ANNUAL REPORT 2017 35 $17,790,000 All figures are in USD and have been rounded to simplify the reading of financial data. 2018 budgeted expenses include investments in fixed assets and exclude gifts-in- kind. 2018 Program Acquisition, $362,000 2% Broadcasting & IT $2,791,000 15% Audience Relations & Research $662,000 4% Investment in Fixed Assets $660,000 4% Programming & Production $6,192,000 35% Finance & Legal, HR & Corporate Governance $1,917,000 11% Other Operational Expenses $2,097,000 12% Marketing & Communications $1,519,000 8% Fundraising $1,590,000 9% TOTAL BUDGET $17,790,000 2018 TOTAL BUDGET SAT-7 KIDS $3,073,000 17% SAT-7 PARS $3,600,000 20% SAT-7 TÜRK $3,516,000 20% SAT-7 ARABIC $5,093,000 29% SAT-7 ACADEMY $2,508,000 14%