Economic Report on Scottish Agriculture 2011 Edition

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Table A13 Estimated balance sheet for Scottish agriculture at current prices, 2001 to 2010 (1)(4)

2001 (2)

2002

2003

2004

2005

2006

2007

2008

2009

2010 (prov)

ASSETS:

Fixed:

£ million

£ million

£ million

£ million

£ million

£ million

£ million

£ million

£ million

£ million

Land and buildings (3)

10,490

11,210

11,280

11,465

14,015

15,110

17,855

25,480

29,635

32,325

Plant and machinery

620

620

580

590

595

615

620

675

740

815

Farm vehicles

55

55

60

65

70

75

75

75

85

90

Farm cars

55

50

50

50

50

50

50

55

60

65

Breeding livestock

710

760

850

810

700

685

825

925

1,160

1,140

Total fixed assets

11,925

12,695

12,815

12,970

15,435

16,535

19,430

27,210

31,685

34,435

Current:

Trading livestock

435

410

405

410

455

475

445

515

625

560

Crops and stores

170

140

185

165

150

250

260

305

270

310

Financial

845

730

745

735

775

940

980

1,210

1,170

1,120

Total current assets

1,450

1,280

1,335

1,310

1,380

1,660

1,685

2,030

2,065

1,995

TOTAL ASSETS

13,380

13,975

14,155

14,280

16,815

18,200

21,115

29,240

33,750

36,425

LIABILITIES:

Long term:

Bank loans

315

385

435

460

525

505

445

525

575

600

Other

210

250

300

315

360

370

335

350

310

280

Total long term

525

635

735

775

880

875

780

875

885

880

Short term:

Bank

845

825

800

760

850

865

780

855

810

770

Other

295

320

345

335

370

445

465

575

575

565

Total short term

1,140

1,145

1,140

1,095

1,215

1,310

1,250

1,430

1,385

1,335

TOTAL LIABILITIES

1,665

1,780

1,880

1,870

2,100

2,185

2,025

2,305

2,270

2,215

NET WORTH

11,715

12,195

12,275

12,410

14,720

16,015

19,090

26,940

31,480

34,210

Net worth as % of total assets

88

87

87

87

88

88

90

92

93

94

(1) Rounded to the nearest £5 million. Individual items may not sum to total.
(2) Foot and mouth disease compensation amounting to £177 million was paid to Scottish farmers: this was used either to increase the value of assets or to reduce liabilities, particularly bank borrowings.
(3) The value of land and buildings does not include the domestic share of dwellings, but does include the business share ie the value of the proportion of the farmhouse used for business purposes.
(4) The value of land and buildings has been estimated from Farm Accounts data, due to a lack of land sales data.

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