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4172.0 - Arts and Culture in Australia: A Statistical Overview, 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/06/2007  Reissue
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Contents >> 16.0 Film and Video - Introduction >> 16.3 Financial Data

FINANCIAL DATA

The 2004-05 ABS Cultural Funding by Government collection reported that the Australian Government provided total funding of $128.7 million for Film and video, while state and territory governments contributed $68.6m.

16.4 AUSTRALIAN FEATURE FILMS, Sources of Finance

Contribution
Proportion of total budget
No. of films invested in
$m
%
no.

Australian government sources(a)
2002-03
18.9
39
9
2003-04
30.6
23
11
2004-05
25.4
39
11
2005-06
46.0
47
18
5-yr average
29.9
34
13
Australian private investors(b)
2002-03
21.1
43
10
2003-04
11.2
8
11
2004-05
20.0
30
14
2005-06
7.7
8
12
5-yr average
17.8
22
13
Australian film/TV industry(c)
2002-03
4.5
9
8
2003-04
8.2
6
9
2004-05
8.4
13
13
2005-06
16.3
17
18
5-yr average
10.9
11
14
Foreign sources
2002-03
4.5
9
5
2003-04
85.5
63
6
2004-05
12.1
18
5
2005-06
27.8
28
9
5-yr average
37.3
32
7

(a) Includes Australian state and federal agencies and funding bodies, and SBS. Comprises equity investments only - distribution guarantees, loans and underwriting are not included.
(b) Private investment sources including Film Licensed Investment Companies (FLICs), 10BA and 10B certified projects (Film tax incentives).
(c) Includes Australian-based film and TV production companies, distribution companies, commercial free-to-air broadcasters and pay TV channels.
Australian Film Commission, National Survey of Feature Film and TV Drama Production, 2005-06.


Data from the National Survey of Feature Film and TV Drama Production, conducted by the Australian Film Commission, show that government sources accounted for 47% of total funding for Australian features in 2005-06. The majority of these funds came via the Film Finance Corporation, which invested $42.6m in Australian features and co-productions, while state agencies contributed a further $5.7m.


Overseas investors were also a significant source of funds in 2005-06, contributing $27.8m (or 28% of total funding) to nine titles, with one fully financed film 'Rogue' accounting for the bulk of their investment.


In 2006, Australian films accounted for only 4.6% of the total box office receipts of Australian cinemas. As the graph shows, this percentage has fluctuated over time.

16.5 AUSTRALIAN FILMS' SHARE OF THE AUSTRALIAN BOX OFFICE
Graph: Australian Films' Share of the Australian Box Office



While the income derived from the production of commercials increased by 23% between 1999-2000 and 2002-03, the income from all other types of film and video production decreased. This meant overall production income was 8% lower in 2002-03 than in 1999-2000. However, increases in income from other sources, particularly postproduction and other production services meant the total income for film and video production businesses was greater in 2002-03.

16.6 INCOME AND EXPENSES OF BUSINESSES IN THE FILM AND VIDEO PRODUCTION INDUSTRY - 1999-2000 and 2002-03

1999-2000
2002-03
Value
Percentage
contribution
Value
Percentage
contribution
$m
%
$m
%

Income
Income from the production of:
Feature films
74.0
5.0
59.2
3.7
Television programs
472.2
32.0
393.6
24.7
Commercials
186.2
12.6
228.4
14.3
Corporate, training and marketing videos
72.0
4.9
70.6
4.4
Other
45.5
3.1
26.8
1.7
Total
849.9
57.7
(a)778.6
48.8
Income from the provision of production services to other businesses
233.1
15.8
350.9
22.0
Income from the provision of post-production/film laboratory services to other businesses
262.6
17.8
360.5
22.6
Other income
128.2
8.7
106.5
6.7
Total income
1 473.8
100.0
1 596.6
100.0
Expenses
Labour costs
Wages and salaries
373.5
26.7
402.4
26.7
Other
53.1
3.8
63.9
4.2
Total
426.6
30.5
466.3
31.0
Payments to other businesses for production services
250.8
17.9
215.8
14.3
Payments to other businesses for post-production/film laboratory services
88.3
6.3
89.5
5.9
Rent, leasing and hiring expenses
65.5
4.7
85.4
5.7
Travelling, accommodation and entertainment expenses
34.8
2.5
38.5
2.6
Purchases of film stock and video tape stock
50.6
3.6
62.4
4.1
Other purchases
45.8
3.3
63.1
4.2
Amortisation of productions
61.1
4.4
*38.7
2.6
Other
374.4
26.8
445.1
29.6
Total expenses
1 397.9
100.0
1 504.8
100.0

* estimate has a relative standard error of 25% to 50% and should be used with caution
(a) Of the $778.6m received from the production of films and programs etc., $88.9m were commissioned (i.e. the business did not retain the rights to the production).
ABS, Television, Film and Video Production, 2002-03 (cat. no. 8679.0) and Film and Video Production and Distribution, 1999-2000 (cat. no. 8679.0).


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