Economic Report on Scottish Agriculture 2003 Edition

Table A3 Estimated balance sheet for Scottish agriculture at current prices, 1994 to 2001

	1994	1995	1996	1997	1998	1999	2000 (Prov)	2001⁽¹⁾ (Prov)
ASSETS:
Fixed:	million	million	million	million	million	million	million	million
Land and buildings ⁽²⁾	6,238	7,131	8,057	8,968	9,588	9,771	10,219	10,584
Plant and machinery	622	669	687	665	636	626	651	651
Farm vehicles	65	66	64	69	74	72	70	69
Farm cars	59	60	61	61	60	57	54	53
Breeding livestock	864	1,027	984	839	658	588	590	708
Total fixed assets	7,848	8,951	9,852	10,602	11,016	11,114	11,584	12,065
Current:
Trading livestock	486	549	470	396	326	357	354	413
Crops and stores	175	202	135	134	159	112	155	176
Financial	675	723	729	754	694	697	698	868
Total current assets	1,336	1,474	1,335	1,285	1,179	1,166	1,207	1,457
TOTAL ASSETS	9,184	10,425	11,186	11,887	12,195	12,280	12,791	13,522
LIABILITIES:
Long term:
Bank loans	117	155	199	253	253	256	292	312
Other	212	211	215	230	223	207	194	186
Total long term	329	367	414	484	476	464	486	497
Short term:
Bank	767	722	701	752	792	839	862	843
Other	354	367	369	367	327	301	291	284
Total short term	1,121	1,088	1,069	1,119	1,120	1,141	1,153	1,127
TOTAL LIABILITIES	1,449	1,455	1,483	1,602	1,595	1,604	1,639	1,624
NET WORTH	7,734	8,970	9,703	10,284	10,600	10,676	11,152	11,898
Net worth as % of total assets	84	86	87	87	87	87	87	88

(1) 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.
(2) 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.

Page updated: Thursday, June 21, 2007

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Economic Report on Scottish Agriculture 2003 Edition

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Economic Report on Scottish Agriculture 2003 Edition