Professional Services Review Annual Report 2004–05

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Appendixes

Appendix 1: Financial statements

Schedule of Contingencies as at 30 June 2005

Contingent liabilities Guarantees Claims for damages/costs Total
2005 $ 2004 $ 2005 $ 2004 $ 2005 $ 2004 $
Balance from previous period - - - - - -
New 35,760 - - - 35,760 -
Re-measurement - - - - - -
Liabilities crystallised - - - - - -
Obligations expired - - - - - -
Total Contingent Liabilities 35,760 - - - 35,760 -
Contingent assets Guarantees Claims for damages/costs Total
2005 $ 2004 $ 2005 $ 2004 $ 2005 $ 2004 $
Balance from previous period - - - - - -
New - - - - - -
Re-measurement - - - - - -
Assets crystallised - - - - - -
Expired - - - - - -
Total Contingent Assets - - - - - -
Net Contingencies 35,760 - - - 35,760 -

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 12: Contingent Liabilities and Assets.
The above statement should be read in conjunction with the accompanying notes.

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