Table A5 Estimated balance sheet for Scottish agriculture at current prices, 1998 to 2006 (1)
| 1998 | 1999 | 2000 | 2001(2)(4) | 2002(4) | 2003(4)
(Prov) | 2004(4)
(Prov) | 2005(4)
(Prov) | 2006(4)
(Prov) |
|---|
ASSETS: |
|---|
Fixed: | £ million | £ million | £ million | £ million | £ million | £ million | £ million | £ million | £ million |
|---|
Land and buildings (3) | 9,585 | 9,770 | 10,220 | 10,490 | 11,210 | 11,280 | 11,465 | 11,550 | 11,665 |
|---|
Plant and machinery | 640 | 625 | 640 | 615 | 615 | 580 | 585 | 615 | 615 |
|---|
Farm vehicles | 60 | 60 | 55 | 55 | 55 | 60 | 65 | 65 | 70 |
|---|
Farm cars | 60 | 60 | 60 | 55 | 55 | 50 | 50 | 45 | 45 |
|---|
Breeding livestock | 660 | 590 | 590 | 710 | 760 | 835 | 805 | 675 | 650 |
|---|
Total fixed assets | 11,005 | 11,100 | 11,560 | 11,925 | 12,695 | 12,805 | 12,965 | 12,950 | 13,040 |
|---|
Current: |
|---|
Trading livestock | 325 | 355 | 355 | 435 | 415 | 405 | 415 | 455 | 470 |
|---|
Crops and stores | 160 | 115 | 150 | 170 | 140 | 185 | 165 | 140 | 230 |
|---|
Financial | 695 | 695 | 690 | 840 | 735 | 765 | 750 | 825 | 800 |
|---|
Total current assets | 1,180 | 1,170 | 1,195 | 1,450 | 1,285 | 1,355 | 1,325 | 1,420 | 1,505 |
|---|
TOTAL ASSETS | 12,190 | 12,270 | 12,760 | 13,370 | 13,980 | 14,160 | 14,285 | 14,370 | 14,540 |
|---|
LIABILITIES: |
|---|
Long term: |
|---|
Bank loans | 255 | 255 | 285 | 320 | 385 | 425 | 445 | 510 | 510 |
|---|
Other | 225 | 205 | 195 | 215 | 250 | 295 | 310 | 355 | 355 |
|---|
Total long term | 475 | 465 | 480 | 530 | 640 | 720 | 755 | 870 | 865 |
|---|
Short term: |
|---|
Bank | 790 | 840 | 870 | 840 | 825 | 805 | 775 | 860 | 850 |
|---|
Other | 325 | 300 | 295 | 300 | 330 | 345 | 340 | 375 | 370 |
|---|
Total short term | 1,120 | 1,140 | 1,165 | 1,145 | 1,155 | 1,150 | 1,115 | 1,235 | 1,220 |
|---|
TOTAL LIABILITIES | 1,595 | 1,605 | 1,645 | 1,675 | 1,795 | 1,870 | 1,870 | 2,105 | 2,080 |
|---|
NET WORTH | 10,595 | 10,665 | 11,115 | 11,695 | 12,185 | 12,290 | 12,420 | 12,265 | 12,460 |
|---|
Net worth as % of total assets | 87 | 87 | 87 | 87 | 87 | 87 | 87 | 85 | 86 |
|---|
(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.