CBC/Radio‑Canada has a base capital appropriation from the Government of Canada of $92.3 million per year. In 2016-2017, we increased this amount by transferring an additional $14.4 million from our operating appropriation 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 government for approval.
We currently use $2.4 billion of assets (with a net book value of $909 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 currently responsible for a real estate portfolio of 3.9 million square feet, including 16 buildings owned across Canada. We are also highly dependent on technology and technology-based assets in the production and delivery of our services.