أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
It is disclosed only in notes to the accounts
Contingent liabilities
Contingent liabilities are possible obligations whose existence will be
confirmedonlyontheoccurrenceornon-occurrenceofuncertainfuture
events outside the entity’s control, or present obligations that are not
recognisedbecause:(a)itisnotprobablethatanoutflowofeconomicbenefits
will be required to settle the obligation; or (b) the amount cannot
be measured reliably.
Contingent liabilities are not recognised but are disclosed and described in
thenotestothefinancialstatements,includinganestimateoftheirpotential
financialeffectanduncertaintiesrelatingtotheamountortimingofany
outflow, unless the possibility of settlement is remote.