Trade and other payables: amounts falling due after more than one year

6 Months Ended

Jun. 30, 2020

Trade and other payables: amounts falling due after more than one year


	30 June 2020		30 June 2019		31 December 2019
	£m		£m		£m
Payments due to vendors (earnout agreements)		101.2		203.9		111.4
Liabilities in respect of put option agreements with vendors		120.5		223.0		151.4
Fair value of derivatives		0.6		—		21.2
Other creditors and accruals		164.0		140.8		199.3
		386.3		567.7		483.3

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 2020		30 June 2019		31 December 2019
	£m		£m		£m
Within one year		65.4		167.6		142.4
Between 1 and 2 years		26.1		90.0		36.9
Between 2 and 3 years		15.5		44.1		37.5
Between 3 and 4 years		28.1		36.9		14.8
Between 4 and 5 years		27.8		22.4		9.7
Over 5 years		3.7		10.5		12.5
		166.6		371.5		253.8

The Group’s approach to payments due to vendors is outlined in note

The following table sets out the movements of deferred and earnout related obligations during the period:


	Six months ended 30 June 2020			Six months ended 30 June 2019			Year ended 31 December 2019
	£m			£m			£m
At the beginning of the period		253.8			414.7			414.7
Earnouts paid		(88.5	)		(57.9	)		(130.0	)
New acquisitions		2.9			3.9			9.6
Revision of estimates taken to goodwill		(3.0	)		1.1			(14.3	)
Revaluation of payments due to vendors (note 6)		(4.3	)		8.4			1.1
Transfer to disposal group classified as held for sale		—			—			(11.5	)
Exchange adjustments		5.7			1.3			(15.8	)
At the end of the period		166.6			371.5			253.8

The Group does not consider there to be any material contingent liabilities at 30 June 20