Notes to the financial statements l Note 24

24. Trade and other payables
 
Company Group
2021
Rm
2020
Rm
2021
Rm
2020
Rm
Trade payables 347 446
Other payables 46 29
# # Accruals 179 142
# # 572 617
For terms and conditions relating to related parties, refer to note 35.
Trade payables are non-interest-bearing and are normally settled on 30-day terms.
Accruals and other payables are mostly non-interest-bearing and have an average payable term of three months.
The fair value of all trade and other payables approximates the carrying value, due to the short-term nature of these balances.
# Less than R1 million.

Notes to the financial statements l Note 24