(b) Contingent liabilities of the parent entity
The parent 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 probable 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 probable.
(c) Contractual commitments for the acquisition of
property, plant or equipment
As at 30 June 2014, the parent entity had contractual commitments for the acquisition of property, plant or equipment
totalling $301m (30 June 2013 $425m). These commitments are not recognised as liabilities as the relevant assets
have not yet been received.
NOTE 20
PARENT ENTITY FINANCIAL INFORMATION (CONTINUED)
92
