Hawke's Bay Summer Dry Budget
1999/2000 |
2000/01f |
|||||
$ |
$ |
|||||
| Whole farm | per ha | per SU | Whole farm | per ha | per SU | |
| Revenue | ||||||
| Sheep | 142,093 |
297 |
40,27 |
129,081 |
265 |
38.87 |
| Wool | 42,999 |
90 |
12.19 |
45,043 |
92 |
13.57 |
| Cattle | 140,548 |
293 |
106.84 |
176,888 |
363 |
116.30 |
| Grazing income | 2,217 |
5 |
0.45 |
1,783 |
4 |
0.37 |
| Other farm income | 11,203 |
23 |
2,29 |
8,077 |
17 |
1.66 |
| Less: | ||||||
| Sheep purchases | 17,295 |
36 |
4,90 |
16,988 |
35 |
5,12 |
| Cattle purchases | 80,062 |
167 |
60.86 |
84,583 |
174 |
55.61 |
| Gross Farm Revenue | 241,703 |
505 |
49.47 |
259,301 |
532 |
53.17 |
| Cash Farm Expenditure | 170,448 |
356 |
34.89 |
178,561 |
367 |
36.61 |
| (includes interest) | ||||||
| Cash Farm Surplus | 71,255 |
149 |
14.58 |
80,740 |
166 |
16.56 |
| Stock value adjustment | 3,781 |
8 |
0.77 |
11,086 |
23 |
2.27 |
| Minus depreciation | 8,262 |
17 |
1.69 |
8,028 |
16 |
1.65 |
| Net Trading Profit | 66,774 |
139 |
13.67 |
83,798 |
172 |
17.18 |
| Taxation | 7,616 |
16 |
1.56 |
19,728 |
41 |
4,05 |
| Net Trading Profit after Tax | 59,158 |
124 |
12.11 |
64,070 |
132 |
13.14 |
| Allocation of Funds | ||||||
| add back Depreciation | 8,262 |
17 |
1.69 |
8,028 |
16 |
1.65 |
| Reverse stock value adjustment | -3,781 |
-8 |
-0.77 |
-11,086 |
-23 |
-2.27 |
| Drawings | 35,211 |
74 |
7.21 |
33,459 |
69 |
6.86 |
| Principal repayments | 9,050 |
19 |
1,85 |
5,580 |
11 |
1.14 |
| Development | 8,064 |
17 |
1.65 |
3,400 |
7 |
0.70 |
| Capital purchases | 10,019 |
21 |
2.05 |
3,973 |
8 |
0.81 |
| Disposable Surplus/Deficit | 1,295 |
3 |
0.27 |
14,600 |
30 |
2.99 |
| Other Cash Sources | ||||||
| New borrowing | 7,250 |
15 |
1.48 |
0 |
0 |
0.00 |
| Off-farm income | 8,078 |
17 |
1.65 |
5,650 |
12 |
1.16 |
| Other cash income | 483 |
1 |
0.10 |
0 |
0 |
0,00 |
| Net Cash Change | 17,106 |
36 |
3.50 |
20,250 |
42 |
4.15 |
| Assets and Liabilities | ||||||
| Farm, forest and building (Opening) | 1,132,963 |
2,365 |
231.89 |
1,160,050 |
2,382 |
237,87 |
| Plant and machinery (Opening) | 48,455 |
101 |
9.92 |
49,902 |
102 |
10.23 |
| Stock valuation (Opening) | 357,543 |
746 |
73.18 |
379,600 |
779 |
77.84 |
| Total Farm Capital | 1,538,961 |
3,213 |
314.99 |
1,589,552 |
3,264 |
325.94 |
| Total Debt Opening | 297,271 |
621 |
60.85 |
298,531 |
613 |
61.21 |
| Equity (Assets-Liabilities) | 1,241,690 |
2,592 |
254.15 |
1,291,021 |
2,651 |
264.73 |
1999/2000 |
2000/01f |
|||||
$ |
$ |
|||||
