For the year ended March 31 | |||
(in thousands of Canadian dollars) | 2014 | 2013 (revised - NOTE 3A) |
|
REVENUE (NOTE 21) |
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Advertising | 491,189 | 364,648 | |
Subscriber fees | 133,277 | 136,127 | |
Other income | 134,605 | 134,951 | |
Financing income | 8,759 | 10,339 | |
767,830 | 646,065 | ||
EXPENSES |
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Television, radio and new media services costs | 1,762,223 | 1,712,565 | |
Transmission, distribution and collection | 71,959 | 114,463 | |
Corporate management | 10,741 | 11,273 | |
Payments to private stations | 2,364 | 2,527 | |
Finance costs (NOTE 22) | 30,870 | 31,836 | |
Share of profit in associate | (4,440) | (1,701) | |
1,873,717 | 1,870,963 | ||
Operating loss before Government funding and non-operating items | (1,105,887) | (1,224,898) | |
GOVERNMENT FUNDING (NOTE 23) |
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Parliamentary appropriation for operating expenditures | 975,618 | 999,484 | |
Parliamentary appropriation for working capital | 4,000 | 4,000 | |
Amortization of deferred capital funding | 111,280 | 151,366 | |
1,090,898 | 1,154,850 | ||
Results before non-operating items | (14,989) | (70,048) | |
NON-OPERATING ITEMS |
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(Loss) gain on disposal of property and equipment | (4,004) | 11,891 | |
Dilution gain | 1,040 | - | |
Gain on business divestitures (NOTE 24) | - | 7,185 | |
(2,964) | 19,076 | ||
Net results for the year | (17,953) | (50,972) | |
Net results attributable to: | |||
The Corporation | (18,087) | (51,176) | |
Non-controlling interests (NOTE 14) | 134 | 204 | |
(17,953) | (50,972) | ||
The accompanying notes form an integral part of the consolidated financial statements. |