Note 11: Creditors and other payables
| Actual 2013/14 $000 |
Actual 2012/13 $000 |
|
| Creditors | 1,442 | 1,416 |
| Income in advance | 2,073 | 2,016 |
| Accrued expenses | 525 | 837 |
| GST payable | 648 | 520 |
| Total creditors and other payables | 4,688 | 4,789 |
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.