Department of Defence
SCHEDULE OF CONTINGENCIES
as at 30 June 2008

Contingent Liabilities Claims for damages/costs Total
  2008
$'000
2007
$'000
2008
$'000
20071
$'000
Balance from previous period 99,602 121,736 99,602 121,736
New 21,282 9,768 21,282 9,768
Re-measurement 14,477 (28,476) 14,477 (28,476)
Liabilities crystallised (35,215) (3,107) (35,215) (3,107)
Obligations expired - (319) - (319)
Total contingent liabilities 100,146 99,602 100,146 99,602
Contingent Assets        
  2008
$'000
2007
$'000
2008
$'000
2007
$'000
Balance from previous period 1,122 1,840 1,122 1,840
New 1,673 - 1,673 -
Re-measurement 490 (738) 490 (738)
Assets crystallised (590) 20 (590) 20
Expired (5) - (5) -
Total contingent assets 2,690 1,122 2,690 1,122
Net contingent Assets (Liabilities)     (97,456) (98,480)

There were no guarantees, indemnities, warranties or letters of comfort disclosed in this schedule.

Contingent assets and contingent liabilities are classified, measured and disclosed in accordance with the requirements of AASB 137. Details of each class of contingent liabilities and contingent assets, including those not included above because they cannot be quantified, are disclosed in Note 12: Contingent Liabilities and Contingent Assets.

  1. Comparative amounts have been revised to reflect correct contingency movements.

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