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                                    64NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2012(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2012 201113. Trade and other payables $ $Trade creditors 1,938 948Other creditors and accruals 14,866 11,524VAT payable 1,554 870Amounts due to group companies (Note 19) 3,725 1,268 22,083 14,610In the normal course of business operations, writs were filed against the Group for libel, some of which remained outstanding at the year-end. Based on professional advice received, management has established provisions of $0.466 million (2011: $0.845 million) to cover potential liabilities of this nature. This provision is included in other creditors and accruals.2012 201114. Income from operating activities $ $Advertising income 165,708 163,191Circulation income 15,260 16,727Printing and other income 5,594 5,313Total revenue 186,562 185,231Cost of sales (66,923) (63,706)Gross profit 119,639 121,525Administrative costs (36,413) (37,893)Distribution costs (38,489) (37,489)Other income (see below) 5,963 6,951Income from operating activities 50,700 53,094Guardian_Media_Annual_Report2012.indd 64 4/17/13 7:31 PM
                                
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