Borrowing costs are finance charges in respect of finance leases for the Directorate’s fleet of vehicles and clinical equipment. Due to a change in the Whole of Government vehicle leasing arrangements with SG Fleet, from 23 April 2015 all such leases for the Directorate will be classified as operating leases (whose costs appear in supplies and services) rather than finance leases.  There will be no borrowing costs in respect of the Directorate’s fleet of vehicles in the next financial year.

1. In 2013-14 there was a catch up of the discounting for make good provision to cover multiple years which increased the expenditure in that year.