Summary financial performance
UK PSB Group spend
- 71p in every 1 of licence fee was spent directly on programmes or the property and technology infrastructure to support their production...
- ...and another 6p in every 1 is spent getting our services to audiences on analogue, Digital Terrestrial Television (DTT ) and the internet
- The cost of collecting the licence fee is 3.4p per £1 collected.
Breakdown of UK PSB Group expenditure 2011/12
£m |
% | |
|---|---|---|
| Service licences – direct content spend | 2,356 | 61 |
| Other direct content spend | 90 | 2 |
| Distribution | 208 | 6 |
| Property and technology | 315 | 8 |
| Other infrastructure and support | 304 | 8 |
| Other items including licence fee collection and digital switchover |
387 | 10 |
| Restructuring costs | 101 | 3 |
| Pension deficit payment | 89 | 2 |
| Total | 3,850 | 100 |
Efficiency savings
- £1.5billion of sustainable savings achieved since the start of the Continuous Improvement Programme without deterioration in quality of our content
- £559million of recurring annual efficiency savings
- We will exceed our 3% annual savings target
- Total gross savings are forecast to be £2.1billion (before implementation costs)
Cumulative gross efficiency savings £m
Commercial performance
- BBC Worldwide gross sales (excluding Magazines) up 5.4% on last year
- BBC World News advertising revenue holding steady in a tough market
- BBC S&PP continues to broaden its customer base
- BBC Worldwide returned a record £216million to Public Service Broadcasting during the year
* Headline profit is not applicable to this Group.
** Commercial income excludes Magazines and includes joint venture revenue
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