|  Notes to the Financial Statements Note 18: Trade and Other Payables | | Consolidated | | University | | | This Year | Last Year | | This Year | Last Year | | | $000 | $000 | | $000 | $000 | Trade Payables | | 5,810 | 8,849 | | 5,425 | 7,024 | Payables to Subsidiaries | | 82 | - | | 82 | 1,275 | Payables to Related Parties | | 148 | 105 | | 148 | 105 | GST Payable | | 1,257 | 1,060 | | 1,192 | 1,007 | Accruals | | 2,809 | 2,833 | | 2,809 | 2,833 | Trade and Other Payables | � | 10,106 | 12,847 | | 9,656 | 12,244 | Trade payables and other payables are non-interest bearing and are normally settled on 30-day terms, therefore the carrying value of trade payables and other payables approximates their fair value. | |