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Information on the total amount owed by national health service trusts in Essex in respect of bank overdrafts, current and long-term loans, obligations under finance leases and private finance initiative (PFI) arrangements, is shown in the following table.
|NHS trust||Debt as at 31 March 2008-09 (£000)|
|Mid Essex Hospital Services NHS Trust||8,040|
|Princess Alexandra Hospital NHS Trust||8,208|
|Essex Rivers Healthcare NHS Trust(1)||-|
|(1) Essex Rivers Healthcare NHS Trust became a foundation trust on 1 May 2008, consequently any debt held by the trust will be reported in the accounts of the new foundation trust. |
'Debt' can be interpreted in a number of ways in relation to the finances of NHS trusts. We have interpreted 'debt' to mean the total amount reported by each NHS trust in their balance sheet in respect of bank overdrafts, loans, finance leases and PFI arrangements. These are the items most readily identified with the term 'debt' in accounting terminology.
NHS Trust audited summarisation schedules 2008-09.