Australian Public Service Commission
Schedule of contingencies

as at 30 June 2005

	Make good – leases¹
	2005 $’000	2004 $’000
Contingent liabilities
Balance from previous period	487	-
New / initial recognition	77	487
Re-measurement	(40)	-
Liabilities crystallised	-	-
Obligations expired	-	-
Total contingent liabilities	524	487
Net contingent liabilities	524	487

Details of each class of contingent liabilities, including those not included above because they cannot be quantified or considered remote, are disclosed in note 14 Contingent liabilities and assets.

1 The make good contingency represents an estimate of the Commission’s restoration liability if it were to vacate leased office premises. The estimate is based on restoration costs for previous office fit outs.

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

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Australian Public Service Commission Schedule of contingencies

Australian Public Service Commission
Schedule of contingencies