• Rural NZ
• Adverse Events
• People issues
• Profitability
• Research
• Rural Proofing
• SLM Hill Country Erosion Programme
• Community Irrigation Fund
• Stats & forecasts
  • Monitoring
  • Sonzaf
  • Statistics
• Sustainability
• Legislation
• Media Centre
• Publications
• What's New

---

Kiwifruit Budget

		1999/2000			2000/01f
		$			$
	Whole	per	per	Whole	per	per
	Orchard	ha	Class 1	Orchard	ha	Class 1
Revenue			tray			tray
Green
- Export progress	183,398	40,755	6.27	189,720	42,160	6.20
- Final from last year	16,365	3,637	0.56	12,950	2,878	0.42
- Local/choice/jumbo	8,750	1,944	0.30	7,000	1,556	0.23
Gold
- Export progress	0	0	0.00	20,700	41,400	9.00
- Final from last year	0	0	0.00	0	0	0.00
- Local/choice/jumbo	0	0	0.00	1,300	2,600	0.57
Other fruit crops	4,440	888	0.15	5,000	1,000	0.15
Rebates/hire	5,400	1,080	0.18	5,400	1,080	0.16
Gross Orchard Revenue	218,353	43,671	7.47	242,070	48,414	7.36
Cash Orchard Expenditure	134,570	26,914	4.60	142,351	28,470	4.33
(includes interest)
Cash Orchard Surplus	83,783	16,757	2.86	99,719	19,944	3.03
Stock on hand adjustment	0	0	0.00	0	0	0.00
Depreciation	8,250	1,650	0.28	7,150	1,430	0.22
Net Trading Profit	75,533	15,107	2.58	92,569	18,514	2.81
Taxation	19,600	3,920	0.67	24,000	4,800	0.73
Net Trading Profit after Tax	55,933	11,187	1.91	68,569	13,714	2.08
Allocation of Funds
add back Depreciation	8,250	1,650	0.28	7,150	1,430	0.22
add back Stock value adjustment	0	0	0.00	0	0	0.00
Drawings	41,000	8,200	1.40	44,000	8,800	1.34
Principal repayments	15,500	3,100	0.53	5,000	1,000	0.15
Development	3,800	760	0.13	3,950	790	0.12
Capital purchases	18,000	3,600	0.62	5,850	1,170	0.18
Disposable Surplus/Deficit	-14,117	-2,823	-0.48	16,919	3,384	0.51
Other Cash Sources
New borrowing	0	0	0.00	0	0	0,00
Off-orchard income	19,200	3,840	0.66	16,500	3,300	0.50
Other cash income	0	0	0.00	0	0	0.00
Net Cash Change	5,083	1,017	0.17	33,419	6,684	1.02
Assets and Liabilities
Land and building (Opening)	925,000	185,000	31.62	1,000,000	200,000	30.40
Plant and machinery (Opening)	40,000	8,000	1.37	50,000	10,000	1.52
Stock valuation (Opening)	0	0	0.00	0	0	0.00
Total Orchard Capital	965,000	193,000	32.99	1,050,000	210,000	31.91
Total Debt Opening	125,000	25,000	4.27	90,000	18,000	2.74
Equity (Assets-Liabilities)	840,000	168,000	28.72	960,000	192,000	29.18

		1999/2000			2000/01f
		$			$
	Whole	per	per	Whole	per	per
	Orchard	ha	Class 1	Orchard	ha	Class 1
Revenue			tray			tray
Orchard Working Expenses
Wages	36,500	7,300	1.25	36,500	7,300	1.11
Picking wages	7,020	1,404	0.24	7,896	1,579	0.24
Grade & pack	40,950	8,190	1.40	47,705	9,541	1.45
Electricity	650	130	0.02	800	160	0.02
Spray & chemicals	5,250	1,050	0.18	5,750	1,150	0.17
Pollination	3,400	680	0.12	4,350	870	0.13
Fertiliser	4,750	950	0.16	4,750	950	0.14
Freight (not elsewhere deducted)	0	0	0.00	0	0	0.00
Fuel	1,950	390	0.07	2,330	466	0.07
Vehicle costs (excluding fuel)	3,050	610	0.10	2,970	594	0.09
Repairs and maintenance	9,000	1,800	0.31	8,750	1,750	0.27
Rates	2,570	514	0.09	2,660	532	0.08
Water charges (irrigation)	0	0	0.00	0	0	0.00
Communication costs (phone & mail)	1,930	386	0.07	1,970	394	0.06
Insurance	1,390	278	0.05	1,670	334	0.05
Accountancy	2,680	536	0.09	2,170	434	0.07
Legal & consultancy	1,280	256	0.04	790	158	0.02
Other admin	850	170	0.03	590	118	0.02
Other expenditure	1,000	200	0.03	700	140	0.02
Interest	10,350	2,070	0.35	10,000	2,000	0.30
Rent &/or leases	0	0	0.00	0	0	0.00
Cash Orchard Expenditure	134,570	26,914	4.60	142,351	28,470	4.33
Calculated Ratios
Cash Orchard Exp(excl interest+rent)/GOR	57%			55%
EOS/Total Orchard Capital	5%			6%
Interest+rent+lease/GFR	5%			4%
Economic Orchard Surplus (EOS or EBIT)	48,233	9,647	1.65	64,069	12,814	1.95
Net Trading Profit/GFR	35%			38%
EFS/GFR	22%			26%

Contact for Enquiries

Farm Monitoring Programme Manager
Monitoring and Evaluation
MAF Policy
PO Box 2526
Wellington
NEW ZEALAND
Phone: +64 4 894 0623
Fax: +64 4 894 0741
Contact this person