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Trade and other payables: amounts falling due after more than one year | 6 Months Ended
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Jun. 30, 2019
Text block [abstract] |
Trade and other payables: amounts falling due after more than one year |
19. | Trade and other payables: amounts falling due after more than one year
|  | 30 June 2019 |  |  | 30 June 2018 |  |  | 31 December 2018 |
|  | £m |  |  | £m |  |  | £m |
Payments due to vendors (earnout agreements) |  |  | 203.9 |  |  |  | 349.2 |  |  |  | 266.5 |
Liabilities in respect of put option agreements with vendors |  |  | 223.0 |  |  |  | 211.2 |  |  |  | 205.2 |
Fair value of derivatives |  |  | — |  |  |  | 30.4 |  |  |  | 14.2 |
Other creditors and accruals |  |  | 140.8 |  |  |  | 347.0 |  |  |  | 355.5 |
|  |  | 567.7 |  |  |  | 937.8 |  |  |  | 841.4 |
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 2019 |  |  | 30 June 2018 |  |  | 31 December 2018 |
|  | £m |  |  | £m |  |  | £m |
Within one year |  |  | 167.6 |  |  |  | 193.7 |  |  |  | 148.2 |
Between 1 and 2 years |  |  | 90.0 |  |  |  | 131.4 |  |  |  | 140.2 |
Between 2 and 3 years |  |  | 44.1 |  |  |  | 96.5 |  |  |  | 38.5 |
Between 3 and 4 years |  |  | 36.9 |  |  |  | 61.3 |  |  |  | 50.3 |
Between 4 and 5 years |  |  | 22.4 |  |  |  | 49.9 |  |  |  | 20.4 |
Over 5 years |  |  | 10.5 |  |  |  | 10.1 |  |  |  | 17.1 |
|  |  | 371.5 |  |  |  | 542.9 |  |  |  | 414.7 |
The Group’s approach to payments due to vendors is outlined in note 24. The following table sets out the movements in contingent consideration during the period:
|  | Six months ended 30 June 2019 |  |  | Six months ended 30 June 2018 |  |  | Year ended 31 December 2018 |
|  | £m |  |  | £m |  |  | £m |
At the beginning of the period |  |  | 414.7 |  |  |  | 630.7 |  |  |  | 630.7 |
Earnouts paid |  |  | (57.9 | ) |  |  | (38.0 | ) |  |  | (120.2 | )
New acquisitions |  |  | 3.9 |  |  |  | 11.9 |  |  |  | 48.6 |
Revision of estimates taken to goodwill |  |  | 1.1 |  |  |  | (26.3 | ) |  |  | (68.3 | )
Revaluation of payments due to vendors (note 6) |  |  | 8.4 |  |  |  | (29.7 | ) |  |  | (82.6 | )
Exchange adjustments |  |  | 1.3 |  |  |  | (5.7 | ) |  |  | 6.5 |
At the end of the period |  |  | 371.5 |  |  |  | 542.9 |  |  |  | 414.7 |
The Group does not consider there to be any material contingent liabilities at 30 June 2019.

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- Definition Text block [abstract] + References No definition available. + Details
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