Audited Financial Statements – Agency Activities

Notes to the Financial Statements – Agency Activities

14. Contingent liabilities

The Agency is a defendant in certain cases of pending and threatened litigation which arose in the normal course of operations. The current best estimate of the amount likely to be paid in respect of these claims and potential claims has been recorded in Accounts payable and accrued liabilities. In addition to the amounts accrued, the Agency has estimated a further potential exposure in the amount of $49,019,000 ($14,843,000 as at March 31, 2005).

Audited

Date modified:

2006-11-23