Note 12: Contingent Assets and Liabilities
  Claims for costs Total
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Contingent Assets
Balance from previous period 675 675
New contingent assets recognised
Contingent assets realised (675) (675)
Total Contingent Assets

Quantifiable Contingencies

The Schedule of Contingencies reports no quantifiable contingent assets in respect to court matters settled at 30 June 2015 that include an amount for costs in favour of the FWBII but for which the court has yet to issue a decision (2014: Nil).

At 30 June 2015, the FWBII had no quantifiable contingent liabilities (2014: nil).

Unquantifiable Contingencies

At 30 June 2015, the FWBII had 1 unquantifiable contingent assets relating to matters before the court that are considered more likely than not to lead to costs in favour of the FWBII (2014: 5). These are not included in the Schedule of Contingencies.

At 30 June 2015, the FWBII had 1 unquantifiable contingent liabilities relating to matters before the court that are considered more likely than not to lead to costs against the FWBII (2014: 2). These are not included in the Schedule of Contingencies.

Significant Remote Contingencies

At 30 June 2015, the FWBII had 1 significant remote contingent assets relating to matters before the courts where it is considered a remote possibility that they may lead to costs in favour of the FWBII (2014: 2). These are not included in the Schedule of Contingencies.

At 30 June 2015, the FWBII had no significant remote contingent liabilities relating to matters before the courts where it is considered a remote possibility that they may lead to costs against the FWBII (2014: Nil). These are not included in the Schedule of Contingencies.