Notes to the consolidated annual financial statements | Note 19

  Rm 2017   2016  
19. Trade and other payables        
  Trade payables 10 671   9 335  
  Capital expenditure creditors 3 276   3 963  
  Indirect taxes 1 482   1 436  
  Accruals 4 131   4 715  
  Deferred revenue 3 118   3 306  
  Derivative financial liabilities 89   169  
  Other 748   736  
    23 515   23 660  
  Timing        
  Non-current 815   815  
  Current 22 700   22 845  
    23 515   23 660  
  Trade payables are carried at cost which normally approximates fair value due to short-term maturity.        
  Included within derivative financial liabilities:        
  Fair value hedges:        
     Foreign exchange forward contracts 46   132  
     Firm commitment liability – fair value hedge 43   37  
    89   169  
 

The fair value of foreign exchange forward contracts is determined with reference to quoted market prices for similar instruments, being the mid forward rates as at the reporting dates.