The University of Waikato - Te Whare Wananga o WaikatoThe University of Waikato - Te Whare Wananga o Waikato

2008 Annual Report

   
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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.



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