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.

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