BAE-annual-report-2014
BAE-annual-report-2014
BAE-annual-report-2014
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Financial statements<br />
20. TRADE AND OTHER PAYABLES<br />
Trade and other payables are stated at their cost.<br />
Non-current<br />
Amounts due to long-term contract customers 404 699<br />
Amounts owed to equity accounted investments (note 30) 40 –<br />
Accruals and deferred income 45 39<br />
US deferred compensation plan liabilities 262 237<br />
Other payables 181 185<br />
932 1,160<br />
Current<br />
Amounts due to long-term contract customers 3,713 4,023<br />
Amounts due to other customers 285 232<br />
Cash received on customers’ account 1 – 1<br />
Trade payables 599 651<br />
Amounts owed to equity accounted investments (note 30) 454 563<br />
Other taxes and social security costs 76 82<br />
Accruals and deferred income 1,181 1,019<br />
Other payables 362 503<br />
6,670 7,074<br />
<strong>2014</strong><br />
£m<br />
2013<br />
£m<br />
Included above:<br />
Amounts due to long-term contract customers, including contract losses 4,117 4,722<br />
Advances from long-term contract customers 3,935 4,498<br />
1. Cash received on customers’ account is the unexpended cash received from customers in advance of delivery which is subject to advance payment guarantees<br />
unrelated to Group performance.<br />
STRATEGIC REPORT GOVERNANCE<br />
FINANCIAL STATEMENTS<br />
<strong>BAE</strong> Systems<br />
Annual Report <strong>2014</strong><br />
133
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