Annual Report 2017-18 | Monash Health
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Notes to the Financial Statements<br />
<strong>Monash</strong> <strong>Health</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2017</strong>/20<strong>18</strong><br />
Note 3.3: Specific expenses<br />
Consolidated Consolidated<br />
20<strong>18</strong> <strong>2017</strong><br />
$'000<br />
$'000<br />
Specific Expenses<br />
Voluntary Departure Packages 372 667<br />
Total Specific Expenses 372 667<br />
Note 3.4: Finance costs<br />
Consolidated Consolidated<br />
20<strong>18</strong> <strong>2017</strong><br />
$'000<br />
$'000<br />
Finance Costs - Self Funded Activity 1,670 1,734<br />
Finance Charges - Finance Leases i 3,547 3,739<br />
Total Finance Costs 5,217 5,473<br />
i Construction and fit out of Casey Hospital was funded as a Public Private Partnership under a Project<br />
Agreement between the State of Victoria and Progress <strong>Health</strong> Pty Ltd. This amount represents the<br />
interest payments made during the financial year.<br />
Finance costs include:<br />
• interest on bank overdrafts and short-term and long-term borrowings (interest expense is<br />
recognised in the period in which it is incurred);<br />
• amortisation of discounts or premiums relating to borrowings;<br />
• amortisation of ancillary costs incurred in connection with the arrangement of borrowings; and<br />
• finance charges in respect of finance leases recognised in accordance with AASB 117 Leases .<br />
88 <strong>Monash</strong> <strong>Health</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2017</strong>-<strong>18</strong>
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