BBC expecting £140m surplus
May 1, 2012
The BBC is expecting an operating surplus of £140 million (€171m) for its latest financial year to the end of March 2012, which it will use for any unexpected overspends in its Queen’s jubilee and Olympics coverage.
According to leaked figures in The Guardian, the BBC’s operations have delivered the £140 million surplus in the past 12 months – the amount left over from licence fee income once the cost of producing and distributing its TV, radio and online content is taken into account.
Internal forecasts made by the corporation also suggest that the BBC’s commercial enterprises, which includes BBC Worldwide and international operations such as BBC World News, are predicted to deliver around a £219 million operating profit.