Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Trade and Other Payables

v3.19.2
Trade and Other Payables
12 Months Ended
Jan. 31, 2019
Trade And Other Payables  
Trade and Other Payables

18 Trade and Other Payables

 

    31 January 2019 NZ$000’s     31 January 2018 NZ$000’s     31 January 2017 NZ$000’s  
CURRENT                        
Trade payables     23,580       21,143       19,221  
Accruals     10,150       9,568       7,503  
Employee benefit liabilities     1,815       1,805       1,842  
      35,545       32,516       28,566  

 

Trade and other payables are unsecured, non-interest bearing and are normally settled within 30 days however some the trade creditors are out of term as at 31 January 2019 and subsequent to the end of the financial period the Group has reduced the out of term trade creditors but further work is required to bring all of the creditors in term. The carrying amounts are considered to be a reasonable approximation of fair value.