A $60,000 loss is of no concern to the Mataura Licensing Trust, calling it a drop in the bucket.
The trust posted its financials for the year last week, showing a big swing when it came to the numbers.
Whereas for the previous financial year it posted a net profit of $584,260, this year it had a net operating loss of $60,980, a difference of more than $600,000.
Mataura Licensing Trust general manager Mark Paterson said it was nothing to be concerned about.
The numbers between the two years in terms of sales were about the same, with only the rising costs a concern for Mr Paterson.
Multiple capital projects also ranup the bill, with various hospitality businesses receiving some much needed work throughout the year.
Mr Paterson said $60,000 was not even a drop in the bucket to the trust, and its finances were looking as strong as ever.
"It’s nothing, not even a blip. Very much standard procedure.
"We carry no debt, we’ve got a rainy day fund of $2 million, and around $3.5 million in cash flow," he said.
Mr Paterson said while the rise in costs were a concern, even that was manageable and he believed the ship was righting in terms of the economy.
"There’s been some severe increase in costs, but they’re not unmanageable. And I think we’ve turned a corner now.
"Things are a lot more positive than they were, in terms of the farming community.
"We’re looking forward to seeing the improvement, which will flow through the community," he said.
The farming sector’s up-tick was the key, and he was eagerly awaiting the field days and for agriculture to get back on track.
"It’s positive for us, it’s positive for everyone," he said.
