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2007-2011 Financial Summaries

[Table of Contents]

Halifax Market

Revenue ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		10
Local Time Sales	13,141,595	14,554,704	10.75	13,704,310	-5.84	13,925,239	1.61	13,727,444	-1.42	1.1
National Time Sales	8,307,812	8,637,011	3.96	7,441,059	-13.85	7,693,711	3.40	7,883,736	2.47	-1.3
Network Payments		0		0	n/a	0	n/a	0	n/a	n/a
Syndication-Production	5,152	2,648	-48.60	2,908	9.82	0	-100.00	0	n/a	-100.0
Government Grants						0		0	n/a	n/a
Other	222,999	54,464	-75.58	257,475	372.74	285,276	10.80	148,675	-47.88
Total Revenue	21,677,558	23,248,827	7.25	21,405,752	-7.93	21,904,226	2.33	21,759,855	-0.66	0.1

 

Expenses ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		10
Program and Production	7,121,273	7,238,888	1.65	7,051,461	-2.59	7,045,808	-0.08	7,249,888	2.90	0.5
Technical	1,000,073	913,562	-8.65	922,472	0.98	1,023,005	10.90	1,103,855	7.90	2.5
Sales and Promotion	5,639,272	5,943,529	5.40	6,232,211	4.86	6,974,168	11.91	7,159,020	2.65	6.2
Administration and General	4,423,044	4,815,456	8.87	4,327,119	-10.14	4,716,856	9.01	4,760,457	0.92	1.9
Total Expenses	18,183,662	18,911,435	4.00	18,533,263	-2.00	19,759,837	6.62	20,273,220	2.60	2.8
Operating Income	3,493,896	4,337,392		2,872,489		2,144,389		1,486,635
Depreciation	964,115	873,081	-9.44	723,402	-17.14	757,123	4.66	943,385	24.60	-0.5
P.B.I.T.	2,529,781	3,464,311		2,149,087		1,387,266		543,250
Interest Expense	392,322	298,201	-23.99	310,847	4.24	270,266	-13.05	397,480	47.07
Adjustments - Gain (Loss)	115,577	-349,880	-402.72	-327,323	-6.45	-273,388	-16.48	-5,699,111	>999±
Pre-tax Profit	2,253,036	2,816,230		1,510,917		843,612		-5,553,341

 

Program and Production (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		10
Program and Production/Expense Total	39.2	38.3		38.0		35.7		35.8
Program and Production/Revenue Total	32.9	31.1		32.9		32.2		33.3

 

Staff ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		10
Total Salaries	8,903,600	9,727,493	9.25	10,494,321	7.88	10,224,702	-2.57	10,591,213	3.58	4.4
Average Staff Count	187.0	185.5	-0.81	181.9	-1.95	181.4	-0.26	190.2	4.84
Average Salary ($)	47,613	52,445	10.15	57,705	10.03	56,369	-2.32	55,693	-1.20	4.0
Salaries/Expense Total (%)	49.0	51.4		56.6		51.7		52.2

 

Profitability (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		10
Operating Margin	16.1	18.7		13.4		9.8		6.8
P.B.I.T. Margin	11.7	14.9		10.0		6.3		2.5
Pre-tax Margin	10.4	12.1		7.1		3.9		-25.5