MANAGEMENT DISCUSSION AND ANALYSIS
This section includes PDFs of each section of the MD&A, as well as a PDF of the entire MD&A.
Core Business and StrategY 
Mandate
Services
Business Model
Operations
Strategic Plan
Management Structure and Reporting
Reporting to Canadians
Other Strategic Updates
Key Performance Drivers and Measures
Key Performance Drivers
Key Performance Measures 2010–2011
Key Performance Measures 2011–2012
Capability to Deliver Results
Leadership and People
Resource Capacity
Results and Outlook
Analysis of Financial Results
Financial Condition and Cash Flow and Liquidity
Outlook
Risk
Financial Reporting Disclosure
Accounting Disclosures
Changes in Accounting Policies
Transactions with Related Parties
Management’s Responsibility for the Consolidated Statements
Independent Auditor’s Report
Complete MD&A
FORWARD LOOKING STATEMENTS
CBC/Radio-Canada’s Annual Report contains forward-looking statements regarding objectives, strategies and expected financial and operational results. Forward looking statements are based on the following broad assumptions: CBC/Radio-Canada continues to receive stable government funding, the television advertising market remains healthy, and the broadcasting regulatory environment does not change dramatically. Key risks and uncertainties are described in the Risk section of this report. However, some risks and uncertainties are difficult to predict and beyond the control of CBC/Radio-Canada. These include, but are not limited to, economic, financial, technical and regulatory conditions. These and other factors may cause actual results to differ substantially from the expectations stated or implied in forward-looking statements.