Creditors are included in the liabilities. Basically liabilities...

Creditors are included in the liabilities. Basically liabilities are money that you owe or expect to pay.

So if equipment like cars are leased then the lease payments are a liability and you might pay so much each month.

Current liabilities are amounts payable within 12 months. So in simple terms, if a lease has 3 years to run and payments are $1000 per month then current liabilities are $12,000 and total liabilities are $36,000.

These are not contingent liabilities because they are due whatever happens. Metal streaming is a contingent liability because it is paid as metal is produced.