Nelson Pipfruit Budget
1999/2000 |
2000/01f |
|||||||
$ |
$ |
|||||||
| Whole | per | per | per | Whole | per | per | per | |
| Revenue | Orchard | planted | TCE | TCE | Orchard | planted | TCE | TCE |
| ha | Gross | export | ha | Gross | export | |||
| Pipfruit Advanced | 294,984 |
29,498 |
7.03 |
9.65 |
310,574 |
20,705 |
7,39 |
9.78 |
| Pipfruit Deferred | 83.865 |
8,387 |
2.00 |
2.74 |
222,530 |
14,835 |
5,29 |
7.01 |
| Other orchard income | 37,095 |
3,710 |
0.88 |
1.21 |
24,555 |
1,637 |
0.58 |
0.77 |
| Gross Orchard Revenue | 415,944 |
41,594 |
9.91 |
13.60 |
557,659 |
37,177 |
13.26 |
17.56 |
| Cash Orchard Expenditure | 381,183 |
38,118 |
9.08 |
12.46 |
446,714 |
29,781 |
10.62 |
14.07 |
| Cash Orchard Surplus | 34,761 |
3,476 |
0.83 |
1.14 |
110,945 |
7,396 |
2.64 |
3.49 |
| Interest and Lease | 37,440 |
3,744 |
0.89 |
1.22 |
33,030 |
2,202 |
0.79 |
1.04 |
| Cash Orchard Surplus ai | -2,679 |
-268 |
-0.06 |
-0.09 |
77,915 |
5,194 |
1.85 |
2.45 |
| (after interest & lease) | ||||||||
| Stock on hand adjustment | 0 |
0 |
0.00 |
0.00 |
0 |
0 |
0,00 |
0.00 |
| Depreciation | 18,750 |
1,875 |
0.45 |
0.61 |
18,750 |
1,250 |
0.45 |
0.59 |
| Net Trading Profit | -21,429 |
-2,143 |
-0.51 |
-0.70 |
59,165 |
3,944 |
1.41 |
1.86 |
| Taxation | 14,025 |
1,403 |
0.33 |
0.46 |
10,905 |
727 |
0.26 |
0.34 |
| Net Trading Profit after Tax | -35,454 |
-3,545 |
-0.84 |
-1.16 |
48,260 |
3,217 |
1.15 |
1.52 |
| Allocation of Funds | ||||||||
| add back Depreciation | 18,750 |
1,875 |
0.45 |
0.61 |
18,750 |
1,250 |
0.45 |
0.59 |
| add back Stock value adjustment | 0 |
0 |
0.00 |
0.00 |
0 |
0 |
0.00 |
0.00 |
| Drawings | 28,050 |
2,805 |
0,67 |
0.92 |
27,105 |
1,807 |
0.64 |
0.85 |
| Principal repayments | 18,750 |
1,875 |
0.45 |
0.61 |
19,050 |
1,270 |
0.45 |
0.60 |
| Development | 12,450 |
1,245 |
0.30 |
0.41 |
7,005 |
467 |
0.17 |
0.22 |
| Capital purchases | 9,315 |
932 |
0.22 |
0.30 |
8,825 |
588 |
0.21 |
0.28 |
| Disposable Surplus/Deficit | -85,269 |
-8,527 |
-2.03 |
-2.79 |
5,025 |
335 |
0.12 |
0.16 |
| Other Cash Sources | ||||||||
| New borrowing | 2,295 |
230 |
0.05 |
0.08 |
0 |
0 |
0.00 |
0.00 |
| Off-orchard income | 5,010 |
501 |
0.12 |
0.16 |
4,485 |
299 |
0.11 |
0,14 |
| Other cash income | 16,230 |
1,623 |
0.39 |
0.53 |
13,635 |
909 |
0.32 |
0.43 |
| Net Cash Change | -61,734 |
-6,173 |
-1.47 |
-2:02 |
23,145 |
1,543 |
0.55 |
0.73 |
| Assets and Liabilities | ||||||||
| Land and building (Opening) | 777,135 |
77,714 |
18.51 |
25,41 |
759,400 |
50,627 |
18.06 |
23.91 |
| Plant and machinery (Opening) | 96,045 |
9,605 |
2.29 |
3.14 |
90,282 |
6,019 |
2.15 |
2.84 |
| Stock valuation (Opening) | 0 |
0 |
0.00 |
0.00 |
0 |
0 |
0,00 |
0.00 |
| Total Orchard Capital | 873,180 |
87,318 |
20.80 |
28,55 |
849.682 |
56,645 |
20.21 |
26.75 |
| Total Debt Opening | 285,000 |
28,500 |
6,79 |
9.32 |
266,250 |
17,750 |
6.33 |
8,38 |
| Equity (Assets-Liabilities) | 588,180 |
