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| Farm Incomes in Scotland 1997/98 |
| TABLE 6(b) |
| AVERAGE OPENING AND CLOSING BALANCE SHEETS BY TENURE AND TYPE OF FARM 1997/98 |
| TENANTED |
| Type of Farms | Specialist Sheep (LFA) |
Specialist Beef (LFA) |
Cattle and Sheep (LFA) |
Lowground Cattle and Sheep |
Cereals |
||||||
| Number of Farms in Sample | 25 |
23 |
35 |
3 |
7 |
||||||
OV |
CV |
OV |
CV |
OV |
CV |
OV |
CV |
OV |
CV |
||
| Assets | |||||||||||
| Land and Buildings etc (1) | 19,559 |
20,838 |
6,096 |
7,902 |
12,665 |
13,694 |
" |
" |
99,068 |
125,155 |
|
| Other Fixed Assets (2) | 41,139 |
40,011 |
72,885 |
72,137 |
84,130 |
81,429 |
" |
" |
159,903 |
140,863 |
|
| Current Assets (3) | 48,196 |
42,285 |
71,423 |
67,282 |
93,959 |
85,999 |
" |
" |
109,250 |
66,334 |
|
| Total Assets | 108,894 |
103,134 |
150,404 |
147,322 |
190,754 |
181,122 |
" |
" |
368,221 |
332,352 |
|
| Liabilities | |||||||||||
| Bank Loans | 762 |
713 |
770 |
488 |
2,473 |
2,037 |
" |
" |
18,555 |
18,555 |
|
| Other Long and Medium Term Loans (4) | 2,891 |
2,499 |
2,706 |
1,929 |
2,248 |
2,722 |
" |
" |
5,451 |
5,451 |
|
| Bank Overdraft | 3,716 |
3,556 |
5,912 |
6,585 |
12,698 |
13,934 |
" |
" |
3,931 |
47,034 |
|
| Other Short Term Loans (5) | 3,799 |
2,498 |
8,575 |
8,200 |
11,389 |
10,007 |
" |
" |
61,720 |
43,553 |
|
| Total External Liabilities | 11,168 |
9,266 |
17,964 |
17,202 |
28,808 |
28,699 |
" |
" |
89,657 |
114,593 |
|
| (of which Total Bank Borrowing) | (4,478) |
(4,269) |
(6,682) |
(7,073) |
(15,171) |
(15,971) |
" |
" |
(22,486) |
(65,588) |
|
| Net Worth | 97,726 |
93,869 |
132,440 |
130,120 |
161,946 |
152,423 |
" |
" |
278,565 |
217,759 |
|
| Total External Liabilities as a Percentage of Total Assets | 10 |
9 |
12 |
12 |
15 |
16 |
" |
" |
24 |
34 |
|
| Type of Farms | General Cropping |
Dairy |
Mixed |
All Types |
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| Number of Farms in Sample | 6 |
10 |
19 |
128 |
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OV |
CV |
OV |
CV |
OV |
CV |
OV |
CV |
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| Assets | |||||||||
| Land and Buildings etc (1) | 14,007 |
12,975 |
27,210 |
26,130 |
8,230 |
10,584 |
26,242 |
30,862 |
|
| Other Fixed Assets (2) | 137,060 |
130,205 |
99,398 |
93,301 |
80,229 |
74,069 |
93,747 |
87,858 |
|
| Current Assets (3) | 150,891 |
144,011 |
187,240 |
196,132 |
88,088 |
79,467 |
102,326 |
90,957 |
|
| Total Assets | 301,959 |
287,191 |
313,847 |
315,564 |
176,547 |
164,120 |
222,315 |
209,677 |
|
| Liabilities | |||||||||
| Bank Loans | 0 |
0 |
8,589 |
11,963 |
381 |
703 |
4,319 |
4,438 |
|
| Other Long and Medium Term Loans (4) | 15,121 |
15,121 |
6,629 |
5,118 |
1,652 |
1,652 |
5,032 |
4,830 |
|
| Bank Overdraft | 26,270 |
22,496 |
14,148 |
22,024 |
5,758 |
9,046 |
10,329 |
17,710 |
|
| Other Short Term Loans (5) | 23,014 |
23,099 |
15,806 |
12,949 |
16,358 |
11,469 |
19,714 |
15,694 |
|
| Total External Liabilities | 64,405 |
60,716 |
45,172 |
52,055 |
24,150 |
22,869 |
39,394 |
42,671 |
|
| (of which Total Bank Borrowing) | (26,270) |
(22,496) |
(22,737) |
(33,987) |
(6,140) |
(9,748) |
(14,648) |
(22,148) |
|
| Net Worth | 237,554 |
226,475 |
268,676 |
263,509 |
152,396 |
141,250 |
182,920 |
167,006 |
|
| Total External Liabilities as a Percentage of Total Assets | 21 |
21 |
14 |
16 |
14 |
14 |
18 |
20 |
|
| (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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