Enter your opening position
Add assets, liabilities, and livestock that are part of the farm's opening position.
Adding assets & livestock
Select the type of asset you wish to add
Fill in all required information
Valuations - livestock valuations will be defaulted to herd scheme but can be edited if needed. If you need to edit the valuations for future years of your scenario this can be done via the configure button
Security percentage can only be edited by Bankers
Adding liabilities
Select the type of liability you wish to add
Fill in all required information
Any loans where repayment differs throughout the length can be restructured to suit in the proposition
Interest rates can be adjusted over the life of a scenario under the proposition page at any time
NOTE: Your current cash position, or the balance of your bank account, can be entered in as either an asset or liability. This is dependent on whether the bank account is in credit or is overdrawn.
Interest on overdraft calculation
Interest on overdraft is calculated off the overdraft limit using the utilisation percentage.
For example, if you have an overdraft limit of $100,000 and and a utilisation percentage of 70%, interest with be calculated off a $70,000 overdraft.
Overdraft limit, utilisation % and interest rates can be changed over the life of a scenario under the proposition page at any time.
Once your opening position has been set and you're happy with it - you can move onto entering the proposition.
