Central North Island Hill Country Budget
1999/2000 |
2000/0f |
|||||
$ |
$ |
|||||
| Revenue | Whole farm | per ha | per SU | Whole farm | per ha | per SU |
| Sheep | 100,449 |
183 |
31.81 |
104,301 |
190 |
33.47 |
| Wool | 42,354 |
77 |
13.41 |
43,780 |
80 |
14.05 |
| Cattle | 76,323 |
139 |
40.58 |
76,500 |
139 |
40.67 |
| Grazing income | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Other farm income | 0 |
0 |
0,00 |
0 |
0 |
0.00 |
| Less: | ||||||
| Sheep purchases | 2,250 |
4 |
0.71 |
2,250 |
4 |
0.72 |
| Cattle purchases | 3,300 |
6 |
1.75 |
3,300 |
6 |
1.75 |
| Gross Farm Revenue | 213,576 |
388 |
42.38 |
219,031 |
398 |
43.83 |
| Cash Farm Expenditure | 146,687 |
267 |
29.11 |
160,281 |
291 |
32.08 |
| (includes interest) | ||||||
| Cash Farm Surplus | 66,889 |
122 |
13.27 |
58,750 |
107 |
11.76 |
| Stock value adjustment | -1.094 |
-2 |
-0.22 |
-126 |
0 |
-0.03 |
| Minus depreciation | 4,811 |
9 |
0.95 |
5,209 |
9 |
1 04 |
| Net Trading Profit | 60,984 |
111 |
12.10 |
53,415 |
97 |
10.69 |
| Taxation | 8,645 |
16 |
1.72 |
12,219 |
22 |
2.45 |
| Net Trading Profit after Tax | 52,339 |
95 |
10.39 |
41,196 |
75 |
8.24 |
| Allocation of Funds | ||||||
| add back Depreciation | 4,811 |
9 |
0.95 |
5,209 |
9 |
1.04 |
| Reverse stock value adjustment | 1,094 |
2 |
0.22 |
126 |
0 |
0.03 |
| Drawings | 31,708 |
58 |
6.29 |
32,000 |
58 |
6.40 |
| Principal repayments | 10,330 |
19 |
2.05 |
9,986 |
18 |
2.00 |
| Development | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Capital purchases | 5,000 |
9 |
0.99 |
5,000 |
9 |
1 .00 |
| Disposable Surplus/Deficit | 11,206 |
20 |
2.22 |
-455 |
-1 |
-0.09 |
| Other Cash Sources | ||||||
| New borrowing | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Off-farm income | 5,000 |
9 |
0.99 |
5,000 |
9 |
1.00 |
| Other cash income | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Net Cash Change | 16,206 |
29 |
3.22 |
4,545 |
8 | 0.91 |
| Assets and Liabilities | ||||||
| Farm, forest and building (Opening) | 881,825 |
1,603 |
175.00 |
881,825 |
1,603 |
176.47 |
| Plant and machinery (Opening) | 37,653 |
68 |
7.47 |
37,862 |
69 |
7.58 |
| Stock valuation (Opening) | 365,354 |
664 |
72.51 |
388,330 |
706 |
77.71 |
| Total Farm Capital | 1.284,832 |
2,336 |
254.98 |
1,308,017 |
2,378 |
261,76 |
| Total Debt Opening | 280,000 |
509 |
55.57 |
270,000 |
491 |
54.03 |
| Equity (Assets-Liabilities) | 1,004,832 |
1,827 |
199.41 |
1,038,017 |
1,887 |
207.73 |
1999/2000 |
2000/00f |
|||||
Whole farm |
per ha |
per SU |
Whole farm |
per ha |
per SU |
|
| Farm Working Expenses | ||||||
| Permanent wages | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Casual wages | 3,151 |
6 |
0.63 |
3,796 |
7 |
0.76 |
| ACC | 892 |
2 |
0.18 |
983 |
2 |
11.20 |
| Agricultural contracting | 0 |
0 |
0.00 |
0 |
0 |
1300 |
| Animal health | 12,876 |
23 |
2.56 |
13,184 |
24 |
2.64 |
| Breeding | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Electricity | 2.197 |
4 |
0.44 |
2,341 |
4 |
0.47 |
| Feed (hay & silage) | 2,222 |
4 |
0.44 |
2.312 |
4 |
0.46 |
| Feed (grazing) | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Feed (other) | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Farm forestry costs | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Fertiliser | 23,828 |
43 |
4.73 |
29,625 |
54 |
5.93 |
| Lime | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Freight (not elsewhere deducted) | 1,589 |
3 |
0.32 |
1,982 |
4 |
0.40 |
| Regrassing costs (contractors) | 860 |
2 |
0.17 |
324 |
1 |
0,06 |
| Seeds | 246 |
0 |
0.05 |
275 |
1 |
0.06 |
| Shearing costs | 13,236 |
24 |
4.19 |
14,453 |
26 |
4.64 |
| Weed & pest control | 4,194 |
8 |
0.83 |
4,132 |
8 |
0.83 |
| Fuel | 4.446 |
8 |
0.88 |
4,755 |
9 |
0.95 |
| Vehicle costs (excl fuel) | 5,962 |
11 |
1,18 |
5,946 |
11 |
1.19 |
| Repairs and maintenance | 17,310 |
31 |
3.44 |
18,252 |
33 |
3.65 |
| Rates | 7,130 |
13 |
1.41 |
7,200 |
13 |
1.44 |
| Water charges (irrigation) | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Communication costs (phone & mail) | 1,100 |
2 |
0.22 |
1,146 |
2 |
0.23 |
| Insurance | 2,296 |
4 |
0.46 |
2,475 |
5 |
0.50 |
| Accountancy | 3.019 |
5 |
0.60 |
3,225 |
6 |
0.65 |
| Legal & consultancy | 2.142 |
4 |
0.43 |
2,511 |
5 |
0.50 |
| Other admin | 800 |
1 |
0.16 |
476 |
1 |
0.10 |
| Other expenditure | 6,793 |
12 |
1.35 |
9,166 |
17 |
1.83 |
| Interest | 24,791 |
45 |
4.92 |
26,205 |
48 |
5.24 |
| Rent &/or leases | 5,607 |
10 |
1.11 |
5,517 |
10 |
1.10 |
| Cash Farm Expenditure | 146,687 |
267 |
29.11 |
160,281 |
291 |
32.08 |
| Calculated Ratios | ||||||
| Cash Farm Exp(excl interest+rent)/GFR | 54% |
59% |
||||
| EFS/Total Farm Capital | 4% |
3% |
||||
| Interest+rent+lease/GFR | 14% |
14% |
||||
| Economic Farm Surplus (or EBIT) | 50,534 |
92 |
10.03 |
44.057 |
80 |
8.82 |
| Net Trading Profit/GFR | 29% |
24% |
||||
| EFS/GFR | 24% |
20% |
||||
| © MAF 2000 |  |
|
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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
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