Silver Ferm Farms

[percy]

From Silver Fern Farms Ltd latest set of accounts as per NZ Companies office.Note 11 is of interest to us.[Land value $18.13mil]

11. Current assets - non-current assets classified as held for sale
2019 2018
$'000 $'000
Land 18,130 -
Buildings - -
Plant and equipment - -
Total 18,130 -
Following the Group's announcement to close the pelt house at Fairton in August 2019, the Group plans to sell the farm
and processing plant at Fairton and has initiated an active programme to identify a buyer and complete the sale. The sale
is expected to be completed within the next 12 months.
Buildings, plant and equipment at Fairton have been classified as held for sale with a current net book value of nil.
.