IRP expenditure

This section provides an overview of total IRP expenditure, including break downs by IRPD type.

Chart 2 and Chart 3 show that IRP expenditure is highly concentrated.

In the 2019–20 income year:

• Entities that disclose more than $500 million in IRP expenditure  
  • account for almost 50% of total IRP expenditure
  • represent 1% of those that disclose IRP expenditure.
• Entities that disclose up to $10 million in IRP expenditure  
  • account for 5% of total IRPD expenditure
  • represent more than 70% of those that disclose IRP expenditure.

Chart 2: IRP expenditure – Pareto chart of ranged IRP expenditure per entity (dollar value), 2019–20 income year

Download data for the 2019–20 income year at Table 3External Link.

Chart 3: IRP expenditure – Histogram of ranged IRP expenditure per entity (counts), 2019–20 income year

Download data for the 2019–20 income year at Table 3External Link.

Chart 4 shows the majority of IRP expenditure (by dollar value) relates to tangible goods of a revenue nature (sale or purchase of trading stock and raw materials), followed by services arrangements and financial dealings.

Chart 4: IRP expenditure by IRPD type, 2019–20 income year

Download data for the 2019–20 income year at Table 3External Link.

The following tables provide break downs of IRP expenditure:

• Table 3 shows the total dollar value by IRPD type
• Table 4 shows entity counts, averages (means) and medians by IRPD type.

Table 3: IRP expenditure by IRPD type, 2015–16 to 2019–20 income years

IRPD type	2015–16 ($m)	2016–17 ($m)	2017–18 ($m)	2018–19 ($m)	2019–20 ($m)
Tangible property of a revenue nature	147,424	150,173	167,292	183,058	184,124
Royalties and licence fees	7,860	7,947	8,364	9,223	9,352
Rent and leasing	2,213	1,317	1,000	994	822
Service arrangements	34,209	33,140	37,598	43,562	49,590
Total financial dealings	30,788	28,846	32,502	31,511	32,756
a) Interest	16,879	17,233	17,504	18,299	18,033
b) Guarantees	983	862	894	925	948
c) Insurance	681	638	696	689	851
d) Reinsurance	5,195	5,340	7,590	6,390	5,941
e) Derivatives	5,232	4,440	5,133	4,429	5,745
f) Other financial	1,818	332	685	779	1,237
Share-based employee remuneration	820	823	883	1,077	1,286
Other IRPDs	4,926	5,152	5,390	5,003	4,815
Total	228,240	227,397	253,029	274,428	282,744

Download data from the 2015–16 income year onwards at Table 1External Link.

Table 4: IRP expenditure – entity counts, averages and medians, by IRPD type, 2018–19 to 2019–20 income years

IRPD type	2018–19			2019–20
	Entities (no.)	Average ($)	Median ($)	Entities (no.)	Average ($)	Median ($)
Tangible property of a revenue nature	3,276	55,878,564	5,739,343	3,297	55,845,917	6,153,238
Royalties and licence fees	1,309	7,046,088	877,825	1,313	7,122,697	887,843
Rent and leasing	208	4,778,778	640,506	186	4,417,702	669,407
Service arrangements	4,753	9,165,200	1,000,000	4,898	10,124,573	1,021,155
Total financial dealings	4,238	7,435,408	353,486	4,232	7,740,018	316,517
a) Interest	3,858	4,743,117	346,117	3,847	4,687,653	311,612
b) Guarantees	256	3,613,662	147,360	278	3,408,359	140,171
c) Insurance	380	1,814,315	57,826	387	2,200,083	60,707
d) Reinsurance	41	155,843,062	38,213,891	44	135,023,347	40,387,635
e) Derivatives	175	25,310,061	1,436,624	174	33,017,149	1,022,372
f) Other financial	142	5,485,562	322,338	136	9,098,455	316,870
Share-based employee remuneration	425	2,532,983	341,908	425	3,025,462	304,921
Other IRPDs	1,281	3,905,412	269,174	1,297	3,712,241	255,407
Total	7,909	34,698,229	2,928,769	7,939	35,614,598	2,946,411

In this table:

• Counts, averages (means) and medians are calculated excluding zeros.
• Total components do not add to the total count of entities disclosing IRP expenditure because taxpayers may disclose more than one IRPD type.

Download selected data from the 2018–19 income year onwards at Table 1External Link.