This is a SEO version of Suncorp_Review. Click here to view full version
« Previous Page Table of Contents Next Page »124
Notes to the consolidated fnancial statements (continued)
for the year ended 30 June 2011
31. Commitments (continued)
31.3 Operating lease revenue commitments
CONSOLIDATED
2011 2010 $m $m
Minimum lease payments receivable under non-cancellable operating leases relating to investment properties:
Less than one year 11 11 Between one and fve years 37 36 More than fve years 3 10 51 57
31.4 Capital and expenditure commitments
CONSOLIDATED
2011 2010 $m $m
Expenditure for the acquisition of plant and equipment and other expenditure contracted for but not provided in the fnancial statements:
Less than one year 27 12 Between one and fve years 74 – More than fve years – – 101 12
32. Contingent assets and liabilities
32.1 Contingent assets
There are claims and possible claims made by the Suncorp Group against external parties, the aggregate amount of which cannot be readily quantifed. Where considered appropriate, legal advice has been obtained. The Suncorp Group does not consider that the outcome of any such claims known to exist at the date of this report, either individually or in aggregate, are likely to have a material effect on its operations or fnancial position. The directors are of the opinion that receivables are not required in respect of these matters, as it is not virtually certain that future economic benefts will eventuate or the amount is not capable of reliable measurement.
32.2 Contingent liabilities
There are outstanding court proceedings, potential fnes, claims and possible claims against the Suncorp Group, the aggregate amount of which cannot be readily quantifed. Where considered appropriate, legal advice has been obtained. The Suncorp Group does not consider that the outcome of any such claims known to exist at the date of this report, either individually or in aggregate, are likely to have a material effect on its operations or fnancial position. The directors are of the opinion that provisions are not required in respect of these matters, as it is not probable that a future sacrifce of economic benefts will be required or the amount is not capable of reliable measurement.
This is a SEO version of Suncorp_Review. Click here to view full version
« Previous Page Table of Contents Next Page »