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IRP inbound borrowings

Last updated 9 October 2022

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.

QC70515