AnnuAl REPORT 2011-2012 - Sbs

SCHEDULES OF CONTINGENCIES
as at 30 June 2012
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Contingent assets
Claims for damages or costs – – – –
total contingent assets
Contingent liabilities
– – – –
Claims for damages or costs 83 – 83 –
total contingent liabilities 83 – 83 –
Net contingent liabilities 83 – 83 –
quantifiable Contingencies
The Corporation and its controlled entity’s quantifiable contingent liabilities were $0.083m at 30 June 2012 (2011: Nil).
They relate to claims for damages/costs which the Corporation is actively defending. The amounts represent an estimate
of the Corporation’s liability if it is unsuccessful.
unquantifiable and remote contingencies
The Corporation and its controlled entity have no unquantiable or significant remote contingencies at 30 June 2012
(2011: Nil).
Details of each class of contingent liabilities and contingent assets are disclosed in Note 13.
The above schedules should be read in conjunction with the accompanying notes.
AnnuAl RepoRt 2011 – 2012 77