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Schedule of administered contingencies

Schedule of Administered Contingencies
as at 30 June 2014
  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.