2009-10 Annual Report - Australia Post
2009-10 Annual Report - Australia Post
2009-10 Annual Report - Australia Post
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sChedule oF ContinGenCies<br />
as at 30 June 20<strong>10</strong><br />
Consolidated<br />
Balance from previous period<br />
new<br />
re-measurement<br />
liabilities recognised<br />
obligations expired<br />
20<strong>10</strong><br />
$m<br />
191.1<br />
4.1<br />
(6.6)<br />
–<br />
(5.9)<br />
(1) (2)<br />
Guarantees<br />
<strong>2009</strong><br />
$m<br />
186.0<br />
5.4<br />
4.5<br />
–<br />
(4.8)<br />
claims for damages<br />
or other costs (3) total<br />
total contingent liabilities 182.7 191.1 2.5 24.4 185.2 215.5<br />
Balance from previous period<br />
new<br />
re-measurement<br />
assets recognised<br />
obligations expired<br />
7.7<br />
–<br />
–<br />
–<br />
–<br />
7.5<br />
7.6<br />
0.1<br />
–<br />
(7.5)<br />
total contingent assets 7.7 7.7 1.1 55.4 8.8 63.1<br />
net contingent liabilities/(assets) 175.0 183.4 1.4 (31.0) 176.4 152.4<br />
Corporation<br />
Balance from previous period<br />
new<br />
re-measurement<br />
liabilities recognised<br />
obligations expired<br />
20<strong>10</strong><br />
$m<br />
151.3<br />
–<br />
(5.2)<br />
–<br />
–<br />
(1) (2)<br />
Guarantees<br />
<strong>2009</strong><br />
$m<br />
146.8<br />
–<br />
4.5<br />
–<br />
–<br />
20<strong>10</strong><br />
$m<br />
24.4<br />
0.4<br />
0.8<br />
(3.1)<br />
(20.0)<br />
55.4<br />
0.1<br />
–<br />
(3.8)<br />
(50.6)<br />
<strong>2009</strong><br />
$m<br />
5.9<br />
4.0<br />
18.6<br />
(3.1)<br />
(1.0)<br />
0.9<br />
54.6<br />
(0.1)<br />
–<br />
–<br />
20<strong>10</strong><br />
$m<br />
215.5<br />
4.5<br />
(5.8)<br />
(3.1)<br />
(25.9)<br />
63.1<br />
0.1<br />
–<br />
(3.8)<br />
(50.6)<br />
<strong>2009</strong><br />
$m<br />
191.9<br />
9.4<br />
23.1<br />
(3.1)<br />
(5.8)<br />
8.4<br />
62.2<br />
–<br />
–<br />
(7.5)<br />
claims for damages<br />
or other costs (3) total<br />
total contingent liabilities 146.1 151.3 2.3 24.1 148.4 175.4<br />
Balance from previous period<br />
new<br />
re-measurement<br />
assets recognised<br />
obligations expired<br />
7.5<br />
–<br />
–<br />
–<br />
–<br />
7.5<br />
7.5<br />
–<br />
–<br />
(7.5)<br />
total contingent assets 7.5 7.5 0.2 54.5 7.7 62.0<br />
net contingent liabilities/(assets) 138.6 143.8 2.1 (30.4) 140.7 113.4<br />
(1) relates to non-financial guarantees, including bank guarantees over projected workers’ compensation claims liabilities and other guarantees provided by jointly controlled entities.<br />
(2) the group also provides financial guarantees not included in this schedule, as these amounts are provided in note 18.<br />
(3) relates to legal liability claims that have been lodged against the corporation and subsidiaries, including motor vehicle accident and personal injury claims. included within<br />
contingent assets is an amount recorded in <strong>2009</strong> that represents a counter claim linked to an amount disclosed within contingent liabilities, this amount has been settled in 20<strong>10</strong>.<br />
20<strong>10</strong><br />
$m<br />
24.1<br />
0.4<br />
0.7<br />
(2.9)<br />
(20.0)<br />
54.5<br />
0.1<br />
–<br />
(3.8)<br />
(50.6)<br />
<strong>2009</strong><br />
$m<br />
5.3<br />
4.0<br />
18.1<br />
(2.3)<br />
(1.0)<br />
0.2<br />
54.5<br />
(0.2)<br />
–<br />
–<br />
20<strong>10</strong><br />
$m<br />
175.4<br />
0.4<br />
(4.5)<br />
(2.9)<br />
(20.0)<br />
62.0<br />
0.1<br />
–<br />
(3.8)<br />
(50.6)<br />
<strong>2009</strong><br />
$m<br />
152.1<br />
4.0<br />
22.6<br />
(2.3)<br />
(1.0)<br />
7.7<br />
62.0<br />
(0.2)<br />
–<br />
(7.5)<br />
AustrAliA <strong>Post</strong> AnnuAl rePort <strong>2009</strong>–<strong>10</strong> | Financial and statutory reports 47
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