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| Farm Incomes in Scotland 1997/98 |
| TABLE 6(a) | |||||||||||
| AVERAGE OPENING AND CLOSING BALANCE SHEETS BY TENURE AND TYPE OF FARM 1997/98 | |||||||||||
| OWNER-OCCUPIED FARMS | |||||||||||
Type of Farms |
Specialist Sheep (LFA) |
Specialist Beef (LFA) |
Cattle and Sheep (LFA) |
Lowground Cattle and Sheep |
Cereals |
||||||
Number of Farms in Sample |
24 |
52 |
42 |
3 |
20 |
||||||
OV |
CV |
OV |
CV |
OV |
CV |
OV |
CV |
OV |
CV |
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| Assets | |||||||||||
| Land and Buildings etc (1) | 171,661 |
183,198 |
170,312 |
175,302 |
264,754 |
266,208 |
" |
" |
407,832 |
420,152 |
|
| Other Fixed Assets (2) | 47,246 |
46,094 |
66,920 |
65,719 |
87,559 |
84,365 |
" |
" |
60,764 |
61,779 |
|
| Current Assets (3) | 69,573 |
55,766 |
74,043 |
70,149 |
96,853 |
92,593 |
" |
" |
97,231 |
82,337 |
|
| Total Assets | 288,480 |
285,059 |
311,275 |
311,170 |
449,166 |
443,166 |
" |
" |
565,828 |
564,267 |
|
| Liabilities | |||||||||||
| Bank Loans | 819 |
699 |
4,574 |
4,989 |
7,223 |
13,291 |
" |
" |
28,932 |
25,665 |
|
| Other Long and Medium Term Loans (4) | 10,137 |
8,030 |
11,852 |
11,038 |
14,803 |
15,496 |
" |
" |
9,135 |
8,853 |
|
| Bank Overdraft | 15,344 |
17,373 |
22,765 |
24,461 |
34,470 |
31,985 |
" |
" |
26,494 |
35,322 |
|
| Other Short Term Loans (5) | 6,352 |
15,917 |
9,278 |
10,979 |
13,842 |
11,136 |
" |
" |
17,962 |
18,961 |
|
| Total External Liabilities | 32,652 |
42,019 |
48,468 |
51,467 |
70,337 |
71,908 |
" |
" |
82,523 |
88,801 |
|
| (of which Total Bank Borrowing) | (16,163) |
(18,072) |
(27,339) |
(29,450) |
(41,693) |
(45,276) |
" |
" |
(55,426) |
(60,988) |
|
| Net Worth | 255,828 |
243,040 |
262,806 |
259,704 |
378,829 |
371,258 |
" |
" |
483,304 |
475,466 |
|
| Total External Liabilities as a Percentage of Total Assets | 11 |
15 |
16 |
17 |
16 |
16 |
" |
" |
15 |
16 |
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| Type of Farms | |||||||||
General Cropping |
Dairy |
Mixed |
ALL TYPES |
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| Number of Farms in Sample | 26 |
56 |
27 |
250 |
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OV |
CV |
OV |
CV |
OV |
CV |
OV |
CV |
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| Assets | |||||||||
| Land and Buildings etc (1) | 574,163 |
609,596 |
314,174 |
338,348 |
384,115 |
407,843 |
319,045 |
333,786 |
|
| Other Fixed Assets (2) | 76,577 |
72,339 |
115,184 |
108,357 |
86,323 |
84,036 |
76,539 |
74,393 |
|
| Current Assets (3) | 110,093 |
99,853 |
304,964 |
331,434 |
103,328 |
96,744 |
117,522 |
114,541 |
|
| Total Assets | 760,833 |
781,788 |
734,322 |
778,139 |
573,766 |
588,623 |
513,105 |
522,720 |
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| Liabilities | |||||||||
| Bank Loans | 17,060 |
14,308 |
13,647 |
24,184 |
8,180 |
10,256 |
11,816 |
13,453 |
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| Other Long and Medium Term Loans (4) | 3,841 |
26,377 |
7,393 |
9,510 |
29,577 |
28,998 |
12,200 |
17,522 |
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| Bank Overdraft | 44,849 |
52,713 |
39,849 |
44,303 |
33,233 |
35,508 |
33,533 |
34,909 |
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| Other Short Term Loans (5) | 22,367 |
16,282 |
20,506 |
17,954 |
14,434 |
14,593 |
15,216 |
15,158 |
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| Total External Liabilities | 88,117 |
109,680 |
81,395 |
95,951 |
85,424 |
89,355 |
72,765 |
81,042 |
|
| (of which Total Bank Borrowing) | (61,909) |
(67,021) |
(53,495) |
(68,486) |
(41,413) |
(45,764) |
(45,349) |
(48,362) |
|
| Net Worth | 672,716 |
672,108 |
652,927 |
682,189 |
488,342 |
499,268 |
440,340 |
441,678 |
|
| Total External Liabilities as a Percentage of Total Assets | 12 |
14 |
11 |
12 |
15 |
15 |
14 |
16 |
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| (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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