Sample Disclosure – Note On Contingent Asset (29 October 2009)

Contingent Asset

The Company has made a claim of RM15,000,000 (2008: RM15,000,000) against the State Government in respect of an award by the Government for land expropriated from the Company in Year 1999. The directors are of the opinion that the results of recent negotiations with the government have given strong indications that this claim is probable to be met in full in the near future.

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3 Responses to “Sample Disclosure – Note On Contingent Asset (29 October 2009)”

  • […] Posted by learnaccounting on October 29, 2009 If you need sample note on contingent asset please click this: Sample Note On Contingent Asset […]

  • lidia on February 4, 2010

    Please send me a sample on contingent assets to add a note on financial statements.

  • admin on February 4, 2010

    I just realised the current post you have seen is the only sample I have

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