2007 Financial statements

Note 25 - Trade and other payables

	Non current 2007 US$m	Current 2007 US$m	Non current 2006 US$m	Current 2006 US$m
Trade creditors	-	3,145	-	1,291
Amounts owed to equity accounted units	-	219	-	143
Other creditors (a)	176	575	190	212
Employee entitlements	-	915	-	187
Royalties and mining taxes	-	325	-	264
Accruals and deferred income	126	1,481	107	595
Government grants deferred	201	7	65	1
	503	6,667	362	2,693

'Other creditors' include deferred consideration of US$209 million (2006: US$179 million) relating to certain assets acquired. The deferred consideration is included at its net present value. The amortisation of the discount applied in establishing the net present value is treated as a finance cost. All other accounts payable and accruals are non interest bearing.
Due to their short term maturities, the fair value of trade and other payables approximates to their carrying value.