Notes to the financial statements

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	Group as at 31 March 2009 £m	Group as at 31 March 2008 £m	Company as at 31 March 2009 £m	Company as at 31 March 2008 £m
Current payables
Matched principal trade payables	30,446	36,906	–	–
Deposits received for securities loaned	865	771	–	–
Other trade payables	7	8	–	–
Amounts owed to subsidiaries	–	–	614	235
Amounts owed to associates	2	3	–	–
Derivative financial instruments	48	21	–	–
Accruals	328	268	–	–
Other tax and social security	17	20	–	–
Other payables	94	81	–	–
	31,807	38,078	614	235
Non-current payables
Amounts owed to subsidiaries	–	–	140	–
Accruals	26	18	–	–
Other payables	31	–	140	–
	57	18	140	–

As at 31 March 2009 and 31 March 2008, the fair value of trade and other payables is not materially different from their book values.

The interest rate and maturity profiles of the Group’s financial liabilities together with discussion of risk management are included in note 23.

Matched principal trade payables and deposits received for securities loaned are described in note 18.

In March 2009, the Company simplified its intra-Group lending and borrowing by netting amounts owed to or from subsidiaries.

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