Notes to the Financial Statements b. Trade and other payables 2026 2025 US$m US$m Trade payables 839 808 Accruals and other payables 2,636 2,653 Carrying amount of current trade and other payables 3,475 3,461 Accruals and other payables 258 288 Contingent consideration associated with business combinations (Note 11) 245 227 Carrying amount of other non-current liabilities 503 515 Trade payables, accruals and other payables represents the notional amounts owed to suppliers for goods and services provided to the Group prior to the end of the financial year that are unpaid. Trade and other payables are non-interest bearing and have various repayment terms but are usually paid within 30 to 60 days of recognition. Note 15: Provisions Provisions are recognised when the Group has a present obligation, it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the obligation. Provisions are not recognised for future operating losses. Provisions recognised reflect our best estimate of the expenditure required to settle the present obligation at the reporting date. Where the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows to settle the obligation at a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the obligation. Provisions for employee benefits include liabilities for leave entitlements, related on costs and termination benefits. Other provisions include provisions for asset retirement obligations and onerous contracts, including those arising from restructuring activities. Further information on restructuring activities and related provisions is disclosed in Note 3. Employee benefits Other Total 2026 2025 2026 2025 2026 2025 US$m US$m US$m US$m US$m US$m Current Carrying amount at beginning of year 234 213 36 262 270 475 Utilised (217) (63) (3) (263) (220) (326) Transfers — — — 37 — 37 Additions 373 81 112 — 485 81 Currency translation differences 1 3 (3) — (2) 3 Carrying amount at end of year 391 234 142 36 533 270 Non-current Carrying amount at beginning of year 58 52 97 134 155 186 Utilised (1) (2) — — (1) (2) Transfers — — — (37) — (37) Additions — 5 104 — 104 5 Currency translation differences 1 3 1 — 2 3 Carrying amount at end of year 58 58 202 97 260 155 122 122 Financial Report
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