| 2014 $'000 |
2013 $'000 |
|
|---|---|---|
| Contingent liabilities | ||
| Uncalled shares or capital subscriptions1 | 13,414,904 | 13,192,174 |
| IMF New Arrangements to Borrow (NAB)2 | 7,164,600 | 7,085,600 |
| IMF Bilateral Loan3 | 7,600,000 | 7,700,000 |
| Total contingent liabilities | 28,179,504 | 27,977,774 |
| Net contingent liabilities | 28,179,504 | 27,977,774 |
1. Comprises uncalled shares or capital subscriptions in the European Bank for Reconstruction and Development (EBRD), the International Bank for Reconstruction and Development (IBRD), the Multilateral Investment Guarantee Agency (MIGA) and the Asian Development Bank (ADB). The comparative for the uncalled shares or capital subscriptions has been updated to reflect the change in the currency used from US Dollars to Special Drawing Rights (SDR).
2. The IMF NAB was disclosed as a quantifiable administered contingency in Note 24 of the 2012-13 financial statements.
3. The IMF Bilateral Loan was disclosed as an event after the reporting period in the 2012-13 financial statements.
Note: Administered contingencies are disclosed in Note 26: Administered contingent liabilities and assets. The Treasury has given financial guarantees for which the details are disclosed at Note 1.33 and Note 28: Administered financial instruments.
This schedule should be read in conjunction with the accompanying notes.