Notes 16-20

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:


2008
£m
2007
£m
Payments due to vendors (earnout agreements) 286.2 261.7
Liabilities in respect of put option agreements with vendors 54.6 37.0
Fair value of derivatives 86.2 79.0
Other creditors and accruals 126.9 82.7
  553.9 460.4

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 deferred consideration and the directors’ best estimates of future earnout-related obligations:


 
2008
£m
2007
£m
Within one year 89.8 57.3
Between one and two years 128.0 62.8
Between two and three years 97.2 85.4
Between three and four years 53.4 65.0
Between four and five years 7.6 48.5
Over five years
  376.0 319.0

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