21Valuations supported by guarantees, warranties or indemnities

## 21 Valuations supported by guarantees, warranties or indemnities If the valuation given in relation to an asset included in a class specified in a balance sheet forming part of the accounts or consolidated accounts as at the end of a financial period is supported by the existence of a guarantee, warranty or indemnity and there is a material difference between: (a) the estimated realisable value of the asset as at the end of that period; and (b) the amount at which the asset is shown in the books of the company or of an entity in an economic entity at that time; those accounts or consolidated accounts must include a note of: (c) the nature of the asset; and (d) the amount at which the asset is so shown in the books; and (e) the estimated realisable value of the asset if its value were not supported by the existence of a guarantee, warranty or indemnity; and (f) the terms of the guarantee, warranty or indemnity; and (g) the identity of the other party or parties to the guarantee, warranty or indemnity. Subdivision C Commitments etc not otherwise included