CBC/Radio-Canada has a base capital appropriation from the Government of Canada of $92.3 million per year. For 2015-2016, we increased this amount by transferring funds from our operating appropriation, for a total of $105.7 million to satisfy payments on bonds used to finance the Toronto Broadcast Centre. As required by subsection 54(4) of the Broadcasting Act, we present our capital budget to the Minister of Canadian Heritage in our Corporate Plan and then submit it to the Treasury Board for approval.
We currently use $2.4 billion of assets (with a net book value of $934 million) in our operations. We operate one of the world’s largest broadcast transmission and distribution systems, with 529 transmission sites located throughout Canada. We are responsible for a real estate portfolio of 3.9 million square feet, including 18 buildings owned across Canada. We are also highly dependent on technology and technology-based assets in the production and delivery of our services.