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FINANCIAL DATA

The 2002-03 ABS Cultural Funding by Government collection reported that the Australian Government provided total funding of $91.3 million for Film and video, while state and territory governments contributed $84.7m.

16.4 AUSTRALIAN FEATURE FILMS, Sources of Finance
		Contribution	Proportion of total budget	No. of films invested in
		$m	%	no.
Australian government sources(a)
	2000-01	43.5	54	13
	2001-02	28.9	22	16
	2002-03	18.8	39	8
	2003-04	31.6	24	11
Australian private investors(b)
	2000-01	8.4	10	9
	2001-02	28.9	22	16
	2002-03	21.3	44	10
	2003-04	10.1	8	6
Australian film/TV industry(c)
	2000-01	6.4	8	9
	2001-02	16.6	13	17
	2002-03	4.0	8	6
	2003-04	7.1	5	9
Foreign sources
	2000-01	22.0	27	10
	2001-02	56.5	43	9
	2002-03	4.5	9	5
	2003-04	85.2	64	5
(a) Australian state and federal agencies and funding bodies, the Australian Broadcasting Commission and Special Broadcasting Service.
(b) Private investment sources including Film Licensed Investment Companies (FLICs).
(c) Mainly Australian free-to-air broadcasters and pay TV channels, as well as Australian-based TV production and distribution companies.
Australian Film Commission, National Survey of Feature Film and TV Drama Production, 2003-04.

Data from the National Survey of Feature Film and TV Drama Production, conducted by the Australian Film Commission, show that government sources accounted for 24% of total funding for Australian features in 2003-04. The majority of these funds came via the Film Finance Corporation, which invested $29.7m in Australian features and co-productions, while state agencies contributed a further $3.8m.

Overseas investors were the most significant source of funds in 2003-04, contributing $85.2m (or 64% of total funding) to five titles, with the animated feature Happy Feet accounting for the bulk of their investment.

Australian films accounted for only four per cent of the total box office receipts of Australian cinemas. As the graph shows, this percentage has fluctuated over time, depending on the success of Australian movies released in each of the years.

16.5 AUSTRALIAN FILMS' SHARE OF THE AUSTRALIAN BOX OFFICE

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).