Establishment—recurrent expenditure (interest payments) (financial year), total Australian currency N[N(8)]
Identifying and definitional attributes
Metadata item type:
Data Element
Short name:
Recurrent expenditure—interest payments
METeOR identifier:
270186
Registration status:
Health, Standard 01/03/2005
Definition:
Payments in Australian dollars made by or on behalf of the establishment in respect of borrowings (e.g. interest on bank overdraft) provided the establishment is permitted to borrow, for a financial year.
Payments made by or on behalf of the establishment in respect of borrowings (e.g. interest on bank overdraft) provided the establishment is permitted to borrow. This does not include the cost of equity capital (i.e. dividends on shares) in respect of profit-making private establishments.
Context:
Health expenditure:
This metadata item has been retained in the data set because of its significance for the private sector. Private profit-making establishments will seek to fund their operations either by loan borrowings (debt capital) or raising shares (equity capital). The cost of either can be significant, although the cost of the latter (that is, dividends on shares) would come out of profits.
Community Services, Standard 27/04/2007 Health, Standard 01/03/2005 Early Childhood, Standard 21/05/2010
Definition:
Total number of Australian dollars.
Representational attributes
Representation class:
Total
Data type:
Currency
Format:
N[N(8)]
Maximum character length:
9
Unit of measure:
Australian currency (AU$)
Data element attributes
Collection and usage attributes
Guide for use:
Record values up to hundreds of millions of dollars. Rounded to nearest whole dollar.
Comments:
The item would not have been retained if the data set was restricted to the public sector. In some States, public hospitals may not be permitted to borrow funds or it may be entirely a State treasury matter, not identifiable by the health authority. Even where public sector establishment borrowings might be identified, this appears to be a sensitive area and also of less overall significance than in the private sector.
