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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2005

Statement of Contingent Liabilities and Contingent Assets (as at 30 June 2005)

As at 30 June 2005 $m As at 30 June 2004 $m
Guarantees and indemnities 149 292
Uncalled capital 2,233 2,502
Legal proceedings and disputes 586 784
Other contingent liabilities 1,502 1,354
Total Quantifiable Contingent Liabilities 4,470 4,932
Total Quantifiable Contingent Liabilities by Institutional Segment
Core Crown 4,330 4,681
Crown entities 36 53
SOEs 104 198
Total Quantifiable Contingent Liabilities 4,470 4,932
Quantifiable Contingent Assets
Total Crown 107 157
Total Quantifiable Contingent Assets 107 157

Note 21 contains a breakdown of the material contingent liabilities and a description of non-quantified contingent liabilities and contingent assets.

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

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