AUB Group Limited Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023

23 COMMITMENTS AND CONTINGENCIES

The Group’s commitments and contingencies are presented below:

2023 $’000

2022 $’000

Commitments - Group excluding AASB 16 Lease Liabilities - Not later than one year

88

706,608

- Later than one year and not later than five years

– –

204

- Later than five years

–

88

706,812

Commitments - Associate excluding AASB 16 Lease Liabilities - Not later than one year

– – – –

68

- Later than one year and not later than five years

116

- Later than five years

–

184

Contingent liabilities Estimates of the maximum amounts of contingent liabilities that may become payable: AUB Group Limited has guaranteed loan facilities provided to associates in proportion to its shareholding. AUB Group Limited has guaranteed lease facilities provided to associates in proportion to its shareholding.

1,946

3,598

172

234

Contingent liabilities on committed transactions

– 196,553

2,118

200,385

AUB GROUP ANNUAL REPORT 2023

134