-
-
Annual Reports
- Annual Report 2021 - 2022
- Annual Report 2020 - 2021
- Annual Report 2019 - 2020
- Annual Report 2018 - 2019
- Annual Report 2017 - 2018
- Annual Report 2016 - 2017
- Annual Report 2015 - 2016
-
Annual Report 2013 - 2014
- Letter of Transmittal
- Section 1: Strategic Overview
- Section 2: Programme Reporting and Performance Summaries
- Section 3: Report of Operations
- Section 4: Corporate Governance and Accountability
- Section 5: Financial Statements
- Section 6: Appendices
- Section 7: Compliances Indexes
- Section 8: Glossary and Indexes
- Index
- Annual Report 2014 - 2015
-
Annual Report 2012 - 2013
- Letter of Transmittal
- Section 1: Strategic Overview
- Section 2: Program Reporting and Performance Summaries
- Section 3: Report of Operations
- Section 4: Corporate governance and accountability
- Section 5: Financial Statements
- Section 6: Appendices
- Section 7: Compliance Indexes
- Section 8: Glossary and Indexes
- Index
- Annual Report 2011 - 2012
- Annual Report 2010 - 2011
- Accountability and Reporting
- TSRA News & Media
-
Annual Reports
TORRES STRAIT REGIONAL AUTHORITY
Notes to and forming part of the financial statements for the period ended 30 June 2015
Note 11: Contingent Assets and Liabilities
Bank Guarantees | Total | |||
2015 $'000 |
2014 $'000 |
2015 $'000 |
2014 $'000 |
|
Contingent liabilities | ||||
Balance from previous period | 116 | - | 116 | - |
New contingent liabilities recognised | - | 116 | - | 116 |
Total contingent liabilities | 116 | 116 | 116 | 116 |
Quantifiable Contingencies
The schedule of contingencies reports no contingent assets (2013-14 : Nil).
There is a contingent liability as at 30 June 2015 in respect of a bank guarantee in favour of the Torres Shire Council. As a result the TSRA has
recognised the contingent liability of $116,000 as at 30 June 2015 (2013-14 : $116,000).
Unquantiflable Contingencies
There are no unquantiflable contingencies as at 30 June 2015 (2013-14: Nil).
Significant Remote Contingencies
There are no significant remote contingencies as at 30 June 2015 (2013-14: Nil).