Department of Defence
SCHEDULE OF CONTINGENCIES
as at 30 June 2009

Contingent Liabilities Claims for damages/costs Total
  2009
$'000
2008
$'000
2009
$'000
2008
$'000
Balance from previous period 100,146 99,602 100,146 99,602
New 60,146 21,282 60,146 21,282
Re-measurement (63,416) 14,477 (63,416) 14,477
Liabilities recognised (12,430) (35,215) (12,430) (35,215)
Expired - - - -
Total Contingent Liabilities 84,446 100,146 84,446 100,146
Contingent Assets        
  2009
$'000
2008
$'000
2009
$'000
2008
$'000
Balance from previous period 2,690 1,122 2,690 1,122
New 639 1,673 639 1,673
Re-measurement (2,460) 490 (2,460) 490
Assets recognised - (590) - (590)
Expired (13) (5) (13) (5)
Total Contingent Assets 856 2,690 856 2,690
Net Contingent Assets (Liabilities)     (83,590) (97,456)

There are no guarantees, indemnities, warranties or letters of comfort disclosed in this schedule as the possibility of any outflow on settlement is remote.
Contingent assets and contingent liabilities are classified, measured and disclosed in accordance with the requirements of AASB 137.  Details of each class of contingent liability and contingent asset, including those not included above because they cannot be quantified, are disclosed in Note 12: Contingent Liabilities and Assets.

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