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Pre-election Economic and Fiscal Update 2017

Quantifiable Contingent Liabilities and Contingent Assets

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

Uncalled capital

   
Asian Development Bank Unchanged 3,019
International Monetary Fund - promissory notes Unchanged 2,182
International Bank for Reconstruction and Development Unchanged 1,560
International Monetary Fund - arrangements to borrow Unchanged 550
Asian Infrastructure Investment Bank Unchanged 520
Other uncalled capital Unchanged 17
7,848

Guarantees and indemnities

New Zealand Export Credit Office guarantees Unchanged 139
The Body Laid Bare Exhibition indemnity Unchanged 438
Other guarantees and indemnities Unchanged 84
661

Legal proceedings and disputes

   
Legal tax proceedings Unchanged 146
Other legal proceedings and disputes Unchanged 120
266

Other quantifiable contingent liabilities

   
Unclaimed monies Unchanged 149
Christchurch Engine Centre Partnership Agreement Unchanged 111
Other quantifiable contingent liabilities Unchanged 43
303
Total quantifiable contingent liabilities   9,078
Contingent assets
  Status[22] 31 May 2017
($millions)

Legal proceedings and disputes

   
Other contingent assets Unchanged 98
Total quantifiable contingent assets 98

Notes

  • [22]Status of contingent liabilities or assets when compared to the Budget Economic and Fiscal Update published on 25 May 2017.
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