GroupCompany
Non-current2014
£m
2013
£m
2014
£m
2013
£m
Deferred grants and contributions441.8410.0
Other creditors10.49.8
452.2419.8
GroupCompany
Current2014
£m
2013
£m
2014
£m
2013
£
Trade payables45.752.7
Amounts owed to subsidiary undertakings8.68.8
Other taxation and social security4.94.7
Deferred grants and contributions8.99.0
Other creditors3.84.81.52.1
Accruals and deferred income324.8368.9
388.1440.110.110.9

The average credit period taken for trade purchases is 30 days (2013: 36 days).

The carrying amounts of trade and other payables approximate their fair value.

Deferred grants and contributions

Group2014
£m
2013
£m
At the start of the year419.0373.4
Cash received during the year16.416.3
Transfers of assets from customers24.838.2
Credited to the income statement – revenue (see note 1)(2.1)(1.8)
Credited to the income statement – other operating expenses (see note 4)(7.4)(7.1)
At the end of the year450.7419.0