STATEMENT OF CONTINGENT LIABILITIES
AS AT 30 JUNE
Statement of contingent liabilities as at 30 June.
2004
Actual |
|
2005
Actual |
$000 |
|
$000 |
|
|
Department |
|
25 |
Legal proceedings |
1000 |
30 |
Personal grievances |
20 |
|
55 |
Total Department |
1020 |
|
| |
Non-department |
|
2000 |
Settlement of proceedings |
1450 |
|
2000 |
Total Non-department |
1450 |
|
2055 |
Total commitments |
2470 |
|
Settlement of Proceedings
On 2 December 2003, the Primary Production Committee (PPC) released the report on its inquiry into the administration and management of the scampi fishery. One of its recommendations was that six parties identified by the PPC should each receive a minimum ex gratia payment from the Ministry of Fisheries in recognition of the justified grievance they each had with the previous Ministry of Agriculture and Fisheries.
During the 2004/05 financial year a negotiated settlement was reached with two of the six parties named in the PPC report.
These financial statements should be read in conjunction with the statement of accounting policies and the notes to the financial statements.