COMPANY									GROUP
2019			2018			(R’million)			2019			2018
						23	Trade and other payables
							Trade payables		2 604,9			2 224,3
							Contract liabilities – rebates and incentives*		999,6			555,7
							Accruals		628,0			685,3
							VAT payable		–			13,7
27,8			23,8				Other creditors		270,1			360,6
							Defined benefit pension fund liability (refer note 28)		2,0			1,9
27,8			23,8						4 504,6			3 841,5
							* During the year, R3,7 billion (2018: R3,2 billion) was raised and R3,4 billion (2018: R3,4 billion) was settled.
							Trade payables are non-interest-bearing and are normally settled within 30 to 45 day terms. Included within trade payables are derivative liabilities of R5,2 million (2018: R6,5 million) which are carried at fair value. Refer to note 31.7 for further details.