XML 276 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Trade and other payables | 12 Months Ended
--- | ---
Dec. 31, 2024
Trade and other payables. |
Trade and other payables | A5. Trade and other payables ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​ | 2023
​ |  | £m |  | £m
Trade payables |  | 315 |  | 357
Social security and other taxes |  | 91 |  | 95
Other payables |  | 95 |  | 94
Accruals |  | 345 |  | 322
Contract liabilities1 |  | 249 |  | 254
Deferred consideration |  | 17 |  | 17
Contingent consideration2 |  | 75 |  | 76
Total |  | 1,187 |  | 1,215
​ | ​ | ​ | ​ | ​
Analysed as follows: |  | ​ |  | ​
Other payables |  | 30 |  | 31
Deferred consideration |  | 1 |  | —
Contingent consideration2 |  | 38 |  | 40
Total non-current portion |  | 69 |  | 71
Current portion |  | 1,118 |  | 1,144
Total |  | 1,187 |  | 1,215
1. | Contract liabilities represents customer invoices where performance obligations have not yet been satisfied. All opening balances have subsequently been satisfied in the year. In most business categories, our customers are invoiced in advance or simultaneously with performance obligations being satisfied.
2. | Contingent consideration includes put option liability of £26m (2023: £32m).
Other than the put options, there are no liabilities in the table above that bear interest or are discounted, and therefore the cash flows are equal to the carrying value of the liabilities. Cash is due to flow between one and five years for all non-current liabilities and not beyond. Fair value is equal to carrying value for all trade and other payables. There is no material difference between the fair value and carrying value for all trade and other payables. Put options are held following the acquisition of PCI in 2017, where the seller may require the Group to purchase the remaining shares of the business in stages over a fixed term between 2023 and 2027. The put options are accounted for as an anticipated acquisition of the remaining shares and no non-controlling interest is recognised. The Group recognised a put option liability for the anticipated acquisition of these shares in contingent consideration, and any movements in the carrying value are recognised through equity. During the year, the seller exercised the second put option, selling a further 8% of the share capital of the company to the Group, making the Group’s total shareholding in PCI 73%. Given the volume of acquisitions and the variety of inputs to the valuation of contingent consideration (depending on each transaction), there is not considered to be any change in input that would have a material impact on the contingent consideration liability. The currency split of trade and other payables is as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | £m | ​ | £m
Pound sterling |  | 165 |  | 164
Euro |  | 227 |  | 238
US dollar |  | 532 |  | 542
Other currencies |  | 263 |  | 271
Carrying value |  | 1,187 |  | 1,215
​ The ageing of trade payables is as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | £m | ​ | £m
Less than one year |  | 314 |  | 357
Between one and five years |  | 1 |  | —
More than five years |  | — |  | —
Total |  | 315 |  | 357
​ Maturity analysis for lease liabilities is included in Note B4, and other financial liabilities in Note C6.

X
- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_TradeAndOtherPayablesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration