Saunders 2023 Annual Report e-book

FINANCIAL REPORT (cont.) Notes to the Financial Statements (cont.)

8. LEASES (CONT.)

2023 $’000 1,838 2,647 4,485 2023 $’000 1,838 1,185

2022 $’000 1,191 2,328 3,519 2022 $’000 1,191 1,005

Lease liabilities

Current

Non-Current

Total lease liabilities

Maturity analysis

Year 1 Year 2 Year 3 Year 4 Year 5

805 521 136

646 416 261

Onwards

-

-

Total lease liabilities

4,485

3,519

9. TRADE AND OTHER PAYABLES

2023 $’000

2022 $’000

Current Trade payables 1 Other payables

16,339

17,267

1,148

1,731 1,960

Goods and services tax payable

120

Accruals

8,120

14,542

Total trade and other payables 35,500 1 Trade payables and accruals principally comprise amounts outstanding for trade purchases and ongoing costs. The average credit period taken for trade purchases is 45 days. For most suppliers no interest is charged on the trade payables for the first 45 days from the date of the invoice. 25,727

Annual Report 2023 73

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