XML 31 R23.htm IDEA: XBRL DOCUMENT

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

6 Months Ended

Jun. 30, 2022

Trade and other non-current payables [abstract]

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

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


	30 June 2022	31 December 2021
	£m	£m
Payments due to vendors (earnout agreements)	133.1	111.1
Liabilities in respect of put option agreements with vendors	329.5	333.1
Fair value of derivatives	64.2	47.2
Other creditors and accruals	113.9	128.5
	640.7	619.9

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 2022	31 December 2021
	£m	£m
Within one year	40.0	85.6
Between 1 and 2 years	46.2	24.0
Between 2 and 3 years	48.2	35.7
Between 3 and 4 years	17.5	51.4
Between 4 and 5 years	10.8	—
Over 5 years	10.4	—
	173.1	196.7

The Group’s approach to payments due to vendors is outlined in note 19.

The Group does not consider there to be any material contingent liabilities as at 30 June 2022.