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Trade and other payables: amounts falling due after more than one year
 6 Months Ended
Jun. 30, 2020
More than one year  
Statement [LineItems]  
Trade and other payables: amounts falling due after more than one year
1
8
.
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)
1
   88.1    184.2    100.3 
Liabilities in respect of put option agreements with
vendors
1
   102.5    203.8    128.8 
Fair value of derivatives
   0.6    —      21.2 
Other creditors and accruals
   164.0    140.8    199.3 
    355.2    528.8    449.6 
Note
1
 
Figures have been restated to be in accordance with IAS 39 Financial Instruments: Recognition and Measurement, as described in the accounting policies
.
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
1
   
30 June
2019
1
   
31 December
2019
1
 
    
£m
   
£m
   
£m
 
Within one year
   65.2    167.8    143.4 
Between 1 and 2 years
   26.0    87.6    36.3 
Between 2 and 3 years
   14.1    40.5    34.6 
Between 3 and 4 years
   23.4    30.5    12.3 
Between 4 and 5 years
   21.8    17.7    7.7 
Over 5 years
   2.8    7.9    9.4 
    153.3    352.0    243.7 
Note
1
 
Figures have been restated to be in accordance with IAS 39 Financial Instruments: Recognition and Measurement, as described in the accounting policies
The Group’s approach to payments due to vendors is outlined in note
2
2
.
The following table sets out the movements of deferred and earnout related obligations during the period:
 
    
Six months
ended
30 June
2020
1
  
Six months
ended
30 June
2019
1
  
Year ended
31 December
2019
1
 
    
£m
   
£m
  
£m
 
At the beginning of the period
   243.7    400.8   400.8 
Earnouts paid
   (88.5)    (57.9)   (130.0) 
New acquisitions
   2.9    3.6   9.6 
Revision of estimates taken to goodwill
   (3.0)    1.1   (14.1) 
Revaluation of payments due to vendors (note 6)
   (7.4)    3.1   3.8 
Transfer to disposal group classified as held for sale
   —    —     (11.5) 
Exchange adjustments
   5.6     1.3   (14.9) 
At the end of the period
   153.3    352.0   243.7 
Note
1
 
Figures have been restated to be in accordance with IAS 39 Financial Instruments: Recognition and Measurement, as described in the accounting policies
The Group does not consider there to be any material contingent liabilities at 30 June 20
20
.