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Contigent asset

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(Querist)
21 April 2020 Hi,

can one clarify me.
Our Company collected a performance BG from the sub-contractor and the sub-contractor seems to fail to comply his obligation. Hence we may invoke the BG next year. In this case can we disclose the performance BG value as contigent asset in Directors report

Please advise
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 April 2020 Yes, disclose in the Directors Report of the company.
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