Notes to the Financial Statements

Note 19: Trade and Other Payables

Consolidated University
This Year Last Year This Year Last Year
$000 $000 $000 $000
Trade Payables 7,643 5,665 7,497 5,102
Payables to Related Parties (see note 27) 389 212   389 212
GST Payable 2,457 2,273   2,453 2,246
Accruals 1,767 2,735   1,196 2,735
Trade and Other Payables 12,256 10,885   11,535 10,295

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.



<< Note 18: Income in Advance Table of contents Note 20: Employee Entitlements >>

In New Zealand

0800 WAIKATO

International

+64 7 856 2889