -3.07 176,527,117 -5.36 -2.8
Technical 10,198,554 8,905,939 -12.67 8,549,874 -4.00 9,011,850 5.40 7,901,667 -12.32 -6.2
Sales and Promotion 27,093,220 21,589,405 -20.31 19,633,428 -9.06 17,549,337 -10.62 15,860,285 -9.62 -12.5
Administration and General 21,995,198 24,805,592 12.78 24,311,315 -1.99 30,855,388 26.92 22,620,509 -26.69 0.7
Total Expenses 257,279,754 251,176,288 -2.37 244,935,554 -2.48 243,948,962 -0.40 222,909,578 -8.62 -3.5
Operating Income (Loss) 8,073,159 2,141,743 - -24,007,330 - -23,668,803 - -17,510,132 - -
Depreciation 8,888,981 8,007,456 -9.92 7,386,159 -7.76 6,413,103 -13.17 6,911,776 7.78 -6.1
P.B.I.T. -815,822 -5,865,713 - -31,393,489 - -30,081,906 - -24,421,908 - -
Interest Expense 517,158 389,033 -24.77 610,567 56.94 371,699 -39.12 316,617 -14.82 -
Adjustments Gain (Loss) -5,454,546 -11,998,372 - -8,524,576 - -1,676,919 - 49,852 - -
Pre-tax Profit -6,787,526 -18,253,118 - -40,528,632 - -32,130,524 - -24,688,673 - -

Canadian Programming Expenses (CPE)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 90,542,265 83,784,626 -7.46 83,559,787 -0.27 90,126,649 7.86 87,382,520 -3.04 -0.9
CPE / Revenue (%) 34.1 33.1 - 37.8 - 40.9 - 42.5 - -

Programming and Production (%)
2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 77.0 78.0 78.6 76.5 79.2
Prog-Prod Expense/Revenue Total 74.6 77.3 87.1 84.7 85.9

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 76,595,720 76,191,136 -0.53 73,050,636 -4.12 71,607,945 -1.97 68,869,900 -3.82 -2.6
Total Staff Count 875.0 835.5 -4.52 793.7 -5.00 767.0 -3.37 704.9 -8.10 -
Avg Remuneration ($) 87,537 91,192 4.18 92,038 0.93 93,364 1.44 97,704 4.65 2.8
Avg Remuneration Without Fringe Benefits ($) 78,406 80,727 2.96 81,142 0.52 82,142 1.23 85,630 4.25 2.2

Profitability (%)
2012 2013 2014 2015 2016
Operating Margin 3.0 0.8 -10.9 -10.7 -8.5
P.B.I.T. Margin -0.3 -2.3 -14.2 -13.7 -11.9
Pre-tax Margin -2.6 -7.2 -18.3 -14.6 -12.0

CAGR = Compound Annual Growth Rate

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

Var = Variation

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