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AUSTRALIAN CUSTOMS SERVICE – SCHEDULE OF CONTINGENCIES as at 30 June 2005
Contingent liabilities |
Guarantees |
Claims for damages/costs |
Total |
|||
2005 |
2004 |
2005 |
2004 |
2005 |
2004 |
|
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
|
Balance from previous period |
- |
- |
514 |
- |
514 |
- |
New |
- |
- |
10 |
- |
10 |
- |
Re-measurement |
- |
- |
- |
514 |
- |
514 |
Liabilities crystallised |
- |
- |
- |
- |
- |
- |
Obligations expired |
- |
- |
(500) |
- |
(500) |
- |
Total Contingent Liabilities |
- |
- |
24 |
514 |
24 |
514 |
Details of each class of contingent liabilities and assets, including those not included above because they cannot be quantified or are considered remote, are disclosed in Note 14: Contingent Liabilities and Assets
The above schedule should be read in conjunction with the accompanying notes.