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Trade and other payables: amounts falling due within one year | 12 Months Ended
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Dec. 31, 2024
Trade and other current payables [abstract] |
Trade and other payables: amounts falling due within one year | 16. Trade and other payables: amounts falling due within one year The following are included in trade and other payables falling due within one year:
| 2024 |  | 2023
| £m |  | £m
Trade payables | 10,637 |  |  | 10,826 |
Contingent consideration liabilities | 57 |  |  | 73 |
Liabilities in respect of put option agreements with vendors | 1 |  |  | 14 |
Fair value of derivatives | 32 |  |  | 1 |
Other payables and accruals 1 | 2,329 |  |  | 2,409 |
| 13,056 |  |  | 13,323 |
Note 1 This balance includes media rebates, staff costs, indirect taxes payable and other individually not material items. The Group considers that the carrying amount of trade and other payables approximates their fair value, except for liabilities in respect of put option agreements with vendors for which the fair value is nil (th is is level 3 fair value that is derived using a discounted cash flow approach) at 31 December 2024 (2023: £12 million).

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- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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- References No definition available. + Details
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