Notes to the consolidated financial statements - analysis of items in the primary statements
22. Trade and other payables
| 2010 £m | 2009 £m |
|
|---|---|---|
| Trade payables | 1,702 | 1,653 |
| Commodity contract liabilities | 184 | 203 |
| Social security and other taxes | 132 | 111 |
| Other payables | 585 | 650 |
| Deferred income | 244 | 218 |
| 2,847 | 2,835 |
Due to their short maturities, the fair value of trade and other payables (excluding deferred income) approximates their book value. Commodity contract liabilities are recorded at fair value. For further details of commodity risk, refer to note 33. All other trade and other payables are recorded at amortised cost.