Notes to the financial statements

for the year ended 31 March 2012

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20 Trade and other payables

Consolidated Parent company
Notes 2012
£’000
2011
£’000
2012
£’000
2011
£’000
Current
Obligations under finance leases and hire purchase contracts 23 136 392
Trade payables 50,418 42,673
Other taxes and social security costs 5,627 6,640
Other payables 5,482 4,833
Accruals 47,867 48,025
Deferred income 34,604 40,465
Total 144,134 143,028
Non-current
Other payables 388
Finance leases 135
Amounts due to subsidiary undertakings 423
Total 388 135 423

Trade payables and accruals principally comprise amounts outstanding for trade purchases and ongoing costs. The Directors consider that the carrying amount of current liabilities approximates to their fair value.