Livestock Budget 2019-2020

PROFIT & LOSS ACCOUNT FOR THE FINANCIAL YEAR 1ST APRIL 2019 – 1ST MARCH 2020

£

%

Closing Valuation at 31st March 2020

171,800

Of gross Turnover

Sheep

64,400 9,800

Cull Sales

127,000

Less: Opening Valuation at 1st April 2019

(171,500) 127,300

Add: Other Operating Income Misc Single Farm Payment

12,000 33,399

45,399

Gross Output

172,699

Less Variable Costs Fertilisers

7,699 500 24,155 18,450 16,011 7,500 9,750

Sprays

Contract & Haulage

Purchases

Feeds

Vet & Medical

Sundry

84,065 88,634

49% 51%

Farm Gross Margin

Less: Fixed Costs Property Costs

4,500 5,000 34,450 10,130 14,320

3% 3%

Labour Machinery

20% 6% 8% 40%

General Overheads Rent & Financing Costs

68,400

PROFIT/(LOSS) FOR THE YEAR BEFORE DRAWINGS 20,234 12%

BROWN&CO | LIVESTOCK BUDGET