Notes to the Consolidated and Separate Annual Financial Statements | Note 18

18. Significant accounting policies
Group Company
2023
R '000		 2022
R '000		 2023
R '000		 2022
R '000
Financial instruments:
Trade payables 757,706 538,945 413 305
Related party payable: GOSA – 121,847 – –
Dividend payable 2,206 – 2,206 –
Other payables 50,846 48,146 988 1,119
810,758 708,938 3,607 1,424
Non-financial instruments:
Employee benefit accruals 135,101 131,101 18,146 18,042
945,859 840,039 21,753 19,466

Trade payables are non-interest bearing and are normally settled on 30 to 45-day terms. Other payables are non-interest bearing and are normally settled on 30-day terms. An accrual is recognised for the employer's liability for annual leave, annual bonus and associated costs. The accrual for annual leave is recognised when the employee renders the service, and the accrual is updated on a monthly basis. Employee benefits include an accrual for bonuses in terms of the Group's bonus scheme. The Group's exposure to currency, credit and liquidity risk related to trade and other payables are disclosed in note 27.

Refer to note 32 for other trade payables from related parties.