29 November
2015
£m
30 November
2014
£m
Trade payables63.661.3
Taxation and social security5.84.8
Accruals and other payables74.846.6
Deferred income20.223.8
 164.4136.5

Deferred income represents the value of delivery income received under the Ocado Smart Pass scheme allocated to future periods, upfront licence fees from the Morrisons strategic operating agreement, lease incentives, and media income from suppliers which relate to future periods.