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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
