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Pre-election Economic & Fiscal Update 2011

Statement of Actual Contingent Liabilities and Assets

as at 30 June 2011

Statement of Actual Contingent Liabilities and Assets as at 30 June 2011
As at
30 June
2011
$m
As at
30 June
2010
$m

Quantifiable contingent liabilities

Guarantees and indemnities 78 106
Uncalled capital 4,033 2,310
Legal proceedings and disputes 331 414
Other contingent liabilities 2,699 3,535
Total quantifiable contingent liabilities 7,141 6,365

Total quantifiable contingent liabilities by segment

Core Crown 6,884 6,050
Crown entities 173 171
State-owned enterprises 84 144
Inter-segment eliminations - -
Total quantifiable contingent liabilities 7,141 6,365

Quantifiable contingent assets by segment

Core Crown 702 570
Crown entities 2 2
Total quantifiable contingent assets 704 572

The accompanying notes and accounting policies are an integral part of these Statements.

More information on contingent liabilities (quantified and unquantified) is outlined in the Fiscal Risks chapter.

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