Trade and other payables

12 Months Ended

Dec. 31, 2023

Text Block [Abstract]

Trade and other payables

19. Trade and other payables

	2023 $m		2022 $m
Current
Trade payables		127		152
Other tax and social security payables		47		37
Other payables		135		173
Deferred purchase consideration		13		–
Accruals		389		335
		711		697
Non-current
Other payables		6		4
Deferred purchase consideration		–		12
Contingent purchase consideration (note 25)		69		65
		75		81

In 2022, current other payables included $29m and current accruals included $2m relating to the outstanding portion of the share repurchase programme. Of the total, $20m related to the unavoidable contractual cost of shares to be repurchased and $11m to the associated performance fee. Current other payables also included $18m relating to obligations created by the special allocation of expenses from an associate investment (see note 6).

Third-party bank loan guarantees

At 31 December 2023, the Group has issued financial guarantee contracts of up to $50m (2022: $50m). The carrying amount of these guarantees was nil in all periods presented. The largest guarantee has a gross guaranteed amount of $21m (2022: $21m) and the underlying loan matures in 2029. Should the Group fund any amount under the guarantee, there is a cross-indemnity that the Group would seek to pursue for the other parties’ share.