Hawke's Bay Pipfruit Budget
1999/2000 |
2000/01f |
|||||||
$ |
$ |
|||||||
| per | per | per | per | per | per | |||
| Whole | planted | TCE | TCE | Whole | planted | TCE | TCE | |
| Revenue | Orchard | ha | Gross | export | Orchard | ha | Gross | export |
| Pipfruit Advanced | 178,384 |
17,838 |
6.34 |
10.34 |
201,325 |
20.132 |
6.87 |
10.09 |
| Pipfruit Deferred | 39,120 |
3,912 |
1.39 |
2.27 |
134,571 |
13,457 |
4.59 |
6.75 |
| Other orchard income | 6,410 |
641 |
0.23 |
0.37 |
6,340 |
634 |
0.22 |
0.32 |
| Gross Orchard Revenue | 223,914 |
22,391 |
7.95 |
12.98 |
342,236 |
34,224 |
11.68 |
17.16 |
| Cash Orchard Expenditure | 220,130 |
22,013 |
7.82 |
12.76 |
277,150 |
27,715 |
9.46 |
13.89 |
| Cash Orchard Surplus | 3,784 |
378 |
0.13 |
0.22 |
65,086 |
6,509 |
2.22 |
3.26 |
| Interest and Lease | 24,030 |
2,403 |
0.85 |
1.39 |
24,520 |
2,452 |
0.84 |
1.23 |
| Cash Orchard Surplus a! | -20,246 |
-2,025 |
-0.72 |
-1.17 |
40,566 |
4,057 |
1.38 |
2.03 |
| (after interest & lease) | ||||||||
| Stock on hand adjustment | 0 |
0 |
0.00 |
0.00 |
0 |
0 |
0.00 |
0.00 |
| Depreciation | 11,130 |
1,113 |
0,40 |
0.65 |
11,190 |
1,119 |
0.38 |
0.56 |
| Net Trading Profit | -31,376 |
-3,138 |
-1.11 |
-1.82 |
29,376 |
2,938 |
1.00 |
1.47 |
| Taxation | 3,300 |
330 |
0,12 |
0.19 |
0 |
0 |
0.00 |
0,00 |
| Net Trading Profit after Tax | -34,676 |
-3,468 |
-1.23 |
-2.01 |
29,376 |
2,938 |
1.00 |
1.47 |
| Allocation of Funds | ||||||||
| add back Depreciation | 11,130 |
1,113 |
0.40 |
0.65 |
11,190 |
1,119 |
0.38 |
0.56 |
| add back Stock value adjustment | 0 |
0 |
0.00 |
0.00 |
0 |
0 |
0.00 |
0.00 |
| Drawings | 29,840 |
2,984 |
1.06 |
1.73 |
28,830 |
2,883 |
0.98 |
1.45 |
| Principal repayments | 8,600 |
860 |
0.31 |
0.50 |
10,420 |
1,042 |
036 |
0.52 |
| Development | 2,300 |
230 |
0.08 |
0,13 |
2,280 |
228 |
0.08 |
0.11 |
| Capital purchases | 5,400 |
540 |
0.19 |
0.31 |
4,930 |
493 |
0.17 |
0.25 |
| Disposable Surplus/Deficit | -69,686 |
-6,969 |
-2.48 |
-4.04 |
-5,894 |
-589 |
-0.20 |
-0.30 |
| Other Cash Sources | ||||||||
| New borrowing | 3,100 |
310 |
0.11 |
0.18 |
560 |
56 |
0.02 |
0.03 |
| Off-orchard income | 15,100 |
1,510 |
0.54 |
0.88 |
15,700 |
1,570 |
0.54 |
0.79 |
| Other cash income | 13,800 |
1,380 |
0.49 |
0.80 |
16,300 |
1,630 |
0.56 |
0.82 |
| Net Cash Change | -37,686 |
-3,769 |
-1.34 |
-2.18 |
26,666 |
2,667 |
0.91 |
1.34 |
| Assets and Liabilities | ||||||||
| Land and building (Opening) | 530,660 |
53,066 |
18,85 |
30.76 |
524,150 |
52,415 |
17.88 |
26.28 |
| Plant and machinery (Opening) | 50,000 |
5,000 |
1.78 |
2.90 |
45,000 |
4,500 |
1.54 |
2.26 |
| Stock valuation (Opening) | 0 |
0 |
0,00 |
0.00 |
0 |
0 |
0.00 |
0.00 |
| Total Orchard Capital | 580,660 |
58,066 |
20.63 |
33,66 |
569,150 |
56.915 |
19.42 |
28.53 |
| Total Debt Opening | 215,940 |
21,594 |
7.67 |
12.52 |
240,000 |
24,000 |
8.19 |
12.03 |
