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Trade and other payables | 6 Months Ended
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Jun. 30, 2018
Within one year [member] |
Trade and other payables |
17. | Trade and other payables: amounts falling due within one year
|  | 30 June 2018 |  |  | 30 June 2017 |  |  | 31 December 2017 |
|  | £m |  |  | £m |  |  | £m |
Trade payables |  |  | 9,611.7 |  |  |  | 9,087.5 |  |  |  | 9,893.0 |
Deferred income |  |  | 1,284.5 |  |  |  | 1,188.3 |  |  |  | 1,212.1 |
Payments due to vendors (earnout agreements) |  |  | 193.7 |  |  |  | 283.9 |  |  |  | 180.7 |
Liabilities in respect of put option agreements with vendors |  |  | 50.0 |  |  |  | 36.7 |  |  |  | 38.6 |
Fair value of derivatives |  |  | 2.2 |  |  |  | 2.8 |  |  |  | 3.5 |
Other creditors and accruals |  |  | 2,874.5 |  |  |  | 2,829.0 |  |  |  | 2,913.2 |
|  |  | 14,016.6 |  |  |  | 13,428.2 |  |  |  | 14,241.1 |
The Group considers that the carrying amount of trade and other payables approximates their fair value.
Greater than 1 year [member] |
Trade and other payables |
18. | Trade and other payables: amounts falling due after more than one year
|  | 30 June 2018 |  |  | 30 June 2017 |  |  | 31 December 2017 |
|  | £m |  |  | £m |  |  | £m |
Payments due to vendors (earnout agreements) |  |  | 349.2 |  |  |  | 586.8 |  |  |  | 450.0 |
Liabilities in respect of put option agreements with vendors |  |  | 211.2 |  |  |  | 232.6 |  |  |  | 219.5 |
Fair value of derivatives |  |  | 30.4 |  |  |  | — |  |  |  | 3.3 |
Other creditors and accruals |  |  | 347.0 |  |  |  | 300.0 |  |  |  | 320.0 |
|  |  | 937.8 |  |  |  | 1,119.4 |  |  |  | 992.8 |
The Group considers that the carrying amount of trade and other payables approximates their fair value. The following table sets out payments due to vendors, comprising contingent consideration and the directors’ best estimates of future earnout-related obligations:
|  | 30 June 2018 |  |  | 30 June 2017 |  |  | 31 December 2017 |
|  | £m |  |  | £m |  |  | £m |
Within one year |  |  | 193.7 |  |  |  | 283.9 |  |  |  | 180.7 |
Between 1 and 2 years |  |  | 131.4 |  |  |  | 163.0 |  |  |  | 128.3 |
Between 2 and 3 years |  |  | 96.5 |  |  |  | 167.0 |  |  |  | 144.1 |
Between 3 and 4 years |  |  | 61.3 |  |  |  | 148.5 |  |  |  | 58.3 |
Between 4 and 5 years |  |  | 49.9 |  |  |  | 83.5 |  |  |  | 103.1 |
Over 5 years |  |  | 10.1 |  |  |  | 24.8 |  |  |  | 16.2 |
|  |  | 542.9 |  |  |  | 870.7 |  |  |  | 630.7 |
The Group’s approach to payments due to vendors is outlined in note 23. The following table sets out the movements in contingent consideration during the period:
|  | Six months ended 30 June 2018 |  |  | Six months ended 30 June 2017 |  |  | Year ended 31 December 2017 |
|  | £m |  |  | £m |  |  | £m |
At the beginning of the period |  |  | 630.7 |  |  |  | 976.5 |  |  |  | 976.5 |
Earnouts paid |  |  | (38.0 | ) |  |  | (61.7 | ) |  |  | (199.1 | )
New acquisitions |  |  | 11.9 |  |  |  | 71.4 |  |  |  | 163.7 |
Revision of estimates taken to goodwill |  |  | (26.3 | ) |  |  | (23.2 | ) |  |  | (60.7 | )
Revaluation of payments due to vendors (note 7) |  |  | (29.7 | ) |  |  | (69.4 | ) |  |  | (208.6 | )
Exchange adjustments |  |  | (5.7 | ) |  |  | (22.9 | ) |  |  | (41.1 | )
At the end of the period |  |  | 542.9 |  |  |  | 870.7 |  |  |  | 630.7 |
The Group does not consider there to be any material contingent liabilities as at 30 June 2018.

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- 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 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
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