Notes on The Accounts (Continued)
19. CONTINGENT LIABILITIES
At 30th June, 1994 there were potential contingent liabilities in respect of third party claims in connection with the operation of franchised motor buses amounting to approximately $132 million (1993; $111 million) for which a full provision of $132 million (1993: $111 million) has been included in contingency reserves. In the opinion of the directors, the amounts provided are sufficient to cover any liabilities which may subsequently arise in respect of these claims.
20. OPERATING LEASE COMMITMENTS
in the next year as follows:-
At 30th June, 1994,
the
group
and the
company had commitments under operating leases for land and buildings to make payments
Group and company
1994
1993
$000's
$000's
Leases expiring:
Within 1
year
year
After 1 but within 5 years
21. CAPITAL COMMITMENTS
Capital commitments outstanding at 30th June, 1994 not provided for in the accounts were as follows:-
Contracted for
Authorised but not contracted for
23
5,195
1,079
168
3,248
5,363
4,327
Group and company
1994
1993
$000's
$000's
21,133
1,026