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Digital Subscriptions > The Oban Times & Lochaber Times > 5th January 2017 > Union posts a profit as finances improve

Union posts a profit as finances improve

NFU SCOTLAND is in good financial shape to face the challenges of Brexit and keeping its farming and crofting members on the front foot.

Accounts for year ending October 31, 2016, show an operating profit of £37,335 compared with a small loss of £18,167 the year before.

This year’s annual accounts for NFUS are the first to be produced under new accounting rules. Compliance with accounting standard FRS102 means theoretical gains on investment and property must now be accounted for and this has resulted in unrealised gains of £187,860 for 2016 being included in the accounts.

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