Publication - Statistics

Economic Report on Scottish Agriculture 2011 Edition

Published: 15 June 2011
ISBN: 9781780452111

Invalid description field:Agriculture

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

ASSETS:
	2001 ⁽²⁾	2002	2003	2004	2005	2006	2007	2008	2009	2010 (prov)
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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