Carphone Warehouse 2015 Annual Report Download - page 118

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
Notes to the Group financial statements
116
15 Trade and other payables
2 May 2015 29 March 2014
Current
£million
Non-
current
£million
Current
£million
Non-
current
£million
Trade payables 1,097 — 565 113
Other taxes and social security 205 — 127 —
Derivative financial instruments 26 — — —
Other creditors 103 277 — —
A
ccruals 384 72 166 —
Deferred income 146 147 11 —
1,961 496 869 113
Non-current trade and other payables relate principally to property leases that are deemed to be over-rented. These liabilities are
unwound over the period of the relevant lease, of up to 22 years. The carrying amount of trade and other payables approximates
their fair value.
16 Deferred consideration
2 May 2015 29 March 2014
Current
£million
Non-
current
£million
Current
£million
Non-
current
£million
Deferred consideration 25 6 25 25
Deferred consideration primarily relates to the CPW Europe Acquisition with £25 million payable to Best Buy in June 2015
(2014: payable to Best Buy in equal instalments in June 2014 and June 2015). The amount bears interest at 2.5% per annum.