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: ABS, 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: ABS, Book Retailers, Australia, 2003-04 (cat. no. 1371.0).

According to Cultural Funding by Government, 2006-07 (cat. no. 4183.0), the Australian, state and territory governments contributed a total of $31.6m towards Literature and print media in 2006-07, which was a decrease of 7% from the revised figure for the 2005-06 financial year.

11.4 CULTURAL FUNDING BY GOVERNMENT, Literature and print media - 2004-05 to 2006-07
	2004-05	2005-06	2006-07
	$m	$m	$m
Australian Government	27.6	29.5	25.0
State and territory government	4.7	4.4	6.5
Total	32.4	33.9	31.6
Source: ABS, Cultural Funding by Government, Australia, 2006-07 (cat. no. 4183.0).

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