Economic Report on Scottish Agriculture 2006 Edition

Table A5 Estimated balance sheet for Scottish agriculture at current prices, 1997 to 2005⁽¹⁾

	1997	1998	1999	2000	2001⁽²⁾⁽⁴⁾	2002⁽⁴⁾ (Prov)	2003⁽⁴⁾ (Prov)	2004⁽⁴⁾ (Prov)	2005⁽⁴⁾ (Prov)
ASSETS:
Fixed:	£ million	£ million	£ million	£ million	£ million	£ million	£ million	£ million	£ million
Land and buildings ⁽³⁾	8,970	9,585	9,770	10,220	10,490	11,210	11,280	11,465	11,550
Plant and machinery	665	640	625	640	615	615	580	585	615
Farm vehicles	60	60	60	55	55	55	60	65	65
Farm cars	60	60	60	60	55	55	50	50	45
Breeding livestock	840	660	590	590	710	760	850	810	690
Total fixed assets	10,595	11,005	11,100	11,560	11,925	12,695	12,820	12,970	12,965
Current:
Trading livestock	395	325	355	355	435	415	405	415	460
Crops and stores	140	160	115	150	170	140	185	165	150
Financial	755	695	695	690	840	735	765	785	860
Total current assets	1,290	1,180	1,170	1,195	1,450	1,285	1,360	1,365	1,470
TOTAL ASSETS	11,885	12,190	12,270	12,760	13,370	13,980	14,180	14,335	14,435
LIABILITIES:
Long term:
Bank loans	255	255	255	285	320	385	435	450	520
Other	230	225	205	195	215	250	300	310	355
Total long term	485	475	465	480	530	640	735	765	875
Short term:
Bank	750	790	840	870	840	825	800	765	865
Other	365	325	300	295	300	330	350	360	410
Total short term	1,120	1,120	1,140	1,165	1,145	1,155	1,150	1,125	1,275
TOTAL LIABILITIES	1,600	1,595	1,605	1,645	1,675	1,795	1,885	1,890	2,150
NET WORTH	10,285	10,595	10,665	11,115	11,695	12,185	12,295	12,445	12,285
Net worth as % of total assets	86	87	87	87	87	87	87	87	85

(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.

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