AH ANNUAL REPORT 2018

11. FINANCE EXPENDITURE
Finance expenditure represents interest and other charges involved in the borrowing of money.
Interest Expense:
2017/18
£000
2016/17
£000
Loans from the Department of Health and Social Care 1,036 1,081
Finance Leases 7 4
Interest on Late Payment of Commercial Debt - -
Main Finance Costs on PFI and LIFT Scheme Obligations 8,098 8,249
Contingent Finance Costs on PFI and LIFT Scheme Obligations 550 470
Total Interest Expense 9,691 9,804
Unwinding of Discount on Provisions 2 11
Total Finance Costs 9,693 9,815
12. PUBLIC DIVIDEND CAPITAL DIVIDEND
The Trust is required to pay a dividend to the Department of Health and Social Care of £913,000. This represents
3.5% of net relevant assets of £26,083,000.
13. OTHER GAINS/(LOSSES)
2017/18
£000
2016/17
£000
Gains on Disposal of Assets 98 425
Losses on Disposal of Assets - (23)
Total Gains /(Losses) on Disposal of Assets 98 402
Alder Hey Children’s NHS Foundation Trust 178
Annual Report & Accounts 2017/18