Balance Sheet of the Agricultural Sector at December 31 - BC Ministry of Agriculture and Lands

Balance sheet of the agricultural sector at December 31, 2003

	Including non-operator landlords and excluding personal share of households ('000 of dollars)
	N.L.	P.E.I.	N.S.	N.B.	Que.	Ont.	Man.	Sask.	Alta.	B.C.	Canada
Current assets (CA)	16,499	260,162	115,188	191,800	2,332,415	3,797,054	2,372,901	4,391,196	7,069,628	544,815	21,091,659
--Cash, bonds and savings (C)	1,926	6,040	13,506	15,876	288,322	314,638	113,190	344,384	450,802	65,903	1,614,587
--Accounts receivable (AR)	4,038	25,730	20,292	21,622	385,837	571,188	215,402	535,841	520,875	119,214	2,420,038
--Inventories	10,535	228,391	81,391	,154,302	1,658,256	2,911,228	2,044,309	3,510,972	6,097,951	359,698	17,057,034
--Poultry and market livestock	5,344	44,880	39,992	40,870	617,000	1,048,875	683,380	793,789	3,246,848	189,839	6,710,817
--Crops	836	150,805	8,936	85,275	540,155	952,434	975,302	2,008,903	1,555,667	35,952	6,314,264
--Inputs	4,355	32,706	32,463	28,157	501,101	909,920	385,627	708,280	1,295,436	133,908	4,031,953
Quota	62,456	259,962	615,617	420,438	7,968,405	8,774,839	754,030	550,535	1,787,614	1,831,855	23,025,752
Breeding livestock	12,656	55,280	109,681	75,798	1,375,002	1,540,853	1,002,046	1,874,852	3,184,212	693,700	9,924,077
Machinery	42,036	288,958	322,814	346,858	3,753,182	6,332,837	3,356,640	7,665,308	8,329,786	1,486,687	31,925,107
--Autos	1,102	4,906	6,741	5,918	50,368	181,862	64,417	164,387	170,984	45,243	696,200
--Trucks	6,510	36,559	41,627	44,773	294,162	657,534	458,110	1,163,355	1,363,109	265,043	4,330,781
--Other machinery	34,424	247,493	174,447	296,166	3,408,383	5,493,441	2,834,112	6,337,565	6,795,693	1,176,402	26,898,125
Farm real estate	144,855	1,059,818	986,521	943,646	14,866,573	39,149,978	9,631,688	21,327,767	38,431,599	11,036,474	137,578,920
--Land	112,123	778,021	548,758	656,457	9,475,900	25,736,901	8,092,003	18,475,073	30,838,208	7,681,204	102,394,646
--Service buildings	28,188	210,244	382,398	245,246	4,637,142	10,215,840	991,923	1,890,790	5,488,866	2,093,774	26,184,412
--Homes	4,544	71,553	55,365	41,943	753,531	3,197,238	547,762	961,904	2,104,526	1,261,496	8,999,862
Other Long-term assets	4,178	62,807	75,135	72,477	512,961	1,686,001	834,942	2,073,901	1,860,925	176,243	7,359,570
Total assets (TA)	282,680	1,986,986	2,224,957	2,051,017	30,808,538	61,281,562	17,952,247	37,883,559	60,663,764	15,769,774	230,905,085

Current liabilities (CL)	5,380	154,338	103,874	110,563	1,270,694	2,346,571	1,403,347	1,489,086	2,689,012	317,662	9,890,527
Long-term liabilities	55,977	406,832	420,960	442,475	7,494,522	8,345,707	3,104,412	4,841,988	7,158,104	1,692,056	33,963,033
Total assets (TA)	61,357	561,170	524,834	553,038	8,765,216	10,692,278	4,507,759	6,331,074	9,847,116	2,009,718	43,853,560

Equity (E)	221,323	1,425,817	1,700,123	1,497,979	22,043,322	50,589,284	13,444,488	31,552,485	50,816,648	13,760,056	187,051,525

	Ratios
Liquidity ratios
--Current (CA/CL)	3.67	1.686	1.109	1.735	1.836	1.618	1.691	2.949	2.629	1.715	2.133
--Acid test ((C+AR)/CL)	1.109	0.206	0.325	0.339	0.531	0.377	0.234	0.591	0.361	0.583	0.408
--Debt structure (CL/TL)	0.088	0.275	0.198	0.200	0.145	0.219	0.311	0.235	0.273	0.158	0.226
Solvency ratios
--Leverage (TL/E)	0.277	0.394	0.309	0.369	0.398	0.211	0.335	0.201	0.194	0.146	0.234
--Equity (E/TA)	0.783	0.718	0.764	0.730	0.715	0.826	0.749	0.833	0.838	0.873	0.810
--Debt (TL/TA)	0.217	0.282	0.236	0.270	0.285	0.174	0.251	0.167	0.162	0.127	0.190
Profitability ratios
--Capital turnover (R/TA)	0.312	0.210	0.222	0.225	0.244	0.174	0.239	0.179	0.188	0.175	0.194
--Return on assets ((NIBT+I)/ATA)	0.025	0.022	0.012	0.016	0.043	0.016	0.145	0.034	0.023	0.019	0.027
--Return on equity (NIBT/AE)	0.016	0.009	-0.003	0.001	0.035	0.008	0.043	0.030	0.017	0.013	0.020
Financial efficiency ratios
--Interest coverage ((NIBT+I)/I)	1.992	0.457	0.836	1.072	2.424	1.738	3.559	3.837	2.640	2.485	2.572

