Corporate report
DFID Annual Accounts 2011-2012 - Contingent liabilities
Updated 2 June 2013
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| Department for International Development | Accounts 2011-12 | |||||||
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| 24. Contingent liabilities | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
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| The Department has the following contingent liabilities. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
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| Contingent liabilities with an approximate value of £0.1m (2010-11: £0.4m) exist in respect of guarantees to the European Investment Bank's lending to UK Overseas Territories. Additional contingent liabilities of £2,848m (2010-11: £732m) exist in respect of contributions due to international organisations which have been subject to formal approval by Parliament but which are not yet supported either by promissory notes or cash payments. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| In addition to contingent liabilities disclosed above in accordance with IAS 37, the department discloses for parliamentary reporting and accountability purposes certain contingent liabilities where the likelihood of a transfer of economic benefit is remote. These amount to £12,471.1m (2010-11: £9,946.6m) and comprise: | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| £12,195.4m (2010-11: £9,677.5m) in respect of callable capital on investments in International Financial Institutions; | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| £111.1m (2010-11: £107.1m) in respect of for the UK share of EU member states’ collective guarantees of the European Investment Bank’s lending under the Lome conventions and the parallel Council decisions on the Association of Overseas Countries and Territories; | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Maintenance of the value of subscriptions paid to capital stock of regional development banks and funds (unquantifiable); | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Indemnities in respect of the transfer of ownership of the Natural Resources Institute (unquantifiable); | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| £164.6m (2010-11: £162m) in respect of other items over £100,000 (or lower, where required by specific statute) that do not arise in the normal course of business and which are reported to Parliament by departmental Minute prior to the Department entering into the arrangement. This includes a guarantee over a borrowing facility undertaken by a non UK overseas territory. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
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| Department for International Development | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Accounts 2011-12 |
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| 25. Losses and special payments | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
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| 25.1 Losses Statement | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | 2011-12 | 2011-12 | 2010-11 | 2010-11 | Not set |
| Not set | Not set | Not set | Not set | Number of cases | £000 | Number of cases | £000 | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Total | Not set | Not set | Not set | 58 | 1,329 | 74 | 25 | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Details of cases over £250,000 | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Cash Losses | Not set | Not set | Not set | - | - | - | - | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Claims abandoned | Not set | Not set | Not set | - | - | - | - | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Administrative write-offs | Not set | Not set | Not set | - | - | - | - | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Fruitless payments | Not set | Not set | Not set | 2 | 1,062 | - | - | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Store Losses | Not set | Not set | Not set | - | - | - | - | Not set |
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| The two fruitless payments over £250,000 consist of: | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| - Write off of £0.8m relating to costs incurred to build office and residential accommodation to house staff in Jerusalem. The costs incurred were predominantly for professional fees to develop a wide range of technical reports and designs for the new build. Due to the complexity of the build and the conditions within the country it was deemed that continuing with the project no longer represented the preferred or most cost efficient option of accommodating DFID's staff in country. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| - Write off of £0.3m relating to the confiscation within Southern Somalia by Al Shabaab of 5 trucks transporting DFID funded aid. This was viewed as non-sanctioned aid. DFID continues to work with our partner organisation to consider risks such as this which reduce the effectiveness of our aid | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| 25.2 Special Payments | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Total | Not set | Not set | Not set | 3 | 78 | 1 | - | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| There were no individual cases greater than £250,000 during the year under review or the prior year. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |