Australian Rail Track Corporation 2013 Annual Report - page 101

NOTE 32
REMUNERATION OF AUDITORS
(a) Assurance services
Consolidated
2013
$
2012
$
(i) Audit services
The following total remuneration was received or is due to be
receivable, by the Australian National Audit Office in respect of its
services, including those performed by its contractors KPMG for
auditing the financial report of the entity in the consolidated group
288,000
231,000
Other assurance services
The following total remuneration was received or is due and receivable,
by the Australian National Audit Office in respect of its services,
including those performed by its contractors KPMG relating to
Fees for Auslink Grant Audit
9,700
8,300
Total remuneration for audit and other assurance services
297,700
239,300
(ii) Other services
Other non-audit services
12,500
7,060
Total remuneration for other services
12,500
7,060
NOTE 33
CONTINGENCIES
Contingent liabilities and
contingent assets
The consolidated entity accounts for costs
associated with rectifying rail access related
incidents following their occurrence. Income from
subsequent insurance and other recoveries is only
recognised when there is a contractual arrangement
in place and the income is virtually certain of being
received. As a result, certain potential insurance and
or other recoveries have not been recognised at year
end, as their ultimate collection is not considered
virtually certain.
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