58,818 |
14.01 |
19.23 |
583,432 |
38,895 |
13.88 |
18.37 |
| Title Area (he) | 18.5 |
18.5 |
||||||
| Planted Area (he) | 15.0 |
15.0 |
||||||
| Vacant Plantable Area (ha) | 1.5 |
1.5 |
||||||
| Producing Area (he) | 13.5 |
135 |
||||||
| Total Crop (tee) | 41,974 |
42,046 |
||||||
| Export Crop (ice) | 30,582 |
31,759 |
||||||
1999/2000 |
2000/01f |
|||||||
$ |
$ |
|||||||
| Whole | per | per | per | Whole | per | per | per | |
| Orchard | planted | TCE | TCE | Orchard | planted | TCE | TCE | |
| ha | Gross | export | ha | Gross | export | |||
| Orchard Working Expenses | ||||||||
| Wages | ||||||||
| Pruning | 14,190 |
946 |
0.34 |
0.46 |
14,715 |
981 |
0.35 |
0.46 |
| Thinning | 17,145 |
1,143 |
0.41 |
0.56 |
18,480 |
1,232 |
0.44 |
0.58 |
| Harvesting | 51,030 |
3,402 |
1.22 |
1.67 |
50,370 |
3,358 |
1.20 |
1.59 |
| Other | 18,750 |
1,250 |
0,45 |
0.61 |
18,810 |
1,254 |
0,45 |
0 59 |
| Worker Insurance | 2.685 |
179 |
0,06 |
0.09 |
2,490 |
166 |
0,06 |
0.08 |
| Total Wages | 103,800 |
6,920 |
2.47 |
3.39 |
104,865 |
6,991 |
2.49 |
3.30 |
| Post-Harvest Costs | ||||||||
| Packing | 97,379 |
6,492 |
2.32 |
3.18 |
97,544 |
6,503 |
2.32 |
3.07 |
| Packaging | 86,466 |
5,764 |
2.06 |
2.83 |
89,976 |
5,998 |
2,14 |
2.83 |
| Cooistorage | 0 |
0 |
0.00 |
0.00 |
61,385 |
4,092 |
1 46 |
1.93 |
| Freight | 3,358 |
224 |
0.08 |
0.11 |
3,364 |
224 |
0.08 |
0.11 |
| Marketing Charges | 0 |
0 |
0.00 |
0.00 |
0 |
0 |
0.00 |
0.00 |
| Total Post-Harvest Costs | 187,203 |
12,480 |
4,46 |
6.12 |
252,269 |
16,818 |
6,00 |
7.94 |
| Operating Costs | ||||||||
| Spray and Chemicals | 30,795 |
2,053 |
0,73 |
1.01 |
30,420 |
2,028 |
0.72 |
0.96 |
| Pollination | 1,500 |
100 |
0.04 |
0,05 |
1,560 |
104 |
0.04 |
0.05 |
| Fertiliser | 5,730 |
382 |
0.14 |
0.19 |
5,925 |
395 |
0.14 |
0.19 |
| Electricity | 2,580 |
172 |
0.06 |
0.08 |
2,610 |
174 |
0.06 |
0.08 |
| Sundry Expenses | 8,025 |
535 |
0.19 |
0.26 |
7,440 |
496 |
0.18 |
0.23 |
| Vehicles | 7,890 |
526 |
0.19 |
0.26 |
8,025 |
535 |
0.19 |
0.25 |
| Repairs and Maintenance | 9,390 |
626 |
0.22 |
0.31 |
9,015 |
601 |
0.21 |
0.28 |
| Total Operating | 65,910 |
4,394 |
1.57 |
2.16 |
64,995 |
4,333 |
1.55 |
2.05 |
| Administration and Property Expenses | ||||||||
| Communication | 1,600 |
107 |
0.04 |
0.05 |
1,650 |
110 |
0.04 |
0.05 |
| Rates | 3,930 |
262 |
0.09 |
0.13 |
3,945 |
263 |
0.09 |
0.12 |
| Accountancy, Consultancy, Legal | 6,030 |
402 |
0.14 |
0.20 |
5,970 |
398 |
0.14 |
0.19 |
| General Insurance | 3,735 |
249 |
0.09 |
0.12 |
3,630 |
242 |
0.09 |
0.11 |
| Crop Insurance | 6,420 |
428 |
0.15 |
0.21 |
6,735 |
449 |
0.16 |
0.21 |
| Other | 2,555 |
170 |
0.06 |
0.08 |
2,655 |
177 |
0.06 |
0.08 |
| Total Administration | 24,270 |
1,618 |
0.58 |
0.79 |
24,585 |
1,639 |
0.58 |
0.77 |
| Cash Orchard Expenditure | 381,183 |
25,412 |
9.08 |
12.46 |
446,714 |
29,781 |
10.62 |
14.07 |
| Mortgage Interest | 25,320 |
1,688 |
0.60 |
0,83 |
21.255 |
1,417 |
0.51 |
0.67 |
| O/D Interest | 5,400 |
360 |
0.13 |
0,18 |
3,705 |
247 |
0.09 |
0.12 |
| Lease Costs | 6,720 |
448 |
0.16 |
0.22 |
8,070 |
538 |
0.19 |
0.25 |
| Total Interest and Lease Costs | 37,440 |
2,496 |
0.89 |
1.22 |
33,030 |
2,202 |
0.79 |
1.04 |
| Total Orchard Expenditure incl interest | 418,623 |
27,908 |
9.97 |
13.69 |
479,744 |
31,983 |
11.41 |
15.11 |
| Calculated Ratios | ||||||||
| Cash Orchard Exp(excl interest+rent)/GFR | 92% |
80% |
||||||
| Economic Orchard Surplus/Total Orchard Capital | -2.4% |
7% |
||||||
| Interest+rent+lease/GFR | 9% |
6% |
||||||
| Economic Orchard Surplus (or EBIT) | -20,721 |
-1,381 |
-0.49 |
-0.68 |
55,698 |
3,713 |
1.32 |
1.75 |
| Net Trading ProfTt/GFR | -5% |
11% |
||||||
| EOS/GFR | -5% |
10% |
||||||
Nelson Pipfruit Production and Income Details
1999/2000 Season
Area |
Gross |
Export |
Total |
Export |
Revenue |
|
(ha) |
Yield |
Packout |
Export |
Return |
($) |
|
(TCE) |
Cartons |
($/TCE) |
||||
| Variety | ||||||
| Braeburn | 4.05 |
14,783 |
74 |
10,939 |
14,80 |
161,903 |
| Cox Orange | 1.8 |
6,300 |
64 |
4,032 |
16,50 |
66,528 |
| Fuji | 1.05 |
3,885 |
64 |
2,486 |
19.90 |
49,479 |
| Pacific Rose (Scired) | 0.45 |
772 |
64 |
494 |
19.80 |
9,783 |
| Royal Gala (includes red sports) | 4.5 |
13,500 |
78 |
10,530 |
17.50 |
184,275 |
| Southern Rose | 0.9 |
1,009 |
80 |
807 |
17,80 |
14,368 |
| Other Export Pipfruit | 0.75 |
1,725 |
75 |
1,294 |
24.10 |
31,179 |
| Vacant Plantable Area | 1.5 |
0 |
0 |
0 |
||
| Total | 15.0 |
41,974 |
30,583 |
$517,616 |
||
| Proportion of fruit income received this financial year | 57.0% |
|||||
| Fruit Value - current year | $294,984 |
|||||
| Deferred Income from previous year | $83,865 |
|||||
| Gross Pipfruit Income | $378,849 |
|||||
2000/01 Season |
||||||
Area |
Gross | Export |
Total |
Export |
Revenue |
|
(ha) |
Yield | Packout |
Export |
Return |
($) |
|
| (TCE) | (%) |
Cartons |
($/TCE) |
|||
| Variety | ||||||
| Braeburn | 3.90 |
14,138 |
76 |
10,745 |
14.80 |
159,024 |
| Cox Orange | 1.58 |
5,513 |
69 |
3,804 |
16.80 |
63,907 |
| Fuji | 1.05 |
3,885 |
65 |
2,525 |
19,90 |
50,252 |
| Pacific Rose | 0.45 |
772 |
64 |
494 |
20.15 |
9,956 |
| Royal Gala (includes red sports) | 4.65 |
13,950 |
80 |
11,160 |
17.80 |
198,648 |
| Southern Rose | 1.05 |
1,890 |
85 |
1,607 |
17.91 |
28,772 |
| Other Export Pipfruit | 0.83 |
1.898 |
75 |
1.424 |
24.10 |
34,306 |
| Vacant Plantable Area | 1.50 |
0 |
0 |
|||
| Total | 15.0 |
42,046 |
31,758 |
$544,866 |
||
| Proportion of fruit income received this financial year | 57.0% |
|||||
| Fruit Value - current year | $310,574 |
|||||
| Deferred Income from previous year | $222,530 |
|||||
| Gross Pipfruit Income | $533 104 |
|||||
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PO Box 2526
Wellington
NEW ZEALAND
Phone: +64 4 894 0623
Fax: +64 4 894 0741
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