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Annual report 2013-2014 Going the Distance
MESSAGES YEAR
IN REVIEW
RESULTS
AND OUTLOOK
RESOURCES FINANCIAL
REPORTING
GOVERNANCE PERFORMANCE About

Consolidated Statement of Income (Loss)

For the year ended March 31
(in thousands of Canadian dollars) 2014 2013
(revised - NOTE 3A)

REVENUE (NOTE 21)

 
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

 
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)

 
  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

  (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.

CBC/Radio-Canada