Australia Yearbook - 2001

722 Year Book Australia 2001
Company profits
Profits before income tax earned by incorporated
manufacturing businesses fell by 6% between
1997–98 and 1998–99, following a rise of 15%
from 1996–97 to 1997–98 (table 19.14). Profits fell
between 1997–98 and 1998–99 in four of the nine
manufacturing subdivisions; by far the largest fall
was recorded in Metal product manufacturing (of
$1,060m, or 53%). Largest rises were in Wood and
paper product manufacturing ($188m, or 27%),
Non-metallic mineral product manufacturing
($194m, or 16%) and Printing, publishing and
recorded media ($164m, or 14%).
Industry subdivisions contributing most to
manufacturing industry profits for 1998–99 were
Food, beverage and tobacco manufacturing
(27%), Petroleum, coal, chemical and associated
product manufacturing (21%), Machinery and
equipment manufacturing (13%) and Printing,
publishing and recorded media (12%).
Principal manufactured
commodities
Table 19.15 shows the production of selected
manufactured commodities for the three years
1996–97 to 1998–99.
Price indexes
The ABS compiles two price indexes relating to
the manufacturing sector: the Price Indexes of
Materials Used in Manufacturing Industries; and
the Price Indexes of Articles Produced by
Manufacturing Industries (see Chapter 28, Prices
for more details). Tables 19.16 and 19.17 set out
index numbers for selected components of
those indexes.
19.14 PROFITS BEFORE INCOME TAX, Manufacturing Companies
1996–97 1997–98
1998–99
Industry subdivision
$m
$m
$m
Food, beverage and tobacco manufacturing 2 285 2 947 2 966
Textile, clothing, footwear and leather manufacturing 203 232 198
Wood and paper product manufacturing 625 694 882
Printing, publishing and recorded media 1 098 1 185 1 349
Petroleum, coal, chemical and associated product manufacturing 1 925 2 246 2 290
Non-metallic mineral product manufacturing 602 723 837
Metal product manufacturing 1 502 1 989 929
Machinery and equipment manufacturing 1 842 1 537 1 413
Other manufacturing 42 73 72
Total manufacturing 10 126 11 627 10 936
Source: Company Profits, Australia (5651.0).