Note 12 Managing Uncertainties
Note 12A: Contingent Assets and Liabilities:
As at 30 June 2020
No contingent assets and liabilities have been determined (2019: nil)
Contingent liabilities and contingent assets are not recognised in the statement of financial position but are reported in the notes. They may arise from uncertainty as to the existence of a liability or asset or represent an asset or liability in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain and contingent liabilities are disclosed when settlement is greater than remote.