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ECONOMIC AND FINANCIAL PERFORMANCE

Australian Industry, 2007-08 (cat. no. 8155.0) has more detailed data on selected cultural industries, which is provided in table 6.3, at the sub-division level. Information about industry classifications (such as sub-divisions) can be found in Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 edition (cat. no. 1292.0).

Between 2006-07 and 2007-08, the number of people employed in Heritage activities increased by 17% (1,000 employees). Motion and sound recording activities also recorded an increase (15% or 4,000 people) in the same period.

The largest percentage increase in total income during 2007-08 was 16% ($851m) for Motion Picture and sound recording activities, followed by Heritage activities (10% or $67m).

Broadcasting (except internet) had the greatest increase of operating profits before tax in 2007-08, at 50%, followed by Heritage activities (18%) and Printing (including the reproduction of recorded media) at 13%. Publishing (except internet and music publishing) was the only other selected cultural industry to record an increase in operating profits before tax (6%).

Publishing (except internet and music publishing) had the highest industry value added in 2007-08 at $7,232m, followed by Printing (including the reproduction of recorded media) ($3,974m) and Broadcasting (except internet) ($3,788m). Publishing (except internet and music publishing) also had the highest percentage of businesses making a profit at 80%, closely followed by Internet publishing and broadcasting at 79% and Heritage activities at 75%.

6.3 INDUSTRY PERFORMANCE, By selected subdivision - 2006-07 and 2007-08
ANZSIC subdivision			2006-07	2007-08
Printing (including the reproduction of recorded media)
	Employment at end of June(a)	'000	^50	48
	Sales and service income(b)	$m	9 361	9 429
	Total income	$m	9 466	9 666
	Total expenses	$m	8 724	8 827
	Industry value added(c)	$m	3 883	3 974
	Operating profit before tax(c)	$m	^752	*852
	Industry value added per person employed(d)	$'000	77	82
	Percentage of businesses that made a profit	%	76	69
	Percentage of businesses that broke even	%	1	-
	Percentage of businesses that made a loss	%	23	30
Publishing (except internet and music publishing)
	Employment at end of June(a)	'000	48	47
	Sales and service income(b)	$m	12 665	^12 982
	Total income	$m	12 782	^13 234
	Total expenses	$m	9 943	^10 243
	Industry value added(c)	$m	6 575	^7 232
	Operating profit before tax(c)	$m	2 839	*3 005
	Industry value added per person employed(d)	$'000	138	152
	Percentage of businesses that made a profit	%	72	80
	Percentage of businesses that broke even	%	-	-
	Percentage of businesses that made a loss	%	28	20
Motion picture and sound recording activities
	Employment at end of June(a)	'000	27	31
	Sales and service income(b)	$m	5 024	5 831
	Total income	$m	^5 222	6 073
	Total expenses	$m	^4 469	5 708
	Industry value added(c)	$m	1 914	2 048
	Operating profit before tax(c)	$m	^761	**408
	Industry value added per person employed(d)	$'000	70	66
	Percentage of businesses that made a profit	%	69	65
	Percentage of businesses that broke even	%	1	3
	Percentage of businesses that made a loss	%	30	32
Broadcasting (except internet)
	Employment at end of June(a)	'000	19	18
	Sales and service income(b)	$m	8 616	8 310
	Total income	$m	9 114	8 814
	Total expenses	$m	7 821	6 895
	Industry value added(c)	$m	3 593	3 788
	Operating profit before tax(c)	$m	^1 301	1 954
	Industry value added per person employed(d)	$'000	191	211
	Percentage of businesses that made a profit	%	65	69
	Percentage of businesses that broke even	%	-	-
	Percentage of businesses that made a loss	%	35	31
Internet publishing and broadcasting
	Employment at end of June(a)	'000	3	3
	Sales and service income(b)	$m	717	np
	Total income	$m	^758	np
	Total expenses	$m	^537	572
	Industry value added(c)	$m	^419	np
	Operating profit before tax(c)	$m	*225	np
	Industry value added per person employed(d)	$'000	125	np
	Percentage of businesses that made a profit	%	64	79
	Percentage of businesses that broke even	%	1	1
	Percentage of businesses that made a loss	%	36	20
Library and other information services
	Employment at end of June(a)	'000	2	2
	Sales and service income(b)	$m	284	^295
	Total income	$m	315	320
	Total expenses	$m	274	291
	Industry value added(c)	$m	118	^129
	Operating profit before tax(c)	$m	*41	*29
	Industry value added per person employed(d)	$'000	72	86
	Percentage of businesses that made a profit	%	69	64
	Percentage of businesses that broke even	%	2	1
	Percentage of businesses that made a loss	%	29	36
Heritage activities
	Employment at end of June(a)	'000	6	^7
	Sales and service income(b)	$m	466	499
	Total income	$m	655	722
	Total expenses	$m	538	581
	Industry value added(c)	$m	287	307
	Operating profit before tax(c)	$m	^120	^142
	Industry value added per person employed(d)	$'000	47	46
	Percentage of businesses that made a profit	%	66	75
	Percentage of businesses that broke even	%	2	-
	Percentage of businesses that made a loss	%	31	25
Creative and performing arts activities
	Employment at end of June(a)	'000	35	35
	Sales and service income(b)	$m	2 928	2 608
	Total income	$m	3 381	3 003
	Total expenses	$m	2 708	2 419
	Industry value added(c)	$m	1 437	^1 373
	Operating profit before tax(c)	$m	^678	^587
	Industry value added per person employed(d)	$'000	41	40
	Percentage of businesses that made a profit	%	71	72
	Percentage of businesses that broke even	%	2	3
	Percentage of businesses that made a loss	%	27	25
^ estimate has a relative standard error of 10% to less than 25% and should be used with caution
* estimate has a relative standard error of 25% to 50% and should be used with caution
** estimate has a relative standard error greater than 50% and is considered too unreliable for general use
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Includes working proprietors.
(b) Includes rent, leasing and hiring income.
(c) The size of the RSE may be a misleading indicator of the reliability of some of the estimates for OPBT and IVA. It is possible for an estimate to legitimately include positive and negative values, reflecting the financial performance of individual businesses. In this case, the aggregated estimate can be small relative to the contribution of individual businesses, resulting in a standard error which is large relative to the estimate.
(d) Calculated using estimates of employment which include working proprietors and partners.
Source: Australian Industry, 2007-08 (cat. no. 8155.0).