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.
3 thoughts on “Sample Disclosure – Note On Contingent Asset (29 October 2009)”
Please send me a sample on contingent assets to add a note on financial statements.
I just realised the current post you have seen is the only sample I have