20 Trade and other payables Accounting policy Deferred income is recognised when either a customer has paid consideration, or RELX has an unconditional right to an amount of consideration, in advance of the goods and services being delivered. Trade payables, accruals and other payables are predominantly non-interest-bearing and are stated at their nominal values. |
| | | | | | | 2024
GBPm | | 2025
GBPm | Trade payables | | 223 | | 89 | Accruals | | 851 | | 978 | Social security and other taxes | | 181 | | 195 | Other payables | | 539 | | 616 | Deferred income | | 2,328 | | 2,390 | Total | | 4,122 | | 4,268 |
Trade and other payables are predominantly non-interest bearing and their carrying amounts approximate to their fair value. Materially all of the opening deferred income balance has been recognised in the reporting period.
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