26. Trade and other payables
2019 | 2018 | |
|---|---|---|
Within 1 year | €m | €m |
Trade payables and accruals | 52.9 | 45.4 |
Payroll taxes | 1.3 | 1.0 |
Social insurance cost | 0.3 | 0.5 |
Value added tax | 2.9 | 2.8 |
57.4 | 49.7 |
Trade payables and accruals comprise amounts outstanding for trade purchases and on-going costs and are non-interest bearing. They also include deferred revenue amounts of €5.0 million (2018: €3.8 million) relating to cash received relating to performance obligations outstanding not yet complete by the Group.
The average trade credit period outstanding was 65 days at 31 December 2019 (2018: 71 days). Certain suppliers reserve the right to charge interest on balances past their due date.
The Group has financial risk management policies in place to ensure that all payables are paid within the credit timeframe.