Overview
- Overview
  
  This section gives an overview of National Express Group, our key highlights and how we've performed this year.
Business review
- Business review
  
  This section gives detail on our strategy and vision and how we've performed against this at Group and Divisional level.
- - Living our values
Governance
- Governance
  
  Our approach to corporate governance and how we've applied this in 2011.
Financial statements
- Financial statements
  
  The audited financial statements of National Express Group for the year ended 31 December 2011.

Note 24

Current liabilities – trade and other payables

	2011 £m	2010 £m
Trade payables	168.6	175.3
Amounts owed to associates and joint ventures (note 36)	1.0	1.1
Amounts owed to other related parties (note 36)	0.7	0.7
Other tax and social security payable	17.2	36.0
Accruals and deferred income	182.8	171.1
Other payables	96.1	86.4
	466.4	470.6

Trade payables are non-interest bearing and are normally settled on 30 day terms and other payables are non-interest bearing and have an average term of two months. Included within other payables are deferred fixed asset grants from government or other public bodies of £2.6m (2010: £2.3m).

Accrued interest on bonds of £30.4m was presented in other payables in the 2010 financial accounts. In 2011, this has been included within bonds – accrued interest, shown in note 28.