Trade and other payables
Current m Non-current m Current m Non-current m
Amounts owed to suppliers and customers Amounts owed to equity accounted investments Accrued interest Government refundable advances Deferred and contingent consideration Payroll taxes, indirect taxes and audit fees Amounts due to employees and employee bene t plans Government grants Customer advances and deferred income
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( , Government refundable advances are forecast to fall due for repayment between 2016 and 2055.
Non-current deferred and contingent consideration falls due as follows: one to two years £2 million (2014: nil), two to ve years nil (2014: £1 million) and over ve years nil (2014: £2 million). Non-current amounts owed to suppliers and customers fall due within two years. Contingent consideration of £2 million (2014: £6 million) will be paid based on achievement of speci c technology milestones in Sheets Manufacturing Inc. (SMI), see note 30 for further details. During 2015, a further £6 million was paid in cash relating to the Filton acquisition during 2009, in addition to the rst milestone payment of £1 million for SMI. Included within amounts owed to suppliers and customers is £61 million (2014: £33 million) payable to banks in respect of supply chain nance arrangements. Customer advances and deferred income comprises cash receipts from customers in advance of the Group completing its performance obligations. Non-current amounts in respect of customer advances and deferred income fall due as follows: one to two years £44 million (2014: £17 million), two to ve years £108 million (2014: £21 million) and over ve years £89 million (2014: £46 million). The signi cant increase during the year has principally arisen following a speci c aerospace customer advanced payment in respect of development costs.
GKN plc Annual Report and Accounts