Trade and other payables

12 Months Ended

Jun. 30, 2018

23 Trade and other payables

	2018 £'000		2017 £'000
Trade payables		266,316		191,359
Other payables		4,754		3,258
Accrued expenses		83,280		61,162

		354,350		255,779
Social security and other taxes		17,917		18,123

		372,267		273,902

Less: non-current portion:
Trade payables		102,067		82,866
Other payables		2,204		721

Non-current trade and other payables		104,271		83,587

Current trade and other payables		267,996		190,315

Trade payables include transfer fees and other associated costs in relation to the acquisition of registrations of £258,316,000 (2017: £179,133,000) of which £102,067,000 (2017: £82,866,000) is due after more than one year. Of the amount due after more than one year, £65,495,000 (2017: £76,821,000) is expected to be paid between 1 and 2 years, and the balance of £36,572,000 (2017: £6,045,000) is expected to be paid between 2 and 5 years.

Accrued expenses include £4,795,000 (2017: £3,274,000) related to share-based payment transactions expected to be cash-settled.

The fair value of trade payables as at 30 June 2018 was £270,548,000 (2017: £194,052,000) before discounting of cash flows. The fair value of other payables is not materially different to their carrying amount.