2003 - 04 Annual Report - Sbs

SCHEDULE OF CONTINGENCIESas at 30 June 200489Note Consolidated Corporation2004 2003 2004 2003$'000 $'000 $'000 $'000Contingent liabilitiesClaims for damages/costs (iv) 27 310 27 310Total contingent liabilities 27 310 27 310Contingent assetsClaims for damages/costs - - - -Total contingent assets - - - -Net contingent liabilities 27 310 27 310(iv) The Corporation is presently a defendant in several cases.The amounts represent the Corporation’s liability if unsuccessful.UNQUANTIFIABLE CONTINGENCIESThere are no unquantifiable contingencies as at 30 June 2004.REMOTE CONTINGENCIESUnder its contract to lease the premises at Federation Square (Melbourne), the Corporation is required tomeet some restoration costs on termination of the lease (“make good”). The current contract expires in 2017,with an option to renew.THE ABOVE SCHEDULE SHOULD BE READ IN CONJUNCTION WITH THE ACCOMPANYING NOTES