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Part 4: Financial statements (continued)

Schedule of contingencies

Schedule of contingencies
as at 30 June 2013
  2013
$’000
2012
$’000
Contingent liabilities    
Studies Assistance  – 297
Total contingent liabilities  – 297
NET CONTINGENT LIABILITIES  – (297)

1. Details of contingent liabilities listed above are disclosed in Note 11: Contingent assets and liabilities.
2. During 2012-13, the Treasury recognised a liability in respect of studies assistance.
This schedule should be read in conjunction with the accompanying notes.