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CASA Annual Report 2004 05 Part 6: Financial Statements

Part 6: Financial Statements

CIVIL AVIATION SAFETY AUTHORITY SCHEDULE OF CONTINGENCIES

As at 30 June 2005

 
Notes
               
Contingent Liabilities
15
Guarantees
Claims for damages/costs
Indemnities
Total

 

 

2005
$’000
2004
$’000
2005
$’000
2004
$’000
2005
$’000
2004
$’000
2005
$’000
2004
$’000
Balance from previous period - 700 - - 700 -
New - 300 700 - 300 700
Re-measurement - - - - -
Liabilities crystallized - - - - -
Obligations expired - (700) - - (700) -
Total Contingent Liabilities - - 300 700 - - 300 700
 
Notes
               
Contingent Assets
15
Guarantees
Claims for damages/costs
Indemnities
Total
    2005
$’000
2004
$’000
2005
$’000
2004
$’000
2005
$’000
2004
$’000
2005
$’000
2004
$’000
Balance from previous period - - - - -
New - - - - -
Re-measurement - - - - -
Liabilities crystallized - - - - -
Expired - - - - -
Total Contingent Assets - - - - - - - -
Total Contingent Liabilities - - 300 700 - - 300 700

Details of each class of contingent liabilities and assets, including those not disclosed above because they cannot be quantified or are considered remote, are shown in Note 15: Contingent Liabilities and Assets.

The above schedule should be read in conjunction with the accompanying notes

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