Financial Statement: Statement of Contingent Liabilities
As at 30 June 2005
|
30/06/04 |
|
30/06/05 |
|
5,915 |
Legal proceedings |
5,564 |
|
1,088 |
Personal grievances |
815 |
|
7,003 |
Total Contingent Liabilities |
6,379 |
The Department is defending 28 legal proceedings claims by prisoners and external parties as at 30 June 2005. They cover a range of areas, including breach of the New Zealand Bill of Rights Act 1990 and breach of contract.
The Department is also defending personal grievances made by 42 staff members.
The Department considers the majority of these claims to be low risk.
Guarantees and Indemnities
The contracts entered into by the Department have been reviewed and all guarantees and indemnities fall into normal business guarantees and indemnities, which are non-quantifiable.
The accompanying accounting policies and notes form part of these financial statements.