Balance sheet of the agricultural sector at December 31, 2002

	Including non-operator landlords and excluding personal share of households ('000 of dollars)
	N.L.	P.E.I.	N.S.	N.B.	Que.	Ont.	Man.	Sask.	Alta.	B.C.	Canada
Current assets (CA)	16,413	297,262	111,220	204,441	2145,496	3730,595	2,426,302	4,422,349	6,228,214	564,807	20,147,099
--Cash, bonds and savings (C)	1,533	5,831	13,918	15,393	213,579	277,319	101,620	345,804	446,238	66,600	1,487,837
--Accounts receivable (AR)	4,103	24,922	20,539	20193	330,511	497,957	223,495	494,023	526,929	125,250	2,267,924
--Inventories	10,777	266,508	76,762	168,855	1,601,406	2,955,318	2,101,187	3,582,521	5,255,046	372,957	16,391,338
--Poultry and market livestock	5,530	41,543	35,454	35,090	583,819	1,083,702	628,977	802,965	2,826,553	189,857	6,233,490
--Crops	755	192,055	9,951	109,193	546,067	970,694	1,083,097	2,015,366	1,257,163	48,553	6,232,894
--Inputs	4,492	32,910	31,358	24,571	471,520	900,922	389,112	764,190	1,171,331	134,547	3,924,953
Quota	60,072	234,360	592,286	398,751	7,446,698	8,486,010	784,883	524,843	1,773,915	1,779,335	22,081,154
Breeding livestock	11,951	54,370	105,238	74,489	1,358,854	1,568,972	1,017,301	2,002,557	2,671,373	743,945	9,609,048
Machinery	39,772	282,547	314,096	333,2228	3,666,508	6,240,043	3,310,550	7,721,787	8,288,785	1,489,982	31,687,297
--Autos	1,115	4,963	6,818	5,972	50,330	183,613	65,053	162,138	172,284	45,580	697,866
--Trucks	6,512	36,662	41,709	45,116	293,245	660,590	460,231	1,152,084	1,364,567	265,845	4,326,561
--Other machinery	32,145	240,922	265,568	282,140	3,322,932	5,395,840	2,785,266	6,407,565	6,751,934	1,178,558	26,662,870
Other Long-term assets	4,406	61,947	67,999	61,002	546,526	1,671,382	857,143	2,278,019	1,915,788	176,711	7,640,923
Total assets	273,346	1,993,018	2,183,703	2,014,323	29,789,339	59,778,056	17,777,933	37,804,660	58,295,950	15,531,882	225,442,213

Current liabilities (CL)	5,697	130,482	108,089	97,976	1,142,007	2,119,084	1,159,366	1,211,266	2,275,184	260,215	8,509,366
Long-term liabilities	56,543	375,237	376,446	376,345	7,205,440	8,022,684	2,850,466	4,548,557	6,879,401	1,642,794	32,333,913
Total assets (TA)	62,240	505,719	484,535	474,321	8,347,447	10,141,768	4,009,832	5,759,823	9,154,585	1,903,009	40,843,279

Equity (E)	211,106	1,487,298	1,699,168	1,540,002	21,441,891	49,636,292	13,768,102	32,044,837	49,141,365	13,628,874	184,598,935

	Ratios
Liquidity ratios
--Current (CA/CL)	2.881	2.278	1.029	2.087	1.879	1.760	2.093	3.651	2.737	2.171	2.368
--Acid test ((C+AR)/CL)	0.989	0.236	0.319	0.363	0.476	0.366	0.280	0.693	0.428	0.737	0.441
--Debt structure (CL/TL)	0.092	0.258	0.223	0.207	0.137	0.209	0.289	0.210	0.249	0.137	0.208
Solvency ratios
--Leverage (TL/E)	0.295	0.340	0.285	0.308	0.389	0.204	0.291	0.180	0.186	0.140	0.221
--Equity (E/TA)	0.772	0.746	0.778	0.765	0.720	0.830	0.774	0.848	0.843	0.877	0.819
--Debt (TL/TA)	0.228	0.254	0.222	0.235	0.280	0.170	0.226	0.152	0.157	0.123	0.181
Profitability ratios
--Capital turnover (R/TA)	0.321	0.225	0.231	0.247	0.240	0.184	0.275	0.204	0.222	0.177	0.213
--Return on assets ((NIBT+I)/ATA)	0.019	0.070	0.012	0.039	0.035	0.021	0.051	0.019	0.012	0.019	0.023
--Return on equity (NIBT/AE)	0.008	0.075	-0.002	0.032	0.022	0.013	0.049	0.012	0.004	0.009	0.014
Financial efficiency ratios
--Interest coverage ((NIBT+I)/I)	1.506	4.921	0.859	2.639	1.886	2.144	3.969	2.201	1.340	1.979	2.103

Source: Statistics Canada, Agriculture Division, Farm Expenses Unit

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