Note 11: Creditors and other payables
| Actual 2011/12 |
Actual 2012/13 |
|
| $000 | $000 | |
| 1,386 | Creditors | 1,416 |
| 2,751 | Income in advance | 2,016 |
| 672 | Accrued expenses | 837 |
| 633 | GST payable | 520 |
| 5,442 | Total creditors and other payables | 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.