14. Payables

2019
$000
2018
$000
Accounts payable 1,216 1,750
Accrued expenses 1,162 497
Total payables 2,378 2,247

Liabilities for accounts payable and other  amounts payable are carried at cost, which  is the fair value of the consideration to be paid in the future for goods and  services received, whether or not billed to the department. Accounts payable are normally settled within 30 days.


ANNUAL REPORT 2018-19 - DEPARTMENT OF PRIMARY INDUSTRY AND RESOURCES


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