FINANCIAL DATA
The value of operating profit before tax for book publishers increased by 75% between 2002-03 to 2003-04, from $86.9m to $152.1m. This led to an increase in profit margin from 6% to 10%.
11.2 BOOK PUBLISHERS(a), Income and expense items - 2002-03 and 2003-04 |
|
| | | 2002-03 | 2003-04 |
| | | $m | $m |
|
Income | | |
| Sale of books | | |
| | Australian titles | 877.4 | 811.9 |
| | Imported titles | 490.4 | 541.3 |
| | Total | 1 367.9 | 1 353.2 |
| Sales of other goods | 73.8 | 68.6 |
| Other sources of income | 126.0 | 138.9 |
| Total income | 1 567.7 | 1 560.6 |
Expenses | | |
| Wages and salaries | 247.9 | 266.1 |
| Royalties and fees paid | 102.0 | 90.6 |
| Other expenses | 1 127.1 | 1 047.8 |
| Total expenses | 1 476.9 | 1 404.4 |
Operating profit before tax | 86.9 | 152.1 |
|
(a) 'Book publishers' includes only businesses for which the predominant activity is book publishing. The largest 20 book publishers is ranked in terms of total income.'Other major contributors' includes only the book publishing employment of businesses for which the predominant activity is not book publishing, but book publishing income is $2m or more.Employment includes working proprietors. |
Source: Book Publishers, 2003-04 (cat. no. 1363.0). |
Comparative financial data for the period 2001-02 to 2003-04 is available from the Book Retailers Survey. Bookshops recorded growth in terms of sales over this period, although the operating profit before tax declined, with the profit margin declining from 4% in 2001-02 to 1% in 2003-04.
11.3 BOOKSHOPS(a), Summary of operations - 2001-02 to 2003-04 |
|
| | 2001-02 | 2002-03 | 2003-04 |
| | $m | $m | $m |
|
Income | | | |
| Retail sales of new books(b) | 957.4 | 941.7 | 1 103.3 |
| Other retail sales | 104.6 | 92.1 | 131.2 |
| Other income | 33.4 | 26.0 | 62.5 |
| Total income | 1 095.4 | 1 059.7 | 1 297.0 |
Expenses | | | |
| Purchase of new books | 604.6 | 587.3 | 678.4 |
| Wages and salaries | 149.0 | 145.9 | 180.3 |
| Other | 322.9 | 311.9 | 428.9 |
| Total expenses | 1 076.4 | 1 045.2 | 1 287.6 |
Operating profit before tax | 39.0 | 19.7 | 16.6 |
|
(a) Includes only those businesses which are classified according to the ANZSIC as Newspaper, book and stationery retailing and for which the value of new book sales comprises at least 50% of all retail sales. |
(b) Includes electronic and audio books. |
Source: Book Retailers, Australia, 2003-04 (cat. no. 1371.0). |
According to
Cultural Funding by Government, 2007-08 (cat. no. 4183.0), the Australian government provided funding of $27.2m towards Literature and print media in 2007-08, and state and territory governments contributed an additional $8.2m.
11.4 CULTURAL FUNDING BY GOVERNMENT, Literature and print media - 2007-08 |
|
| 2007-08 |
| $m |
|
Australian Government | 27.2 |
State and territory government | 8.2 |
Total | 35.4 |
|
Source: Cultural Funding by Government, Australia, 2007-08 (cat. no. 4183.0). |