Notes to the Accounts
For the year ended 31 December 2008
14. Trade and other payables
| Group | Company | |||
|---|---|---|---|---|
| 2008 £’000 |
2007 £’000 |
2008 £’000 |
2007 £’000 |
|
| Current | ||||
| Trade payables | 9,780 | 7,217 | – | – |
| Amounts owed to Group companies | – | – | 340,505 | 302,242 |
| Other tax and social security | 40,332 | 37,122 | – | – |
| Other payables | 18,742 | 13,200 | – | – |
| Accruals | 67,872 | 57,209 | – | 460 |
| Deferred income | 295 | 657 | – | – |
| 137,021 | 115,405 | 340,505 | 302,702 | |
| Non-current | ||||
| Deferred income | 1,192 | 475 | – | – |
| Other tax and social security | 145 | 205 | – | – |
| 1,337 | 680 | – | – | |
The fair values of trade and other payables are not materially different to those disclosed above. There is no material effect on pre-tax profit if the instruments are accounted for at fair value or amortised cost.
The total liability relating to other tax and social security includes a balance of £0.8m (2007: £1.1m) relating to social charges on share based payments.
The Group’s exposure to currency and liquidity risk related to trade and other payables is disclosed in Note 22.