Publication - Statistics

Economic Report on Scottish Agriculture 2011 Edition

Published: 15 June 2011
ISBN: 9781780452111

Invalid description field:Agriculture

Scottish agriculture: economic reports

Table B6(d) Average opening and closing balance sheets by tenure and type of farm 2009/10: All Tenures

Type of farm	Specialist sheep ( LFA)		Specialist beef ( LFA)		Cattle and sheep ( LFA)		Lowground Cattle and sheep		Cereals
Number of farms in sample	41		112		60		16		72
	Valuation		Valuation		Valuation		Valuation		Valuation
	Opening	Closing	Opening	Closing	Opening	Closing	Opening	Closing	Opening	Closing
Assets	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm
Land and buildings etc ⁽¹⁾	300,154	333,089	387,396	417,719	389,635	428,036	412,410	462,469	840,078	920,407
Other fixed assets ⁽²⁾	61,449	70,315	116,250	136,644	134,245	152,803	117,367	132,336	107,663	120,105
Current assets ⁽³⁾	115,587	100,844	192,485	182,964	177,024	173,761	251,669	249,046	263,365	236,007
Total assets	477,190	504,248	696,131	737,327	700,904	754,599	782,744	843,851	1,211,106	1,276,520
Liabilities
Bank loans	10,035	8,744	20,624	23,211	30,860	41,404	26,062	21,499	16,571	15,945
Other long and medium term loans ⁽⁴⁾	12,645	12,473	8,114	7,044	4,509	4,474	31,273	30,264	22,106	23,648
Bank overdraft	17,250	16,889	29,883	28,276	30,519	26,916	22,107	28,309	33,359	41,312
Other short term loans ⁽⁵⁾	10,485	11,363	14,083	16,527	20,130	22,966	9,288	50,049	36,278	33,914
Total external liabilities	50,415	49,469	72,705	75,058	86,018	95,761	88,729	130,122	108,314	114,818
(of which total bank borrowing)	(27,285)	(25,633)	(50,507)	(51,487)	(61,379)	(68,321)	(48,168)	(49,808)	(49,930)	(57,256)
Net worth	426,774	454,779	623,426	662,269	614,886	658,838	694,015	713,729	1,102,792	1,161,701
Total external liabilities as a percentage of total assets	11	10	10	10	12	13	11	15	9	9

Type of farm	General cropping		Dairy		Mixed		All farm types
Number of farms in sample	49		50		68		468
	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⁾	1,090,648	1,157,731	676,592	761,971	558,254	593,941	580,611	630,706
Other fixed assets ⁽²⁾	162,514	181,455	205,022	226,719	124,823	141,071	126,377	143,278
Current assets ⁽³⁾	295,702	242,655	282,149	277,793	251,221	236,440	222,211	204,770
Total assets	1,548,920	1,581,842	1,163,762	1,266,482	934,298	971,452	929,257	978,754
Liabilities
Bank loans	40,523	60,124	28,512	36,572	10,133	20,839	22,400	28,495
Other long and medium term loans ⁽⁴⁾	16,814	16,320	41,558	44,148	8,067	8,330	15,500	15,616
Bank overdraft	32,219	39,029	43,713	48,063	51,460	51,323	32,726	34,504
Other short term loans ⁽⁵⁾	36,585	35,159	36,521	40,089	21,913	20,286	23,290	25,536
Total external liabilities	126,140	150,633	150,303	168,872	91,568	100,777	93,916	104,151
(of which total bank borrowing)	(72,741)	(99,154)	(72,224)	(84,635)	(61,593)	(72,162)	(55,126)	(62,998)
Net worth	1,422,780	1,431,209	1,013,459	1,097,610	842,730	870,675	835,341	874,603
Total external liabilities as a percentage of total assets	8	10	13	13	10	10	10	11

(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.

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