Queensland Life Sciences Industry Report 2012 (PDF, 3.5MB)

Queensland Life Sciences Industry Report 2012
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7.INCOME AND EXPENDITURE
“Surveyed organisations (135) reported a combined income of $1995 million
in 2011, whilst the estimate for all 301 Life Sciences organisations in
Queensland was just over $4360 million.”
7.1 Income
7.1.1 Total Reported Income
Survey respondents (100) reported a total income of $1995 million in 2011 (Table 34). The average income
across respondents was $19.9 million and the median was $3.3 million. 53% of this income ($1060 million)
was reported by biotechnology organisations and 47% ($936 million) by TMD organisations. The average
income reported for companies was $15.6 million, or less than half that for research organisations at
$35.2 million.
TABLE 34: Queensland Life Sciences Industry Income, Companies vs. Research Organisations 2011
(100 respondents)
All respondents (100) Companies (78) Research Organisations (22)
Total Income ($m) $1994.6 $1220.0 $774.4
Average Income ($m) $19.9 $15.6 $35.2
Median Income ($m) $3.3 $1.75 $12.4
Table 35 shows the total and average income reported by companies according to the sub-sector.
TABLE 35: Income by industry sub-sector 2009 (78 respondents)
Number of
Organisations
Organisations
reporting income
Income
($m)
Average
($m)
Complementary Medicines 11 9 $269 $29.9
Medical Devices and
Equipment
23 15 $434 $28.9
Pharmaceuticals, Vaccines
or Drug Discovery
14 7 $144 $20.5
Biotechnology 12 9 $167 $18.5
Diagnostics 5 5 $57 $11.3
Industry Service Provider 25 18 $114 $6.3
Other 6 4 $12 $3.1
Animal Health 6 6 $15 $2.5
Functional Food/
Nutraceuticals
9 5 $9 $1.8
Across all organisations 111 78 $1,220 $20.1
7.1.2 Sources of Income
The majority of income across all respondents (94) was generated from the sale of goods or services (57%)
and grant funding (36%). A small proportion of total income was derived from philanthropic funding sources
(2%) and licenses or royalties (0.3%) (Figure 9).