NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 23     2016 R’000   2015 R’000   23. TRADE AND OTHER PAYABLES           Trade accounts payable 726 919   671 919     Derivative liability at fair value (1) 23 552   205     Other payables 806 060   649 666        Accrued expenses 616 772   519 450        Sundry payables 189 288   130 216     VAT payable (2) 5 252   2 932     Interest accrued 2 482   3 709       1 564 265   1 328 431     (1) It is expected that the derivative liability will be settled within the next 90 days.           (2) VAT payable will be paid within one month.           The maturity analysis of trade and other payables is as follows:           Trade Payables           <30 days 414 413   514 936     31 – 60 days 157 200   74 672     61 – 90 days 48 339   13 510     >90 days 106 967   68 801     Total 726 919   671 919     Other Payables           <30 days 313 362   222 591     31 – 60 days 92 336   148 379     61 – 90 days 211 218   163 745     >90 days 189 144   114 951     Total 806 060   649 666     The directors consider that the carrying amount of the trade and other payables approximates their fair value due to the short-term maturity.   NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 23