|
2017 €m |
2016 €m |
|||||||
|
Current |
||||||||
|
Trade payables |
2,304 | 2,531 | ||||||
|
Construction contract-related payables (i) |
217 | 296 | ||||||
|
Deferred and contingent acquisition consideration (ii) |
167 | 61 | ||||||
|
Accruals and other payables |
1,802 | 1,875 | ||||||
|
Amounts payable to equity accounted investments |
44 | 52 | ||||||
|
Total |
4,534 | 4,815 | ||||||
|
Non-current |
||||||||
|
Other payables |
128 | 221 | ||||||
|
Deferred and contingent acquisition consideration (ii) |
98 | 240 | ||||||
|
Total |
226 | 461 | ||||||
| (i) | Construction contract-related payables include billings in excess of revenue, together with advances received from customers in respect of work to be performed under construction contracts and foreseeable losses thereon. |
| Other than deferred and contingent consideration, the carrying amounts of trade and other payables approximate their fair value largely due to the short-term maturities and nature of these instruments. |
| (ii) | The fair value of total contingent consideration is €118 million (2016: €136 million), (Level 3 input in the fair value hierarchy) and deferred consideration is €147 million (2016: €165 million). On an undiscounted basis, the corresponding basis for which the Group may be liable for contingent consideration ranges from €nil million to a maximum of €118 million. The movement in deferred and contingent consideration during the financial year was as follows: |