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Table B5 Average opening and closing balance
sheets by tenure and type of farm, 2003-04: mixed
tenure
Type of farm | LFA: Specialist
sheep | LFA: Specialist
beef | LFA: Cattle and
sheep | Lowground Cattle and sheep |
|---|
Number of farms in sample | 11 | 29 | 15 | 2 |
|---|
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) | 186,357 | 182,033 | 231,291 | 238,271 | 299,207 | 301,697 | " | " |
|---|
Other fixed assets
(2) | 44,460 | 48,194 | 90,956 | 101,427 | 77,579 | 85,313 | " | " |
|---|
Current assets
(3) | 56,191 | 48,713 | 130,252 | 124,372 | 84,871 | 78,529 | " | " |
|---|
Total assets | 287,008 | 278,939 | 452,499 | 464,070 | 461,657 | 465,539 | " | " |
|---|
Liabilities |
|---|
Bank loans | 535 | 456 | 7,509 | 8,306 | 8,029 | 7,513 | " | " |
|---|
Other long and medium term loans
(4) | 2,852 | 2,093 | 7,169 | 7,641 | 19,000 | 9,723 | " | " |
|---|
Bank overdraft | 10,953 | 7,524 | 17,718 | 18,596 | 28,478 | 27,596 | " | " |
|---|
Other short term loans
(5) | 4,498 | 3,709 | 9,963 | 12,822 | 8,452 | 8,651 | " | " |
|---|
Total external liabilities | 18,838 | 13,783 | 42,360 | 47,364 | 63,958 | 53,483 | " | " |
|---|
(of which total bank borrowing) | (11,488) | (7,980) | (25,228) | (26,902) | (36,506) | (35,109) | " | " |
|---|
Net worth | 268,170 | 265,156 | 410,139 | 416,706 | 397,699 | 412,057 | " | " |
|---|
Total external liabilities as a percentage of total
assets | 7 | 5 | 9 | 10 | 14 | 11 | " | " |
|---|
Type of farm | Cereals | General cropping | Dairy | Mixed |
|---|
Number of farms in sample | 13 | 19 | 13 | 22 |
|---|
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) | 451,403 | 452,480 | 425,800 | 461,329 | 305,149 | 315,336 | 408,349 | 414,309 |
|---|
Other fixed assets
(2) | 81,470 | 86,923 | 118,668 | 117,749 | 116,373 | 117,615 | 102,904 | 107,075 |
|---|
Current assets
(3) | 113,900 | 157,481 | 129,814 | 143,265 | 166,478 | 221,058 | 133,135 | 132,279 |
|---|
Total assets | 646,773 | 696,884 | 674,281 | 722,343 | 588,001 | 654,009 | 644,389 | 653,662 |
|---|
Liabilities |
|---|
Bank loans | 551 | 110 | 21,496 | 17,419 | 12,806 | 12,660 | 44,314 | 42,265 |
|---|
Other long and medium term loans
(4) | 22,659 | 20,007 | 17,091 | 25,415 | 3,756 | 3,619 | 11,593 | 10,121 |
|---|
Bank overdraft | 60,322 | 63,196 | 77,243 | 70,316 | 35,947 | 39,555 | 73,015 | 71,453 |
|---|
Other short term loans
(5) | 24,562 | 29,601 | 37,718 | 44,030 | 21,024 | 22,126 | 23,394 | 22,626 |
|---|
Total external liabilities | 108,094 | 112,914 | 153,548 | 157,180 | 73,533 | 77,959 | 152,317 | 146,465 |
|---|
(of which total bank borrowing) | (60,873) | (63,306) | (98,739) | (87,735) | (48,753) | (52,215) | (117,329) | (113,718) |
|---|
Net worth | 538,679 | 583,970 | 520,734 | 565,162 | 514,468 | 576,050 | 492,072 | 507,197 |
|---|
Total external liabilities as a percentage of total
assets | 17 | 16 | 23 | 22 | 13 | 12 | 24 | 22 |
|---|
(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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