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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2007

Statement of Quantifiable Contingent Liabilities and Contingent Assets

(as at 30 June 2007)

 

As at
30 June
2007

As at
30 June
2006

  $m $m
Guarantees and indemnities 171 405
Uncalled capital 2,076 2,592
Legal proceedings and disputes 1,170 1,032
Other contingent liabilities 1,829 2,073
Total Quantifiable Contingent Liabilities 5,246 6,102
Total Quantifiable Contingent Liabilities by
Institutional Segment
   
Core Crown 5,071 5,921
Crown entities 45 63
SOEs 130 118
Total Quantifiable Contingent Liabilities 5,246 6,102
Quantifiable Contingent Assets    
Total Crown 86 106
Total Quantifiable Contingent Assets 86 106

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

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

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