Tva.Canoe.Com a SUBSIDIARY of QUEBECOR MEDIA INC. ANNUAL REPORT 2006 ANNUAL REPORT 2006
6 0 0 2 T R O P E R L A U N N A . C N I A V T P U O R G tva.canoe.com A SUBSIDIARY OF QUEBECOR MEDIA INC. ANNUAL REPORT 2006 ANNUAL REPORT 2006 TVA at the heart of the digital revolution Table of Contents • Profile 2 • Financial Highlights 3 • Message to shareholders 6 • Review of operations 14 • Management’s discussion and analysis 26 • Auditors’ report to the shareholders 45 • Consolidated financial statements 46 • Six-year review 76 • Board of Directors and the management 77 Profile A FINANCIAL TVA Group Inc. (TVA Group, TVA or the Company), founded in HIGHLIGHTS 1961 under the name Corporation Télé-Métropole inc., is an (in thousands of dollars, except for amounts pertaining to shares) integrated communications company with operations in television, magazine editing and the distribution of audiovisual content. 2006 2005 Operating revenues $ 393,312 $ 401,352 Operating income before amortization, financial expenses, restructuring costs of operations, depreciation of intangibles assets, gain on business TELEVISION PUBLISHING acquisition and disposal, (recovery) income taxes, non-controlling interest, equity in income of companies subject to significant influence 42,056 52,991 TVA is one of the largest private-sector French-language TVA operates in the publishing sector (Net loss) net income (3,140) 28,373 producer and the largest private-sector broadcaster of through its subsidiaries, TVA Publications Cash flows provided by current operations 29,991 36,561 French-language entertainment, news and public Inc. and TVA Publications II Inc. (TVA Total assets 477,504 513,374 affairs programming in North America.
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