10.29.Contingent liabilities and other liabilities not recognised in the balance sheet
10.29.Contingent liabilities and other liabilities not recognised in the balance sheet
A contingent liability is:
a possible obligation that may arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events beyond the Group control;
a present obligation that arises from past events but is not recognised in the consolidated financial statements because it is not probable that spending cash to satisfy the obligation is necessary.
