10. TRADE AND OTHER PAYABLES

For details regarding the accounting policy refer to note 5.

These amounts represent liabilities for goods and services provided to BLT prior to the end of the financial year which are unpaid. The amounts are unsecured and are usually paid within 60 days of recognition.

    2025
R’000
  2024
R’000
Financial instruments        
Trade payables   52   17
Accrued expenses   1 350   2 031
    1 402   2 048

The fair value of the trade and other payables approximates their carrying amounts due to being payable in the short term.