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Table A3 Estimated balance sheet for Scottish agriculture at current prices, 1988 to 1997(1)

1988

1989

1990

1991

1992

1993

1994

1995
(Prov)

1996
(Prov)

1997
(Forecast)

ASSETS:

Fixed:

£
million

£
million

£
million

£
million

£
million

£
million

£
million

£
million

£
million

£
million

Land and buildings(2)

4,695

6,865

7,485

5,705

4,945

6,940

6,225

8,525

6,240

6,740

Machinery & equipment

685

700

725

725

725

760

790

840

900

940

Breeding livestock

625

600

565

585

800

835

710

815

770

625

Total fixed assets

6,005

8,160

8,775

7,015

6,475

8,530

7,725

10,175

7,910

8,305

Current:

Trading livestock

545

530

495

495

490

560

560

625

545

465

Crops and stores

190

220

210

200

210

230

290

335

250

235

Debtors, cash, deposits

240

280

345

350

320

525

470

620

660

680

Total current assets

975

1,030

1,050

1,045

1,020

1,315

1,320

1,580

1,455

1,380

TOTAL ASSETS

6,980

9,190

9,825

8,060

7,495

9,850

9,040

11,755

9,365

9,685

LIABILITIES:

Long and medium term:

Bank loans

45

90

80

110

115

125

120

165

250

280

Family loans

70

70

60

80

90

100

90

80

85

85

Other

40

50

40

55

50

60

70

85

85

85

Total long and medium term

150

210

180

245

250

285

280

330

420

450

Short term:

Bank overdraft

860

760

740

740

755

745

785

705

625

695

Other

125

140

165

150

150

260

245

320

345

355

Total short term

985

900

910

885

910

1,005

1,030

1,030

970

1,050

TOTAL LIABILITIES

1,135

1,110

1,085

1,135

1,160

1,290

1,305

1,360

1,390

1,500

NET WORTH

5,845

8,085

8,740

6,925

6,335

8,560

7,735

10,400

7,970

8,185

Net worth as % of total assets

84

88

89

86

85

87

86

88

85

85

(1) Rounded to nearest £5 million. Individual items may not sum to totals.

(2) The value of land and buildings does not include the domestic share of dwellings, but does include the business share i.e. the value of the proportion of the farmhouse used for business purposes.