Notes 16-20
- 16. Inventory and work in progress
- 17. Trade and other receivables
- 18. Trade and other payables: amounts falling due within one year
- 19. Trade and other payables: amounts falling due after more than one year
- 20. Bank overdrafts, bonds and bank loans Amounts falling due within one year:
19. Trade and other payables: amounts falling due after more than one year
The following are included in trade and other payables falling due after more than one year:
| 2007 £m |
2006 £m |
|
|---|---|---|
| Payments due to vendors (earnout agreements) | 261.7 | 147.6 |
| Liabilities in respect of put option agreements with vendors | 37.0 | 28.8 |
| Other creditors and accruals | 161.7 | 155.5 |
| 460.4 | 331.9 |
The Group considers that the carrying amount of trade and other payables approximates their fair value.
The following table sets out the undiscounted payments due to vendors, comprising deferred consideration and the directors' best estimates of future earnout-related obligations:
| 2007 £m |
2006 £m |
|
|---|---|---|
| Within one year | 58.2 | 88.9 |
| Between one and two years | 63.2 | 36.5 |
| Between two and three years | 85.7 | 34.7 |
| Between three and four years | 65.2 | 49.1 |
| Between four and five years | 48.6 | 27.8 |
| Over five years | – | – |
| 320.9 | 237.0 | |
| Effect of discount rates | (1.9) | (1.5) |
| 319.0 | 235.5 |