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.