The accounting classification of each class of the Group’s financial liabilities, together with their carrying values and market values, is as follows:
| 2017 | 2016 | |||||||||||||||||||||||||||||||||||||||||||
| Fair value | Amortised cost |
Fair value | Amortised cost |
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All figures in £ millions |
Notes | Derivatives held for trading |
Derivatives in hedge relationship |
Other liabilities |
Total carrying value |
Total market value |
Derivatives held for trading |
Derivatives in hedge relationship |
Other liabilities |
Total carrying value |
Total market value |
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|
Derivative financial liabilities |
16 | — | (140 | ) | — | (140 | ) | (140 | ) | (7 | ) | (257 | ) | — | (264 | ) | (264 | ) | ||||||||||||||||||||||||||
|
Trade payables |
24 | — | — | (265 | ) | (265 | ) | (265 | ) | — | — | (333 | ) | (333 | ) | (333 | ) | |||||||||||||||||||||||||||
|
Trade payables – within liabilities classified as held for sale |
— | — | (20 | ) | (20 | ) | (20 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||||
|
Liability to purchase own shares |
24 | — | — | (151 | ) | (151 | ) | (151 | ) | — | — | — | — | — | ||||||||||||||||||||||||||||||
|
Bank loans and overdrafts |
18 | — | — | (15 | ) | (15 | ) | (15 | ) | — | — | (39 | ) | (39 | ) | (39 | ) | |||||||||||||||||||||||||||
|
Other borrowings due within one year |
18 | — | — | (4 | ) | (4 | ) | (4 | ) | — | — | (5 | ) | (5 | ) | (5 | ) | |||||||||||||||||||||||||||
|
Borrowings due after more than one year |
18 | — | — | (1,066 | ) | (1,066 | ) | (1,070 | ) | — | — | (2,424 | ) | (2,424 | ) | (2,385 | ) | |||||||||||||||||||||||||||
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Total financial liabilities |
— | (140 | ) | (1,521 | ) | (1,661 | ) | (1,665 | ) | (7 | ) | (257 | ) | (2,801 | ) | (3,065 | ) | (3,026 | ) | |||||||||||||||||||||||||
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