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 5.5% to 9.7%.
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 3.6% in 2001-02 to 1.3% 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, 2005-06 (cat. no. 4183.0), collection reported that the Australian, state and territory governments contributed a total of $34m towards Literature and print media in 2005-06, which was an increase of 4% from the 2003-04 financial year.
11.4 CULTURAL FUNDING BY GOVERNMENT, Literature and print media - 2003-04 to 2005-06 |
| |
| 2003-04 | 2004-05 | 2005-06 | |
| $m | $m | $m | |
| |
Australian Government | 27.9 | 27.6 | 29.5 | |
State and Territory Government | 4.5 | 4.7 | 4.2 | |
Total | 32.4 | 32.4 | 33.7 | |
| |
Source: ABS, Cultural Funding by Government, Australia, 2005-06 (cat. no. 4183.0). |