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BBC Worldwide was restructured during the year, creating
the new businesses Television Channels, Television Sales,
Magazines, Home Entertainment, Children’s and New Media.
The year is characterised by improved performance across
the business, as a result of strong trading, restructuring in
loss-making activities and cost-cutting.
| (£m) |
Sales |
|
PBIT |
|
| |
04 |
05 |
|
04 |
05 |
|
| TV Channels |
122.2 |
140.6 |
|
2.7 |
4.0 |
|
|
| Television Sales |
167.7 |
171.0 |
|
23.2 |
31.7 |
|
|
Magazines
(including Children's magazines) |
146.1 |
169.4 |
|
16.2 |
22.0 |
|
|
Home Entertainment
(including Learning) |
151.3 |
168.1 |
|
10.3 |
9.5 |
|
|
Children's
(excluding Children's magazines) |
40.9 |
30.0 |
|
(11.1) |
(6.6) |
|
|
| New Media |
29.0 |
26.9 |
|
(4.6) |
(5.4) |
|
|
| Total |
657.2 |
706.0 |
|
36.7 |
55.2 |
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In Television Channels, the first UKTV dividend of £2.1million
was received seven years after the venture was launched.
This has enabled Channels to increase profit by 48% to
£4.0 million at the same time as investing in the launch of
BBC Japan and BBC Prime in Asia.
Television Sales, with profits of £31.7 million, had a
record year. Turnover was up £3.3 million despite a weak
US dollar, but a profit increase of £8.5 million resulted from
an increased proportion of licensing activity relative to lower-margin US co-production and format-production sales.
In magazines, turnover has increased 16% (4% excluding
the effect of acquisitions and Eve sale) reflecting strong
performances from a number of titles and the relaunch of
BBC Good Homes. Together with the closure of loss-making
titles and the successful transfer of BBC History, BBC Music
and BBC Wildlife to Origin, this delivered a £0.3 million
improvement in normalised profit. |
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