| Equity (Assets-Liabilities) | 364,720 |
36,472 |
12.96 |
21.14 |
329,150 |
32,915 |
11.23 |
16.50 |
| Title Area (he) | 13.0 |
13.0 |
||||||
| Planted Area (ha) | 10.0 |
10.0 |
||||||
| Vacant Plantable Area (he) | 0.5 |
0,5 |
||||||
| Producing Area (ha) | 9.2 |
9.2 |
||||||
| Total Crop (tee) | 28,151 |
29,307 |
||||||
| Export Crop (tee) | 17,252 |
19,947 |
||||||
$ |
$ |
|||||||
| per | per | per | per | per | per | |||
| Whole | planted | TCE | TCE | Whole | planted | TCE | TCE | |
| Orchard | ha | Gross | export | Orchard | ha | Gross | export | |
| Orchard Working Expenses | ||||||||
| Wages | ||||||||
| Pruning | 7,830 |
783 |
0.28 |
0.45 |
8,000 |
800 |
0.27 |
0.40 |
| Thinning | 9,080 |
908 |
0,32 |
0.53 |
10,190 |
1,019 |
0.35 |
0.51 |
| Harvesting | 39,000 |
3.900 |
1.39 |
2.26 |
41,780 |
4,178 |
1,43 |
2.09 |
| Other | 8,700 |
870 |
0.31 |
0,50 |
7,870 |
787 |
0.27 |
0.39 |
| Worker Insurance | 1,300 |
130 |
0.05 |
0.08 |
1,490 |
149 |
0,05 |
0,07 |
| Total Wages | 65,910 |
6,591 |
2.34 |
3.82 |
69,330 |
6,933 |
2.37 |
3.48 |
| Post-Harvest Costs | ||||||||
| Packing | 53,340 |
5,334 |
1.89 |
3.09 |
62,490 |
6,249 |
2.13 |
3,13 |
| Packaging | 47,160 |
4,716 |
1.68 |
2.73 |
54,640 |
5,464 |
1.86 |
2.74 |
| Coolstorage | 0 |
0 |
0.00 |
0.00 |
34,020 |
3,402 |
1.16 |
1.71 |
| Freight | 3,200 |
320 |
0,11 |
0.19 |
3.790 |
379 |
0.13 |
0.19 |
| Marketing Charges | 0 |
0 |
0.00 |
0.00 |
0 |
0 |
0,00 |
0.00 |
| Total Post-Harvest Costs | 103,700 |
10,370 |
3.68 |
6.01 |
154,940 |
15,494 |
5.29 |
7.77 |
| Operating Costs | ||||||||
| Spray and Chemicals | 17,520 |
1,752 |
0.62 |
1,02 |
18,560 |
1,856 |
0.63 |
0.93 |
| Pollination | 650 |
65 |
0.02 |
0.04 |
680 |
68 |
0.02 |
0.03 |
| Fertiliser | 920 |
92 |
0.03 |
0.05 |
1,170 |
117 |
0.04 |
0.06 |
| Electricity | 1,340 |
134 |
0,05 |
0.08 |
1,350 |
135 |
0.05 |
0.07 |
| Sundry Expenses | 3,260 |
326 |
0.12 |
0.19 |
3,450 |
345 |
0.12 |
0.17 |
| Vehicles | 6,430 |
643 |
0.23 |
0.37 |
6,750 |
675 |
0.23 |
0,34 |
| Repairs and Maintenance | 4,360 |
436 |
0.15 |
0.25 |
4,480 |
448 |
0.15 |
0.22 |
| Total Operating | 34,480 |
3,448 |
1.22 |
2.00 |
36,440 |
3,644 |
1.24 |
1.83 |
| Administration and Property Expenses | ||||||||
| Communication | 1,200 |
120 |
0.04 |
0.07 |
1,200 |
120 |
0.04 |
0.06 |
| Rates | 3,000 |
300 |
0.11 |
0.17 |
3,060 |
306 |
0.10 |
0.15 |
| Accountancy, Consultancy, Legal | 3,060 |
306 |
0.11 |
0.18 |
3,030 |
303 |
0.10 |
0.15 |
| General Insurance | 2,080 |
208 |
0.07 |
0.12 |
2,080 |
208 |
0.07 |
0.10 |
| Crop insurance | 5,030 |
503 |
0.18 |
0.29 |
5,230 |
523 |
0.18 |
0.26 |
| Other | 1,670 |
167 |
0.06 |
0.10 |
1,840 |
184 |
0,06 |
0.09 |
| Total Administration | 16,040 |
1,604 |
0.57 |
0.93 |
16,440 |
1,644 |
0.56 |
0.82 |
| Cash Orchard Expenditure | 220,130 |
22,013 |
7,82 |
12.76 |
277,150 |
27,715 |
9.46 |
13.89 |
| Mortgage Interest | 17,770 |
1,777 |
0.63 |
