Corus Entertainment annual net income 2010-2019

The statistic presents the annual net income of Corus Entertainment from fiscal 2010 to 2019. Corus reported a net income of 156.08 million Canadian dollars in fiscal 2019, which represents a significant improvement from the company's 2018 fiscal year in which they reported a net loss of 758 million Canadian dollars.

Annual net income of Corus Entertainment in fiscal years 2010 to 2019

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Source

Release date

October 2019

Region

Canada

Survey time period

September 2009 to August 2019

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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