There were improvements in the financial performance of Tasmanian farm businesses during 1999-2000. There was an increase in cash operating surplus with farm businesses reporting reduced costs. There was increased turnover from sales of livestock and from livestock products but this was offset by a significant decrease in sales from crops. Lower interest rates saw reduced total interest payments although net capital expenditure and overall debt levels increased.
FARM BUSINESS FINANCES, Tasmania - Years Ended 30 June
|
 | Aggregates
| | Averages
|
| 1998 | 1999 | 2000 | | 1998 | 1999 | 2000 |
| | | | | | | |
| $m | $m | $m | | $'000 | $'000 | $'000 |
|
| Sales from crops | 231.8 | 236.1 | 191.7 | | 82.8 | 85.3 | 71.7 |
| Sales from livestock | 148.3 | 154.8 | 180.6 | | 53.0 | 55.9 | 67.5 |
| Sales from livestock products | 207.9 | 189.6 | 201.7 | | 74.3 | 68.5 | 75.4 |
| Turnover | 726.3 | 676.4 | 675.1 | | 259.6 | 244.4 | 252.5 |
| Purchases & selected expenses | 409.7 | 378.2 | 372.1 | | 146.4 | 136.6 | 139.1 |
| Value added(a) | 304.2 | 321.6 | 333.3 | | 108.7 | 116.2 | 124.7 |
| Cash operating surplus | 108.5 | 135.1 | 140.1 | | 38.8 | 48.8 | 52.4 |
| Net capital expenditure | 67.8 | 38.9 | 52.0 | | 24.2 | 14.1 | 19.4 |
| Value of assets | 3,482.9 | 3,079.7 | 3,043.6 | | 1,244.8 | 1,112.6 | 1,138.2 |
| Interest paid | 53.2 | 41.9 | 39.3 | | 19.0 | 15.1 | 14.7 |
| Gross indebtedness | 602.7 | 569.0 | 610.0 | | 215.4 | 205.5 | 228.1 |
| Net worth | 2,880.2 | 2,510.7 | 2,433.6 | | 1,029.4 | 907.1 | 910.1 |
(a) Includes an estimate for the change in value of livestock.
Source: Agriculture, Australia (Cat. no. 7113.0). |
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