Contingent Liabilities and Assets

12 Months Ended

Dec. 31, 2022

E.1

Contingent liabilities and assets


	2022 US$m		2021 US$m
Contingent liabilities at reporting date

Contingent liabilities		161		195
Guarantees		2		7
		163		202

Contingent liabilities relate predominantly to possible obligations whose existence will only be confirmed by the occurrence or

non-occurrence

of uncertain future events, and therefore the Group has not provided for such amounts in these financial statements. Additionally, there are a number of other claims and possible claims that have arisen in the course of business against entities in the Group, the outcome of which cannot be estimated at present and for which no amounts have been included in the table above.

The Group has contingent

assets of $199 million as at 31 December 2022 (2021: nil)