Quantifiable Contingencies

The Mint has no contingent assets or liabilities as at 30 June 2019 (2018: Nil).

Unquantifiable Contingencies

The Mint has no unquantifiable contingent assets or liabilities as at 30 June 2019 (2018: Nil).

Accounting Policy

Contingent assets and liabilities are not recognised in the Statement of Financial Position but are reported in the relevant notes. They may arise from uncertainty as to the existence of 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.