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Budget 2017 Home Page Budget Economic and Fiscal Update 2017

Quantifiable Contingent Liabilities and Contingent Assets

Contingent liabilities
  Status [22] 31 March 2017
($millions)

Uncalled capital

   
Asian Development Bank Unchanged 3,006
International Monetary Fund - promissory notes Unchanged 2,172
International Bank for Reconstruction and Development Unchanged 1,584
International Monetary Fund - arrangements to borrow Unchanged 545
Asian Infrastructure Investment Bank Unchanged 528
Other uncalled capital Unchanged 18
7,853

Guarantees and indemnities

   
New Zealand Export Credit Office guarantees Unchanged 145
The Body Laid Bare Exhibition indemnity New 438
Other guarantees and indemnities Unchanged 85
668

Legal proceedings and disputes

   
Legal tax proceedings Unchanged 150
Other legal proceedings and disputes Unchanged 120
270

Other quantifiable contingent liabilities

   
Unclaimed monies Unchanged 149
Christchurch Engine Centre Partnership Agreement New 111
Other quantifiable contingent liabilities Changed 43
303
Total quantifiable contingent liabilities   9,094
Contingent assets
Legal proceedings and disputes Status[22] 31 March 2017
($millions)
Other contingent assets Unchanged 98
Total quantifiable contingent assets   98

Notes

  • [22]Status of contingent liabilities or assets when compared to the Half Year Update published on 8 December 2016
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