Corus Entertainment annual income 2022

Corus Entertainment reported a net loss of 232 million Canadian dollars in fiscal 2022. In the previous year the company reported a gain of 194 million Canadian dollars. The company's 2020 fiscal year ended with a significant loss of 607.7 million Canadian dollars.

Annual net income of Corus Entertainment in fiscal years 2010 to 2022 (in million Canadian dollars)

Characteristic	Income in million Canadian dollars
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Release date

October 2022

More information

Region

Canada

Survey time period

September 2009 to August 2022

Supplementary notes

Corus Entertainment operates on fiscal years that begins September 1 and ends August 31.
For fiscal 2013, as a result of retroactive application of IFRS 11 - Joint Arrangements, the Company is no longer permitted to proportionately consolidate its 50% equity interest in the operations of TELETOON up to August 31, 2013 (i.e. prior to the business combination on September 1, 2013) and is required to account for its investment using the equity method of accounting. As a consequence, the Television revenues and segment profit for the year ended August 31, 2013 were reduced by $52.0 million and $19.0 million, respectively, and Corus’ share of TELETOON’s net income of $12.1 million was reported as Other expense (income) in the Consolidated Statements of Income and Comprehensive Income. The restatement did not change reported net income for fiscal 2013.
Figures have been rounded.

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