YEAR IN REVIEW – OUR RESULTS
Parliamentary appropriations for operating expenditures remained at a comparable level in 2015-2016. This is consistent with our expectations after the final phase of Federal Budget 2012 was implemented last year.
Capital funding is recorded as deferred capital funding It is amortized and recognized as revenue over the same periods as the related property and equipment’ and intangible assets are used in CBC/Radio-Canada’s operations. The decrease of $8.2 million (8.0%) largely reflects the lower value of our asset base as we simplify our infrastructure and reduce our real estate footprint, consistent with our strategy.