Go to top of page

13 Current trade and other payables

$million

2019

Restated* 2018

Trade payables

326.7

267.7

Other payables

11.4

9.8

Goods and services tax payable

-

15.7

Total current trade and other payables

338.1

293.2

*The prior period financial information has been restated, as described in Note 2 of the Financial Statements.

Recognition and measurement

Trade and other payables are recognised when Snowy Hydro becomes obliged to make future payments resulting from the purchase of goods and services. Payables are stated at their amortised cost.