Publication - Statistics

Economic Report on Scottish Agriculture 2011 Edition

Published: 15 June 2011
ISBN: 9781780452111

Invalid description field:Agriculture

Table B6(c) Average opening and closing balance sheets by tenure and type of farm 2009/10: Mixed Tenure Farms

Type of farm	Specialist sheep ( LFA)		Specialist beef ( LFA)		Cattle and sheep ( LFA)		Cereals
Number of farms in sample	8		29		21		25
	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⁾	584,341	614,115	405,606	462,002	388,158	412,990	790,750	846,042
Other fixed assets ⁽²⁾	77,804	82,005	138,999	164,363	145,681	168,877	132,686	146,461
Current assets ⁽³⁾	79,853	75,132	222,786	199,163	211,072	211,065	262,786	232,628
Total assets	741,999	771,251	767,392	825,528	744,910	792,932	1,186,222	1,225,131
Liabilities
Bank loans	44,584	37,924	20,914	32,841	43,914	44,140	34,175	34,723
Other long and medium term loans ⁽⁴⁾	17,941	17,440	12,912	9,871	8,435	8,311	31,562	45,942
Bank overdraft	61,883	68,670	24,269	24,046	24,306	25,132	64,998	61,720
Other short term loans ⁽⁵⁾	8,853	15,299	12,041	18,098	18,742	21,878	42,615	43,952
Total external liabilities	133,261	139,332	70,136	84,855	95,397	99,461	173,351	186,337
(of which total bank borrowing)	(106,467)	(106,594)	(45,184)	(56,886)	(68,220)	(69,272)	(99,173)	(96,443)
Net worth	608,738	631,919	697,256	740,674	649,513	693,470	1,012,871	1,038,794
Total external liabilities as a percentage of total assets	18	18	9	10	13	13	15	15
Type of farm	General cropping		Dairy		Mixed		All farm types ⁽⁶⁾
Number of farms in sample	19		12		21		140
	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⁾	1,278,606	1,318,270	525,178	585,475	785,591	844,423	641,268	687,980
Other fixed assets ⁽²⁾	234,797	252,964	215,661	233,977	144,793	160,685	154,728	172,854
Current assets ⁽³⁾	353,894	305,357	300,161	286,646	299,677	280,103	247,004	226,576
Total assets	1,867,691	1,876,591	1,040,999	1,106,098	1,230,061	1,285,211	1,043,052	1,087,411
Liabilities
Bank loans	60,705	64,237	45,957	37,648	24,853	76,955	36,702	44,741
Other long and medium term loans ⁽⁴⁾	18,402	13,119	14,889	14,889	14,750	13,039	16,333	16,315
Bank overdraft	76,190	100,848	30,287	46,967	45,249	39,081	43,352	47,991
Other short term loans ⁽⁵⁾	70,446	66,469	36,407	38,715	22,575	21,271	27,881	30,372
Total external liabilities	225,743	244,674	127,540	138,218	107,394	150,347	124,263	139,419
(of which total bank borrowing)	(136,895)	(165,086)	(76,244)	(84,614)	(70,103)	(116,037)	(80,053)	(92,732)
Net worth	1,641,948	1,631,917	913,460	967,880	1,122,667	1,134,864	918,789	947,992
Total external liabilities as a percentage of total assets	12	13	12	12	9	12	12	13

(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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