Balance sheet template

How to complete your balance sheet is outlined in section 5.3.1, Balance sheet, Module 2, of GRDC’s ‘Farming the Business’.

Current assets:

Livestock

Cash

Other (grain pools & grain-on-hand)

Total current assets

Non-current assets:

Machinery (written down value)

Land

Total non-current assets

A: Total assets (farm):

Current liabilities:

Overdraft + stock mortgage

Non-current liabilities:

Land related

Machinery related

B: Total liabilities (farm)

C: Net worth (farm) (A-B=C )

Source: P2PAgri P/L

This template to complete your balance sheet can be downloaded at: www.grdc.com.au/FBMtemplate-BalanceSheet