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60
11. Creditors and other payables
12. Employee entitlements
Actual Actual
2012 2011
$ $
Creditors 239,353 165,680
Income in advance 0 5,258
Accrued expenses 41,040 68,802
Provisions 117,769 0
Lease incentive 37,213 37,213
Other payables 82,719 171,985
Total creditors and other payables 518,094 448,938
Creditors and other payables are non-interest bearing and are normally settled on 30-day
terms, therefore carrying value of creditors and other payables approximates their fair value.
HDC approved a detailed and formal offi ce space allocation review, which was commenced
in June 2012, including as a consequence of additional staff required to carry out mental
health and addiction functions. The review and any associated payments are expected to be
completed by March 2013. The provision represents the estimated cost for the reallocation of
offi ce space and potential associated costs.
Current employee entitlements are represented by:
Actual Actual
2012 2011
$ $
Annual leave 144,473 148,315
Retirement and long service leave 1,194 1,740
Total current portion 145,667 150,055
Total employee entitlements 145,667 150,055