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Gisborne Large Hill Country Budget

 

	1999/2000			2000/01f
	$			$
	Whole farm	per ha	per su	Whole farm	per ha	per su
Revenue
Sheep	194,920	132	29.73	209,035	142	31.71
Wool	72,224	49	11.02	71,391	48	10.83
Cattle	248,170	168	48,87	301,003	204	55.77
Grazing income	3,217	2	0.28	466	0	0.04
Other farm income	14.805	10	1.27	13,651	9	1.14
Less:
Sheep purchases	20,890	14	3.19	17,880	12	2.71
Cattle purchases	52,920	36	10.42	59,256	40	10.98
Gross Farm Revenue	459,526	312	39.50	518,410	352	43.24
Cash Farm Expenditure	354,257	240	30.45	365,270	248	30.46
(includes interest)
Cash Farm Surplus	105,269	71	9.05	153,140	104	12.77
Stock value adjustment	30,498	21	2.62	6,339	4	0,53
Minus depreciation	16,148	11	1.39	16.281	11	1.36
Net Trading Profit	119,619	81	10.28	143,198	97	11.94
Taxation	9,318	6	0.80	16,629	11	1.39
Net Trading Profit after Tax	110,301	75	9.48	126,569	86	10.56
Allocation of Funds
add back Depreciation	16,148	11	1,39	16,281	11	1.36
Reverse stock value adjustment	-30,498	-21	-2.62	-6,339	-4	-0.53
Drawings	25,672	17	2.21	27,683	19	2.31
Principal repayments	12,572	9	1.08	14,362	10	1.20
Development	1,982	1	0,17	6,500	4	0.54
Capital purchases	7,836	5	0.67	7,680	5	0.64
Disposable Surplus/Deficit	47,889	32	4.12	80,286	54	6.70
Other Cash Sources
New borrowing	13,856	9	1.19	0	0	0.00
Off-farm income	1,807	1	0.16	1.601	1	0.13
Other cash income	6,919	5	0.59	6,024	4	0.50
Net Cash Change	70,471	48	6.06	87,911	60	7.33
Assets and Liabilities
Farm, forest and building (Opening)	2,285,655	1,551	196.46	2,285,655	1,551	190.63
Plant and machinery (Opening)	69,378	47	5,96	68,999	47	5.75
Stock valuation (Opening)	924,286	627	79.45	954,005	647	79.57
Total Farm Capital	3.279,319	2,225	281.87	3,308,659	2,245	275.95
Total Debt Opening	546,133	371	46.94	454,681	308	37.92
Equity (Assets-Liabilities)	2,733,186	1,854	234.93	2,853,978	1,936	238.03

Farm Working Expenses	1999/2000			2000/01f
	$			$
	Whole farm	per ha	per su	Whole farm	per ha	per su
Permanent wages	80,129	54	6.89	83,970	57	7.00
Casual wages	6,122	4	0.53	4,995	3	0.42
ACC	2,457	2	0.21	2,406	2	0.20
Agricultural contracting	0	0	0.00	0	0	0.00
Animal health	25,713	17	2.21	26,101	18	2.18
Breeding	1,916	1	0,16	2,407	2	0.20
Electricity	3,870	3	0.33	3,820	3	0,32
Feed (hay & silage)	1,351	1	0.12	1,286	1	0.11
Feed (grazing)	1,254	1	0.11	1,049	1	0.09
Feed (other)	479	0	0,04	455	0	0.04
Farm forestry costs	3,462	2	0.30	5,162	4	0.43
Fertiliser	39,798	27	3.42	47,412	32	3.95
Lime	0	0	0.00	0	0	0,00
Freight (not elsewhere deducted)	5,217	4	0.45	5,112	3	0.43
Regrassing costs (contractors)	838	1	0.07	570	0	0.05
Seeds	1,822	1	0.16	675	0	0.06
Shearing costs	33,712	23	5.14	30,794	21	4.67
Weed & pest control	7,134	5	0.61	8.022	5	0.67
Fuel	5,771	4	0.50	5,332	4	0.44
Vehicle costs (excl fuel)	6,098	4	0.52	6,838	5	0.57
Repairs and maintenance	26,565	18	2,28	29,888	20	2.49
Rates	18,399	12	1.58	18,754	13	1.56
Water charges (irrigation)	0	0	0.00	0	0	0.00
Communication costs (phone & mail)	3,116	2	0.27	3,154	2	0.26
Insurance	5,362	4	0.46	5,250	4	0.44
Accountancy	9,019	6	0.78	8,706	6	0.73
Legal & consultancy	5,117	3	0.44	4,937	3	0.41
Other admin	453	0	0.04	371	0	0.03
Other expenditure	13,130	9	1.13	13,585	9	1,13
Interest	43,512	30	3.74	41,778	28	3.48
Rent &/or leases	2,441	2	0.21	2,441	2	0.20
Cash Farm Expenditure
Calculated Ratios
Cash Farm Exp(excl interest+rent)/GFR	67%			62%
EFS/Total Farm Capital	4%			4%
Interest+rent+lease/GFIR	10%			9%
Economic Farm Surplus (or EBIT)	120,572	82	10.36	142,417	97	11.88
Net Trading Profit/GFR	26%			28%
EFS/GFR	26%			27%

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