Notes to the consolidated financial statements
23. Other non-current liabilities
| 2009 £m |
2008 £m |
|||||
|---|---|---|---|---|---|---|
| Commodity contract liabilities | 156 | 88 | ||||
| Other payables | 396 | 347 | ||||
| Deferred income | 1,540 | 1,286 | ||||
| 2,092 | 1,721 |
Commodity contract liabilities are recorded at fair value. For further details of commodity risk, refer to note 34. All other non-current liabilities are recorded at amortised cost. There is no material difference between the fair value and the carrying value of other non-current liabilities.