Financial Table 8
Contingent Liabilities
Contingent liabilities are future costs that can be disbursed by the Agency
if events or decisions beyond its control occur. The table below shows the amount
of contingent liabilities that could arise from Loan Guarantees and Litigations.
Loans
The amount for loan guarantees represents loans by financial institutions that
have been guaranteed by the Agency. Where financial institutions claim amounts
against the guarantee, the Agency has authority to charge these payments against
a statutory authority.
Claims, Pending and Threatened Litigation
Amounts captured as Litigation are claims against the Agency for damages incurred
from losses suffered by outside parties.
| Contingent Liabilities ($ millions) |
| List of Contingent Liabilities |
Amount of Contingent Liability |
| March 31, 2002 |
March 31, 2003 |
Current as of March 31, 2004 |
| Loans |
| Loan Guarantees |
4.5 |
3.6 |
0.5 |
| Claims, Pending and Threatened Litigation |
| Litigations |
10.2 |
10.0 |
10.8 |
| Non-litigations |
0.0 |
0.0 |
0.0 |
| Total |
14.7 |
13.6 |
11.3 |
