Unformatted text preview: €Nil), which is incurred jointly with other investors of the associate; • it has guaranteed its interest in its share of the joint venture loan of €510,000 (see Note 24) (2004: €500,000) over certain land and buildings; • it has guaranteed to an unrelated party the performance of a contract for the joint venture entity. No liability is expected to arise; and • it has guaranteed its share of €20,000 (2004: €15,000) of the associate’s contingent liabilities which have been incurred jointly with other investors. IAS 37.86 IAS 37.86 IAS 31.54(a) IAS 31.54(b) IAS 24.12...
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- Spring '10
- following contingent liabilities