1.03 |
17,320 |
1,732 |
0.59 |
0.87 |
| O/D Interest | 3,720 |
372 |
0.13 |
0.22 |
4,380 |
438 |
0.15 |
0.22 |
| Lease Costs | 2,540 |
254 |
0.09 |
0.15 |
2,820 |
282 |
0.10 |
0.14 |
| Total Interest and Lease Costs | 24,030 |
2,403 |
0.85 |
1.39 |
24,520 |
2,452 |
0.84 |
1.23 |
| Total Orchard Expenditure incl interest | 244,160 |
24,416 |
8.67 |
14.15 |
301,670 |
30,167 |
10.29 |
15.12 |
| Calculated Ratios | ||||||||
| Cash Orchard Exp(excl interest+rent)/GFR | 98% |
81% |
||||||
| Economic Orchard Surplus/Total Orchard Capital | -7% |
4% |
||||||
| Interest+rent+lease/GFR | 11% |
7% |
||||||
| Net trading profi t/l nterest+ rent | -131% |
120% |
||||||
| Economic Orchard Surplus (or EBIT) | -41,152 |
-4,115 |
-1.46 |
-2.39 |
20,204 |
2,020 |
0.69 |
1.01 |
| Net Trading Profit/GFR | -14% |
9% |
||||||
| EFS/GFR | -18% |
6% |
||||||
Hawkes Bay Pipfruit Production and Income Details
1999/2000 Season |
||||||
| Area | Gross | Export | Total | Export | Revenue | |
| (ha) | Yield | Packout | Export | Return | ||
| (TCE) | Cartons | ($/TCE) | ||||
| Variety | ||||||
| Braeburn | 2.6 | 11,060 | 51 | 5,641 | 14.28 | 87,539 |
| Fuji | 1.2 | 3,336 | 59 | 1,968 | 22.29 | 46,060 |
| Granny Smith | 0.2 | 780 | 42 | 328 | 17.28 | 6,235 |
| Pacific Beauty | 0.6 | 270 | 58 | 157 | 27.74 | 4,734 |
| Pacific Rose (Sciros) | 1.5 | 2,925 | 59 | 1,726 | 22.40 | 41,895 |
| Royal Gala (includes red sports) | 3.3 | 9.240 | 76 | 7,022 | 16.50 | 119,307 |
| Southern Rose | 0.4 | 540 | 76 | 410 | 16.90 | 7,185 |
| Vacant Plantable Area | 0.5 | 0 | 0 | |||
| Total | 10.5 | 28,151 | 17,252 | $312,955 | ||
| Proportion of fruit income received this financial year | 57.0% | |||||
| Fruit Value - current year | $178,384 | |||||
| Deferred Income from previous year | $39,120 | |||||
| Gross Pipfruit Income | $217,504 | |||||
2000/01 Season |
||||||
| Area | Gross | Export | Total | Export | Revenue | |
| (ha) | Yield | Packout | Export | Return | ($) | |
| (TCE) | (%) | Cartons | ($/TCE) | |||
| Variety | ||||||
| Braeburn | 2.60 | 10,270 | 71 | 7,292 | 14.34 | 107,869 |
| Fuji | 1.20 | 4,080 | 59 | 2,407 | 21.55 | 54,585 |
| Granny Smith | 0.20 | 770 | 45 | 347 | 17.25 | 6,523 |
| Pacific Beauty | 0.60 | 480 | 57 | 274 | 27.69 | 8,783 |
| Pacific Rose (Sciros) | 1.50 | 3,300 | 60 | 1,980 | 21.83 | 46,048 |
| Pink Lady | 0.30 | 240 | 66 | 158 | 23.50 | 3,803 |
| Royal Gala (includes red sports) | 3.20 | 9,600 | 74 | 7,104 | 17.93 | 131,368 |
| Southern Rose | 0.40 | 567 | 68 | 385 | 17.50 | 7,064 |
| Vacant Plantable Area | 0.5 | 0 | 0 | |||
| Total | 10.5 | 29,307 | 19,947 | $366,045 | ||
| Proportion of fruit income received this financial year | 55.0% | |||||
| Fruit Value - current year | $201,325 | |||||
| Deferred Income from previous year | $134,571 | |||||
| Gross Pipfruit Income | $335,896 | |||||
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