Annual Report and Accounts 2006
|
Notes to the Financial Statements
22. Trade and other payables
| 2006 | 2005 | 2004 | ||||
| Current £m |
Non- current £m |
Current £m |
Non- current £m |
Current £m |
Non- current £m |
|
|---|---|---|---|---|---|---|
| Trade payables | 572 | – | 576 | – | 583 | – |
| Amounts owed to associated undertakings | 3 | – | 14 | – | 21 | – |
| Payments on account | 1 | – | 1 | – | 14 | – |
| Interest accruals | 30 | – | 48 | – | 53 | – |
| Other taxes and social security costs | 123 | – | 103 | – | 110 | – |
| Accruals and deferred income | 574 | – | 506 | – | 485 | – |
| Government grants | – | – | – | – | – | 1 |
| Other payables | 285 | 30 | 295 | 32 | 280 | 26 |
| 1,588 | 30 | 1,543 | 32 | 1,546 | 27 | |
The Directors consider that the carrying amount of trade payables approximates to their fair value. Trade payables are denominated in the functional currency of the relevant Group reporting company.