Arable Budget 2018-2019

PROFIT & LOSS ACCOUNT FOR THE FINANCIAL YEAR 1ST APRIL 2018 TO 31ST MARCH 2019

£

%

Closing Valuation at 31st March 2019

140,370

Of gross Turnover

Winter Wheat (Light Land) Winter Wheat (Heavy Land)

100,253 119,625 32,639 90,144 23,040 34,040 72,975

Winter Barley Winter OSR Spring Beans

D Peas

Sugar Beet

472,716

Less: Opening Valuation at 1st April 2018

(148,306) 464,780

Add: Other Operating Income Rents

9,200 7,787

Misc

Basic Payment Scheme + ELS

101,850

118,837

Gross Output

583,617

Less Variable Costs Seed

37,053 63,468 87,873 7,030 2,699

Fertilisers Sprays

Contract & Haulage

Sundry

198,123

34%

Farm Gross Margin

385,494

66%

Less: Fixed Costs Property Costs

11,500 36,537 125,726 33,104 131,723

2% 6%

Labour Machinery

22% 6% 23% 58%

General Overheads Rent & Financing Costs

338,591

PROFIT/(LOSS) FOR THE YEAR BEFORE DRAWINGS 46,903 8%

BROWN&CO | ARABLE BUDGET