Post-acquisition accounting treatment of Contingent Liabilities of a Subsidiary

Good day,

I wanted to ask about the accounting treatment of contingent liabilities of a subsidiary upon consolidation after acquisition. For example, suppose a subsidiary was acquired at Dec 31, 2010. As per IFRS 3, any contingent liability within the individual books of the acquiree, shall be recognized upon consolidation on acquisition in group accounts. Now lets say, in two years time, after the acquisition, a new contingent liability has emerged within the same acquired subsidiary. At the subsequent reporting date of Dec 31, 2012, upon consolidation, shall we recognize this contingent liability within group statement of financial position? or shall we continue to disclose it in notes in the group statement of financial position?

Thanks.