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> Annual Report 2005-06 > Appendixes > Appendix B: Financial statements > Schedule of contingencies > Next: Note 1
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Last updated: 18 October 2006
Financial statements
| 2006 $’000 |
2005 $’000 |
|
|---|---|---|
| Contingent liabilities3 | ||
|
- | - |
|
- | - |
|
- | - |
|
- | - |
|
- | - |
| Total contingent liabilities | - | - |
| Net contingent liabilities | - | - |
Quantifiable contingencies
As at 30 June 2006 the Commission has no quantifiable contingencies (2005: nil).
Unquantifiable contingencies
As at 30 June 2006 the Commission has no unquantifiable contingencies (2005: nil).
Remote contingencies
As at 30 June 2006 the Commission has no material remote contingencies (2005: nil).
The above statement should be read in conjunction with the accompanying notes.
- Refer to Note 2 ‘The impact of the transition to AEIFRS from previous AGAAP’ for details on the change in accounting treatment for the make good restoration liability.
