CMB_1994 — Page 27

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