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Whitehaven Coal Limited : Annual Report 2009
86 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2009 30. CONTINGENCIES The directors are of the opinion that provisions are not required in respect of these matters, as it is not probable that a future sacrifice of economic benefits will be required or the amount is not capable of reliable measurement. Consolidated Company In thousands of AUD 2009 2008 2009 2008 Guarantees (i) The consolidated entity provided bank guarantees to the Department of Mineral Resources NSW as a condition of continuation of mining and exploration licenses. 20,585 16,901 -- -- (ii) The consolidated entity provided bank guarantees to Rail Infrastructure Corporation. 30,000 28,820 -- -- (iii) The consolidated entity provided bank guarantees to the Roads and Traffic Authority of N S W. 1,700 -- -- -- (iv) The consolidated entity provided bank guarantees to Westpac Banking Corporation. 222 -- -- -- (v) The consolidated entity provided bank guarantees to the Salvation Army Property Trust. 28 28 -- -- 52,535 45,749 Contractual claim The consolidated entity has received a claim in relation to the performance of its obligations under a coal sales contract. Based on legal advice, the directors do not expect the outcome of the claim to have a material effect on the consolidated entity's financial position. In the directors' opinion, disclosure of any further information would be prejudicial to the interests of the consolidated entity.
Annual Report 2008
Annual Report 2010