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1301.0 - Year Book Australia, 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003   
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Contents >> Manufacturing >> Company profits

Profits before income tax earned by incorporated manufacturing businesses with 20 or more employees decreased by 2.7% between 1999-2000 and 2000-01, following an increase of 9.7% from 1998-99 to 1999-2000 (table 19.19). Profits rose between 1999-2000 and 2000-01 in three of the nine manufacturing subdivisions; by far the largest increase was recorded in Metal product manufacturing ($1,059m, or 95.9%) which is an increase of 333.5% in profits since 1998-99. Large declines occurred between 1999-2000 and 2000-01 in Other manufacturing (by 69.0%), Non-metallic mineral product manufacturing (by 40.1%), Textile, clothing, footwear and leather manufacturing (by 37.2%), and Petroleum, coal, chemical and associated product manufacturing (by 32.0%).

Industry subdivisions contributing most to manufacturing industry profits for 2000-01 were Food, beverage and tobacco manufacturing (27.3%), Metal product manufacturing (18.5%), Machinery and equipment manufacturing (13.6%), Petroleum, coal, chemical and associated product manufacturing (13.5%), and Printing, publishing and recorded media (11.1%).


19.19 PROFITS BEFORE INCOME TAX, Current prices(a)

1998-99
1999-2000
2000-01
Industry subdivision
$m
$m
$m

Food, beverage and tobacco manufacturing
3,115
2,798
3,191
Textile, clothing, footwear and leather manufacturing
167
285
179
Wood and paper product manufacturing
901
996
926
Printing, publishing and recorded media
1,421
1,657
1,292
Petroleum, coal, chemical and associated product manufacturing
2,284
2,314
1,574
Non-metallic mineral product manufacturing
895
1,169
700
Metal product manufacturing
499
1,104
2,163
Machinery and equipment manufacturing
1,540
1,454
1,582
Other manufacturing
110
213
66
Total manufacturing
10,927
11,992
11,671

(a) The annual estimates are the sum of the four quarters' estimates in the year.

Source: Business Indicators, Australia (5676.0).


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