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APPENDIX IV
CPERATING STATEMENT FOR 1954/55
WITH 20 UNITS UNDER CROP
OPERATING ACCOUNT
£2,763,000 ft Value of Crop on site:-
roduction Costs
Groundnuts: 251,000 acres
@ £5.482
Sunflower:
289,000 acres
@ £4.800
F.C. Overheads
́1,000,000
alance to Profit & Loss Account
2,253,000
£6,016,000
preciation
lance available
PROFIT AND LOSS ACCOUNT
£1,156,000
1,097,000
£2,253.000
77,770 tons Groundnuts
£3,546,000
96,110 tons Sunflower
2,470,000
£6,016,000
Balance brought down
2,253,000
The crop values given assume yields of 750 lbs. per acre and prices of £55 per ton c. & f. for groundnuts and £35 for sunflower, i.e. the prices now current. It is obvious that a prudent rovision of these prices would show a loss assuming that yields, the ratio of groundnuts to sunflowers and estimated costs remained the same.
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£2,253,000