XML 49 R27.htm IDEA: XBRL DOCUMENT v3.20.1
Trade and other payables: amounts falling due after more than one year
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Trade and other payables: amounts falling due after more than one year
20. Trade and other payables: amounts falling due after more than one year
 
The following are included in trade and other payables falling due after more than one year:
 
 
  
2019
£m
 
  
2018
£m
 
Payments due to vendors (earnout agreements)
  
 
111.4
 
  
 
266.5
 
Liabilities in respect of put option agreements with vendors
  
 
151.4
 
  
 
205.2
 
Fair value of derivatives
  
 
21.2
 
  
 
14.2
 
Other creditors and accruals
  
 
199.3
 
  
 
355.5
 
 
  
 
483.3
 
  
 
841.4
 
 
The Group considers that the carrying amount of trade and other payables approximates their fair value.
 
The following tables set out payments due to vendors, comprising contingent consideration and the Directors’ best estimates of future earnout-related obligations:
 
 
  
2019
£m
 
 
2018
£m
 
Within one year
  
 
142.4
 
 
 
148.2
 
Between one and two years
  
 
36.9
 
 
 
140.2
 
Between two and three years
  
 
37.5
 
 
 
38.5
 
Between three and four years
  
 
14.8
 
 
 
50.3
 
Between four and five years
  
 
9.7
 
 
 
20.4
 
Over five years
  
 
12.5
 
 
 
17.1
 
 
  
 
253.8
 
 
 
414.7
 
 
  
2019
£m
 
 
2018
£m
 
At beginning of year
  
 
414.7
 
 
 
630.7
 
Earnouts paid
  
 
(130.0
) 
 
 
(120.2
) 
New acquisitions
  
 
9.6
 
 
 
48.6
 
Revision of estimates taken to goodwill (note 14)
  
 
(14.3
) 
 
 
(68.3
) 
Revaluation of payments due to vendors
  
 
1.1
 
 
 
(82.6
) 
Transfer to disposal group classified as held for sale
  
 
(11.5
) 
 
 
–
 
Exchange adjustments
  
 
(15.8
) 
 
 
6.5
 
At end of year
  
 
253.8
 
 
 
414.7
 
 
As of 31 December 2019, the potential undiscounted amount of future payments that could be required under the earnout agreements for acquisitions completed in the current year and for all earnout agreements ranges from £nil to £14 million (2018: £nil to £179 million) and £nil to £1,110 million (2018: £nil to £1,960 million), respectively. The decrease in the maximum potential undiscounted amount of future payments for all earnout agreements is due to earnout arrangements that have completed and payments made on active arrangements during the year, disposal related to the Kantar sale and exchange adjustments, partially offset by earnout arrangements related to new acquisitions.