COMPANY       GROUP
2015   2014     (R’million) 2015   2014  
        29 Trade and other payables        
          Trade payables 2 176,3   1 759,3  
          Rebates and incentives 628,8   597,6  
          Accruals 745,9   788,2  
          VAT payable 185,1   179,0  
22,4   29,1     Other creditors 1 058,0   1 113,5  
          Defined benefit pension fund liability – refer to note 34 2,7   4,0  
22,4   29,1       4 796,8   4 441,6  

Trade payables are non-interest-bearing and are normally settled within 30 to 45-day terms. Included within trade payables is derivative liabilities of R9,2 million (2014: R8,4 million) which are carried at fair value. Refer to note 37 for further details.

Accruals and other payables are non-interest-bearing and have an average term of 60 days.