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Corus Entertainment annual net income 2010-2018
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Corus Entertainment annual net income 2010-2018
Annual net income of Corus Entertainment in fiscal years 2010 to 2018 (in million Canadian dollars)
by Amy Watson,
last edited
Oct 19, 2018
The statistic presents the annual net income of Corus Entertainment from fiscal 2010 to 2018. Corus reported a net loss of 758.16 million Canadian dollars in fiscal 2018, which according to corporate data was due to broadcast license and goodwill impairment charges recorded in the third quarter of 2018. Corus achieved a net income of 224.09 million Canadian dollars in 2017.
Annual net income of Corus Entertainment in fiscal years 2010 to 2018 (in million Canadian dollars)
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by Amy Watson,
last edited
Oct 19, 2018
The statistic presents the annual net income of Corus Entertainment from fiscal 2010 to 2018. Corus reported a net loss of 758.16 million Canadian dollars in fiscal 2018, which according to corporate data was due to broadcast license and goodwill impairment charges recorded in the third quarter of 2018. Corus achieved a net income of 224.09 million Canadian dollars in 2017.
- Show sources information
- Show publisher information
- Release date
- October 2018
- Region
- Canada
- Survey time period
- September 2009 to August 2018
- 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.
Source
- Show sources information
- Show publisher information
- Release date
- October 2018
More information
- Region
- Canada
- Survey time period
- September 2009 to August 2018
- 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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