How do we report "Contingent Liability" in balance sheet ?

It is disclosed only in notes to the accounts

Contingent liabilities

Contingent liabilities are possible obligations whose existence will be 

confirmedonlyontheoccurrenceornon-occurrenceofuncertainfuture 

events outside the entity’s control, or present obligations that are not 

recognisedbecause:(a)itisnotprobablethatanoutflowofeconomicbenefits

will be required to settle the obligation; or (b) the amount cannot  

be measured reliably.

Contingent liabilities are not recognised but are disclosed and described in 

thenotestothefinancialstatements,includinganestimateoftheirpotential

financialeffectanduncertaintiesrelatingtotheamountortimingofany

outflow, unless the possibility of settlement is remote.