No Morley , you have not misunderstood.
Potential liabilities from ongoing litigation is not included in the accounts as contingent liabilities.
As you say , uncertainties.
They also dont like to put a floor under litigants expectations,
So , any adverse outcomes , via loss of the case , or settlement , are then reflected in the bottom line.
cheers.
Ann: AMP enters into enforceable undertaking with APRA, page-37
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Last
$1.08 |
Change
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Mkt cap ! $2.834B | |||
| Open | High | Low | Value | Volume |
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| 4 | 139193 | $1.08 |
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| Price($) | Vol. | No. |
|---|---|---|
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