Small Markets - Saskatchewan

Canadian Radio-television and Telecommunications Commission

Financial Summary - Radio

	2004	2005		2006		2007		2008		CAGR (%)
($) Reporting Units	33	34		38		39		41		5 yr
Revenue			Var %		Var %		Var %		Var %
Local Time Sales	46,995,944	50,268,831	6.96	50,524,691	0.51	53,687,920	6.26	57,784,168	7.63	5.3
National Time Sales	11,900,372	13,053,319	9.69	12,762,663	-2.23	12,597,212	-1.30	14,699,012	16.68	5.4
Network Payments								8		n/a
Syndication-Production	137,334	152,435	11.00	169,745	11.36	40,605	-76.08	39,545	-2.61	-26.8
Other Revenue	754,514	647,412	-14.19	1,051,140	62.36	1,064,226	1.24	1,376,670	29.36
Total Revenue	59,788,164	64,121,997	7.25	64,508,239	0.60	67,389,963	4.47	73,899,403	9.66	5.4
Expenses
Program	17,831,048	19,853,987	11.35	20,104,265	1.26	20,032,057	-0.36	23,230,235	15.97	6.8
Technical	1,492,006	1,747,779	17.14	1,845,523	5.59	1,866,574	1.14	2,108,097	12.94	9.0
Sales and Promotion	18,635,830	20,089,747	7.80	19,898,712	-0.95	20,716,608	4.11	21,893,601	5.68	4.1
Administration and General	13,690,006	15,033,935	9.82	15,434,425	2.66	15,431,204	-0.02	17,504,504	13.44	6.3
Total Expenses	51,648,890	56,725,448	9.83	57,282,925	0.98	58,046,443	1.33	64,736,437	11.53	5.8
Operating Income	8,139,274	7,396,549		7,225,314		9,343,520		9,162,966
Depreciation	2,634,310	2,941,330	11.65	3,188,535	8.40	2,916,081	-8.54	3,530,601	21.07	7.6
P.B.I.T.	5,504,964	4,455,219		4,036,779		6,427,439		5,632,365
Interest Expense	704,803	774,423	9.88	910,821	17.61	973,938	6.93	951,375	-2.32
Adjustments	-647,512	-669,146	3.34	-546,017	-18.40	-1,105,444	102.46	-183,071	-83.44
Pre-tax Profit	4,152,649	3,011,650		2,579,941		4,348,057		4,497,919
Programming (%)
Prog Expense/ Expense Total	34.5	35.0		35.1		34.5		35.9
Prog Expense/ Revenue Total	29.8	31.0		31.2		29.7		31.4
Staff
Total Salaries	33,636,573	33,935,209	0.89	30,766,179	-9.34	31,919,744	3.75	35,322,761	10.66	1.2
Avg Staff Count	537.59	513.40	-4.50	564.51	9.96	576.36	2.10	607.00	5.32
Avg Salary ($)	62,569	66,099	5.64	54,501	-17.55	55,382	1.62	58,192	5.08	-1.8
Salaries/Expense Total (%)	65.1	59.8		53.7		55.0		54.6
Profitability (%)
Operating Margin	13.6	11.5		11.2		13.9		12.4
P.B.I.T. Margin	9.2	6.9		6.3		9.5		7.6
Pre-tax Margin	6.9	4.7		4.0		6.5		6.1
CAGR = Compound Annual Growth Rate

2004

2005

2006

2007

2008

CAGR (%)

($) Reporting Units

5 yr

Revenue

Var %

Local Time Sales

46,995,944

50,268,831

6.96

50,524,691

0.51

53,687,920

6.26

57,784,168

7.63

5.3

National Time Sales

11,900,372

13,053,319

9.69

12,762,663

-2.23

12,597,212

-1.30

14,699,012

16.68

5.4

Network Payments

n/a

Syndication-Production

137,334

152,435

11.00

169,745

11.36

40,605

-76.08

39,545

-2.61

-26.8

Other Revenue

754,514

647,412

-14.19

1,051,140

62.36

1,064,226

1.24

1,376,670

29.36

Total Revenue

59,788,164

64,121,997

7.25

64,508,239

0.60

67,389,963

4.47

73,899,403

9.66

5.4

Expenses

Program

17,831,048

19,853,987

11.35

20,104,265

1.26

20,032,057

-0.36

23,230,235

15.97

6.8

Technical

1,492,006

1,747,779

17.14

1,845,523

5.59

1,866,574

1.14

2,108,097

12.94

9.0

Sales and Promotion

18,635,830

20,089,747

7.80

19,898,712

-0.95

20,716,608

4.11

21,893,601

5.68

4.1

Administration and General

13,690,006

15,033,935

9.82

15,434,425

2.66

15,431,204

-0.02

17,504,504

13.44

6.3

Total Expenses

51,648,890

56,725,448

9.83

57,282,925

0.98

58,046,443

1.33

64,736,437

11.53

5.8

Operating Income

8,139,274

7,396,549

7,225,314

9,343,520

9,162,966

Depreciation

2,634,310

2,941,330

11.65

3,188,535

8.40

2,916,081

-8.54

3,530,601

21.07

7.6

P.B.I.T.

5,504,964

4,455,219

4,036,779

6,427,439

5,632,365

Interest Expense

704,803

774,423

9.88

910,821

17.61

973,938

6.93

951,375

-2.32

Adjustments

-647,512

-669,146

3.34

-546,017

-18.40

-1,105,444

102.46

-183,071

-83.44

Pre-tax Profit

4,152,649

3,011,650

2,579,941

4,348,057

4,497,919

Programming (%)

Prog Expense/
Expense Total

34.5

35.0

35.1

34.5

35.9

Prog Expense/
Revenue Total

29.8

31.0

31.2

29.7

31.4

Staff

Total Salaries

33,636,573

33,935,209

0.89

30,766,179

-9.34

31,919,744

3.75

35,322,761

10.66

1.2

Avg Staff Count

537.59

513.40

-4.50

564.51

9.96

576.36

2.10

607.00

5.32

Avg Salary ($)

62,569

66,099

5.64

54,501

-17.55

55,382

1.62

58,192

5.08

-1.8

Salaries/Expense Total (%)

65.1

59.8

53.7

55.0

54.6

Profitability (%)

Operating Margin

13.6

11.5

11.2

13.9

12.4

P.B.I.T. Margin

9.2

6.9

6.3

9.5

7.6

Pre-tax Margin

6.9

4.7

4.0

6.5

6.1

CAGR = Compound Annual Growth Rate

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Small Markets - Saskatchewan

Financial Summary - Radio