Note 11: Creditors and other payables
Annual Report for the year ended 30 June 2010.
| Actual | Actual | |
|---|---|---|
| 2009 | 2010 | |
| $000 | $000 | |
| 1,382 | Creditors | 1,156 |
| 2,134 | Income in advance | 2,207 |
| 598 | Accrued expenses | 597 |
| 519 | GST payable | 431 |
| 4,633 | Total creditors and other payables | 4,391 |
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.