Note 11: Creditors and other payables
Annual Report for the year ended 30 June 2009.
| Actual | Actual | |
|---|---|---|
| 2008 | 2009 | |
| $000 | $000 | |
| 1,847 | Creditors | 1,782 |
| 1,873 | Income in advance | 2,134 |
| 123 | Accrued expenses | 198 |
| 436 | GST payable | 519 |
| 4,279 | Total creditors and other payables | 4,633 |
Creditors and other payables are non-interest-bearing, and are normally settled on 30-day terms. The carrying value of creditors and other payables therefore approximates their fair value.
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