GroupCompany
Non-current2020
£m
2019
£m
2020
£m
2019
£m
Deferred grants and contributions736.8671.2
Other creditors24.426.1
761.2697.3
GroupCompany
Current2020
£m
2019
£m
2020
£m
2019
£m
Trade payables36.734.4
Amounts owed to subsidiary undertakings12.112.4
Amounts owed to related parties4.80.6
Other tax and social security5.85.4
Deferred grants and contributions14.513.3
Accruals and other creditors227.9232.72.12.3
Deferred income44.734.8
334.4321.214.214.7

The average credit period taken for trade purchases is 15 days (2019: 25 days).

The carrying amounts of trade and other payables approximates to their fair value at 31 March 2020 and 31 March 2019.

Deferred grants and contributions

Group2020
£m
2019
£m
At the start of the year684.5625.8
Amounts capitalised during the year35.135.7
Transfers of assets from customers47.039.4
Credited to equity – IFRS 15 opening balance adjustment(2.6)
Credited to the income statement – revenue(13.8)(12.9)
Credited to the income statement – other operating expenses (see note 4)(0.4)(0.5)
Credited to allowance for bad and doubtful receivables(1.1)(0.4)
At the end of the year751.3684.5