Economic Report on Scottish Agriculture 2011 Edition

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APPENDIX OF TABLES AND CHARTS

Table B6(a) Average opening and closing balance sheets by tenure and type of farm, 2009/10: Owner-occupied Farms

Type of farm

LFA: Specialist sheep

LFA: Specialist beef

LFA: Cattle and sheep

Cereals

Number of farms in sample

25

50

20

33

Valuation

Valuation

Valuation

Valuation

Opening

Closing

Opening

Closing

Opening

Closing

Opening

Closing

Assets

£/farm

£/farm

£/farm

£/farm

£/farm

£/farm

£/farm

£/farm

Land and buildings etc (1)

429,510

493,951

502,174

536,848

644,972

715,972

1,100,298

1,209,781

Other fixed assets (2)

49,486

56,669

115,314

134,657

133,698

152,098

112,339

125,878

Current assets (3)

87,364

72,423

188,293

178,809

174,801

173,828

275,331

248,928

Total assets

566,360

623,043

805,780

850,314

953,471

1,041,897

1,487,969

1,584,587

Liabilities

Bank loans

5,709

4,951

26,842

26,049

47,418

69,394

16,240

15,524

Other long and medium term loans (4)

8,598

8,371

9,218

7,984

3,616

3,723

26,734

26,376

Bank overdraft

18,692

15,894

35,752

33,578

43,669

34,520

31,153

43,625

Other short term loans (5)

9,159

8,476

15,056

16,814

19,520

25,174

39,089

34,832

Total external liabilities

42,158

37,692

86,868

84,424

114,223

132,812

113,216

120,357

(of which total bank borrowing)

(24,401)

(20,845)

(62,594)

(59,627)

(91,087)

(103,915)

(47,393)

(59,149)

Net worth

524,202

585,351

718,912

765,890

839,248

909,085

1,374,753

1,464,230

Total external liabilities as a percentage of total assets

7

6

11

10

12

13

8

8

Type of farm

General cropping

Dairy

Mixed

All farm types (6)

Number of farms in sample

23

33

31

222

Valuation

Valuation

Valuation Valuation

Opening

Closing

Opening

Closing

Opening

Closing

Opening

Closing

Assets

£/farm

£/farm

£/farm

£/farm

£/farm

£/farm

£/farm

£/farm

Land and buildings etc (1)

1,347,120

1,436,125

825,762

930,481

669,201

709,589

777,234

846,705

Other fixed assets (2)

147,226

163,427

208,742

231,537

123,557

142,005

126,271

143,126

Current assets (3)

270,059

218,070

281,119

278,858

247,999

232,086

221,992

203,026

Total assets

1,764,405

1,817,622

1,315,623

1,440,876

1,040,756

1,083,680

1,125,578

1,192,857

Liabilities

Bank loans

44,313

72,709

28,534

41,433

9,664

13,568

26,191

33,740

Other long and medium term loans (4)

19,853

19,902

52,992

51,922

8,896

9,485

19,168

18,701

Bank overdraft

27,782

30,905

48,811

48,671

60,848

61,561

36,933

38,101

Other short term loans (5)

30,960

27,924

40,571

43,477

22,001

20,891

24,160

24,679

Total external liabilities

122,908

151,440

170,908

185,503

101,409

105,506

106,452

115,221

(of which total bank borrowing)

(72,095)

(103,614)

(77,346)

(90,103)

(70,512)

(75,129)

(63,124)

(71,842)

Net worth

1,641,497

1,666,182

1,144,715

1,255,373

939,347

978,174

1,019,126

1,077,635

Total external liabilities as a percentage of total assets

7

8

13

13

10

10

9

10

(1) Land and buildings, improvements and fixed equipment.
(2) Machinery, equipment and vehicles, and breeding livestock.
(3) Physical working assets such as trading livestock, harvested and growing crops, purchased stores and liquid assets such as sundry debtors.
(4) Loans by the Scottish Agricultural Securities Corporation, insurance companies and building societies and also family loans.
(5) Outstanding capital debt for machinery and equipment being acquired under hire purchase or finance leasing arrangements, and also sundry creditors and receipts in advance.
(6) Includes Lowground Cattle & Sheep farms not identified separately above.

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