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2007-2011 Financial Summaries

[Table of Contents]

London Market

Revenue ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		11
Local Time Sales	17,809,252	18,930,361	6.30	18,516,921	-2.18	18,325,548	-1.03	18,407,503	0.45	0.8
National Time Sales	6,701,515	6,747,742	0.69	5,207,616	-22.82	5,623,249	7.98	6,163,198	9.60	-2.1
Network Payments		0		0	n/a	0	n/a	0	n/a	n/a
Syndication-Production		0		0	n/a	39,574	n/a	0	-100.00	n/a
Government Grants						0		0	n/a	n/a
Other	355,662	132,771	-62.67	174,346	31.31	310,897	78.32	422,239	35.81
Total Revenue	24,866,429	25,810,874	3.80	23,898,883	-7.41	24,299,268	1.68	24,992,940	2.85	0.1

 

Expenses ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		11
Program and Production	5,586,985	5,965,906	6.78	6,079,589	1.91	6,112,879	0.55	6,286,987	2.85	3.0
Technical	620,553	744,471	19.97	787,095	5.73	742,756	-5.63	955,273	28.61	11.4
Sales and Promotion	6,523,374	6,099,121	-6.50	6,109,789	0.17	6,173,656	1.05	6,335,999	2.63	-0.7
Administration and General	4,692,410	5,325,265	13.49	3,872,215	-27.29	4,459,406	15.16	4,824,929	8.20	0.7
Total Expenses	17,423,322	18,134,763	4.08	16,848,688	-7.09	17,488,697	3.80	18,403,188	5.23	1.4
Operating Income	7,443,107	7,676,111		7,050,195		6,810,571		6,589,752
Depreciation	542,673	485,505	-10.53	836,433	72.28	726,984	-13.09	741,918	2.05	8.1
P.B.I.T.	6,900,434	7,190,606		6,213,762		6,083,587		5,847,834
Interest Expense	195,602	98,602	-49.59	22,397	-77.29	-36,196	-261.61	-51,252	41.60
Adjustments - Gain (Loss)	553,141	-511,879	-192.54	-575,375	12.40	-18,603,026	>999±	-949,195	-94.90
Pre-tax Profit	7,257,973	6,580,125		5,615,990		-12,483,243		4,949,891

 

Program and Production (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		11
Program and Production/Expense Total	32.1	32.9		36.1		35.0		34.2
Program and Production/Revenue Total	22.5	23.1		25.4		25.2		25.2

 

Staff ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		11
Total Salaries	9,715,147	9,794,153	0.81	10,017,368	2.28	10,120,631	1.03	10,524,396	3.99	2.0
Average Staff Count	143.5	146.8	2.28	160.8	9.52	139.9	-12.98	176.2	25.98
Average Salary ($)	67,687	66,718	-1.43	62,309	-6.61	72,342	16.10	59,716	-17.45	-3.1
Salaries/Expense Total (%)	55.8	54.0		59.5		57.9		57.2

 

Profitability (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	9	9		9		9		11
Operating Margin	29.9	29.7		29.5		28.0		26.4
P.B.I.T. Margin	27.7	27.9		26.0		25.0		23.4
Pre-tax Margin	29.2	25.5		23.5		-51.4		19.8