Quantifiable Contingent Liabilities and Contingent Assets
| Contingent liabilities | Status [17] | ($ millions) |
|---|---|---|
Guarantees and indemnities |
||
| Other guarantees and indemnities | Unchanged | 183 |
| 183 | ||
Uncalled capital |
||
| Asian Development Bank | Unchanged | 2,772 |
| International Bank for Reconstruction and Development | Unchanged | 981 |
| International Monetary Fund - arrangements to borrow | Unchanged | 978 |
| International Monetary Fund - promissory notes | Unchanged | 1,089 |
| Other uncalled capital | Unchanged | 44 |
| 5,864 | ||
Legal proceedings and disputes |
||
| Tax disputes | Unchanged | 363 |
| Other legal proceedings and disputes | Unchanged | 47 |
| 410 | ||
Other quantifiable contingent liabilities |
||
| Unclaimed monies administered by IRD | Unchanged | 103 |
| Other quantifiable contingent liabilities | Unchanged | 289 |
| 392 | ||
| Total quantifiable contingent liabilities | 6,849 | |
Contingent assets |
||
| Tax disputes | Unchanged | 283 |
| Other quantifiable contingent assets | Unchanged | 84 |
| Total quantifiable contingent assets | 367 |
Notes
- [17]Relative to reporting in the Financial Statements of the Government of New Zealand for the year ended 30 June 2012.