| Whole farm | per ha | per SU | Whole farm | per ha | per SU | |
| Farm Working Expenses | ||||||
| Permanent wages | 13,850 | 29 | 2.83 | 14,808 | 30 | 3.04 |
| Casual wages | 5,640 | 12 | 1.15 | 7,109 | 15 | 1.46 |
| ACC | 999 | 2 | 0.20 | 1,117 | 2 | 0.23 |
| Agricultural contracting | 1,327 | 3 | 0.27 | 1,145 | 2 | 0.23 |
| Animal health | 13,425 | 28 | 2.75 | 13,782 | 28 | 2.83 |
| Breeding | 927 | 2 | 0.19 | 993 | 2 | 0.20 |
| Electricity | 2,787 | 6 | 0.57 | 2,826 | 6 | 0.58 |
| Feed (hay & silage) | 3,169 | 7 | 0.65 | 2,492 | 5 | 0.51 |
| Feed (grazing) | 862 | 2 | 0.18 | 470 | 1 | 0.10 |
| Feed (other) | 979 | 2 | 0.20 | 955 | 2 | 0.20 |
| Farm forestry costs | 1,935 | 4 | 0.40 | 2,469 | 5 | 0.51 |
| Fertiliser | 26,082 | 54 | 5,34 | 27,486 | 56 | 5.64 |
| Lime | 25 | 0 | 0.01 | 460 | 1 | 0.09 |
| Freight (not elsewhere deducted) | 3,647 | 8 | 0,75 | 3,483 | 7 | 0.71 |
| Regrassing costs (contractors) | 998 | 2 | 0.20 | 1,130 | 2 | 0.23 |
| Seeds | 1,072 | 2 | 0.22 | 1,195 | 2 | 0.25 |
| Shearing costs | 14,185 | 30 | 4,02 | 14,066 | 29 | 4.24 |
| Weed & pest control | 2,424 | 5 | 0,50 | 2,653 | 5 | 0.54 |
| Fuel | 3,981 | 8 | 0.81 | 4,065 | 8 | 0,83 |
| Vehicle costs (excl fuel) | 5,900 | 12 | 1.21 | 5,698 | 12 | 1.17 |
| Repairs and maintenance | 10,552 | 22 | 2.16 | 10,602 | 22 | 2.17 |
| Rates | 5,943 | 12 | 1.22 | 5,960 | 12 | 1.22 |
| Water charges (irrigation) | 5 | 0 | 0.00 | 5 | 0 | 0.00 |
| Communication costs (phone & mail) | 2,188 | 5 | 0.45 | 2,023 | 4 | 0.41 |
| Insurance | 3,449 | 7 | 0.71 | 3,389 | 7 | 0.69 |
| Accountancy | 3,190 | 7 | 0.65 | 3,022 | 6 | 0.62 |
| Legal & consultancy | 3,015 | 6 | 0.62 | 2,483 | 5 | 0.51 |
| Other admin | 392 | 1 | 0.08 | 376 | 1 | 0.08 |
| Other expenditure | 4,583 | 10 | 0.94 | 4,840 | 10 | 0.99 |
| Interest | 23,680 | 49 | 4.85 | 25,886 | 53 | 5.31 |
| Rent &/or leases | 9,237 | 19 | 1.89 | 11,573 | 24 | 2,37 |
| Cash Farm Expenditure | 170,448 | 356 | 34.89 | 178,561 | 367 | 36.61 |
| Calculated Ratios | ||||||
| Cash Farm Exp(excl interest+rent)/GFR | 57% | 54% | ||||
| Net trading profit/Total Farm Capital | 4% | 5% | ||||
| 1 rite rest+ rent+lease/GFR | 14% | 14% | ||||
| Economic Farm Surplus (or EBIT) | 56,301 | 118 | 11.52 | 77,361 | 159 | 15.86 |
| Net Trading Profit/GFR | 28% | 32% | ||||
| EFS/GFR | 23% | 30% | ||||
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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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