IRP inbound borrowings

This section provides statistics for IRP inbound borrowings. The average quarterly balance of debt interests on issue to related parties (inbound borrowings) is broken down into:

• Interest-free debt, where no interest or other return is payable
• Interest-bearing debt, where interest or other return is payable.

Table 7: IRP inbound borrowings, 2015–16 to 2019–20 income years

	2015–16 ($m)	2016–17 ($m)	2017–18 ($m)	2018–19 ($m)	2019–20 ($m)
Average debt balance	499,808	533,777	524,094	535,607	532,079
a) Interest-free	94,479	108,485	112,863	114,521	105,059
b) Interest-bearing	405,329	425,292	411,232	421,086	427,020
Interest expense	16,879	17,233	17,504	18,299	18,033
Implied interest rate (%)	4.1%	4.0%	4.2%	4.3%	4.2%

Table 8: IRP inbound borrowings – entity counts, averages and medians, 2018–19 to 2019–20 income years

	2018–19				2019–20
	Entities (no.)	Average ($)	Median ($)	Entities (no.)		Average ($)	Median ($)
Average debt balance	6,448	83,065,559	5,903,784	6,473		82,199,800	6,035,422
a) Interest-free	3,391	33,771,902	3,426,088	3,433		30,602,803	3,520,912
b) Interest-bearing	3,907	107,777,376	8,118,092	3,881		110,028,314	8,000,000
Interest expense	3,858	4,743,117	346,117	3,847		4,687,653	311,612

In these tables:

• Interest expense includes interest expenditure for accounting purposes and capitalised interest deducted for income tax purposes.
• The implied interest rate is calculated on interest-bearing debt and excludes some interest where no average debt balance is disclosed due to data issues.
• Entity counts for interest-free and interest-bearing debt do not add to total entity counts because the same taxpayer may issue interest-free and interest-bearing debt.
• Counts, averages (means) and medians are calculated excluding zeros.

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