Part 4: Financial Statements – HTML version
DEPARTMENT OF FAMILY AND COMMUNITY SERVICES
SCHEDULE OF CONTINGENCIES
for the year ended 30 June 2004
| 2004 $'000 |
2003 $'000 |
|
|---|---|---|
| Contingent liabilities | ||
| Claims for damages/costs | 298 | 200 |
| Indemnities | 100 | 100 |
| Total Contingent Liabilities | 398 | 300 |
| Contingent assets | ||
| Claims for damages/costs | 232 | 218 |
| Total Contingent Assets | 232 | 218 |
| Net contingent liabilities / (assets) | 166 | 82 |
Details of each class of contingent liabilities and assets, including those not included above because they cannot be quantified or considered remote, are disclosed in Note 14: Contingent Liabilities and Assets.
The above statement should be read in conjunction with the accompanying notes.