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Trade and other payables (Tables)
12 Months Ended
Dec. 31, 2024
Trade and other payables.  
Schedule of components of 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).

Schedule of currency split of trade and other payables

    

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

Schedule of the ageing of trade payables

    

2024

    

2023

£m

£m

Less than one year

 

314

 

357

Between one and five years

 

1

 

More than five years

 

 

Total

 

315

 

357