- Financial Statements
Notes to the Consolidated Financial Statements
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for the year to 31 December 2007
21. Trade and other payables
| Current | Non-current | ||||
|---|---|---|---|---|---|
| 2007 £m |
2006 £m |
2007 £m |
2006 £m |
||
| Trade payables | 920.6 | 608.4 | 376.6 | 122.7 | |
| Joint ventures | 3.4 | 2.8 | – | – | |
| Currency and interest rate derivatives | 1.5 | 9.1 | – | – | |
| Other payables | 614.8 | 305.7 | 11.8 | 0.4 | |
| 1,540.3 | 926.0 | 388.4 | 123.1 | ||
Trade payable days were 43 days (2006: 32 days), based on the ratio of year-end trade payables (excluding sub-contract retentions and unagreed claims of £23.8m (2006: £13.2m) and land creditors) to amounts invoiced during the year by trade creditors.
Other payables include customer deposits for reserving plots of £90.1m (2006: £84.2m).
| Land creditors (included within trade payables) are due as follows: | 2007 £m |
2006 £m |
|||
|---|---|---|---|---|---|
| Due within one year | 453.7 | 252.0 | |||
| Due in more than one year | 375.3 | 121.0 | |||
| 829.0 | 373.0 |
| Land creditors are denominated as follows: | 2007 £m |
2006 £m |
|||
|---|---|---|---|---|---|
| Sterling | 711.0 | 239.7 | |||
| US dollars | 42.4 | 57.9 | |||
| Canadian dollars | 38.4 | 24.9 | |||
| Euros | 37.2 | 50.5 | |||
| 829.0 | 373.0 |
Land creditors of £570.9m (2006: £350.4m) are secured against land acquired for development.