Economic Report on Scottish Agriculture: 2009 Edition

Table A5 Estimated balance sheet for Scottish agriculture at current prices, 1999 to 2008⁽¹⁾

ASSETS:
	1999	2000	2001⁽²⁾⁽⁴⁾	2002⁽⁴⁾	2003⁽⁴⁾	2004⁽⁴⁾	2005⁽⁴⁾	2006⁽⁴⁾	2007⁽⁴⁾ (2nd Prov)	2008⁽⁴⁾(1st Prov)
Fixed:	£ million	£ million	£ million	£ million	£ million	£ million	£ million	£ million	£ million	£ million
Land and buildings ⁽³⁾	9,770	10,220	10,490	11,210	11,280	11,465	11,550	11,665	11,780	11,900
Plant and machinery	640	625	635	615	615	575	585	590	610	620
Farm vehicles	60	60	55	55	55	60	65	75	80	85
Farm cars	60	60	55	55	50	50	50	50	50	50
Breeding livestock	590	590	710	760	850	810	700	680	825	925
Total fixed assets	11,120	11,550	11,945	12,690	12,850	12,955	12,945	13,060	13,345	13,580
Current:
Trading livestock	355	355	435	415	405	410	455	475	445	515
Crops and stores	115	140	170	140	185	165	150	235	265	260
Financial	695	690	840	730	750	745	790	835	825	895
Total current assets	1,170	1,185	1,450	1,285	1,335	1,320	1,395	1,540	1,535	1,670
TOTAL ASSETS	12,290	12,735	13,395	13,975	14,190	14,275	14,340	14,600	14,880	15,255
LIABILITIES:
Long term:
Bank loans	255	285	320	390	440	460	525	520	465	460
Other	205	195	215	255	305	320	360	355	310	310
Total long term	465	480	535	645	745	780	880	875	780	770
Short term:
Bank	840	865	840	820	795	755	850	850	760	755
Other	300	295	300	330	350	345	390	410	410	440
Total short term	1,140	1,160	1,145	1,150	1,140	1,100	1,235	1,260	1,170	1,195
TOTAL LIABILITIES	1,605	1,645	1,675	1,795	1,890	1,885	2,120	2,135	1,950	1,965
NET WORTH	10,685	11,090	11,720	12,180	12,300	12,390	12,220	12,465	12,935	13,285
Net worth as % of total assets	87	87	87	87	87	87	85	85	87	87

(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 data.

Page updated: Tuesday, June 16, 2009

Scottish Government