NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 14       2014 R’000   2013 R’000   14. TRADE AND OTHER PAYABLES   2 702 789   2 221 412     Accruals   69 103   109 524     Employee benefits   32 269   29 304     Sundry creditors   14 299   13 756     Deferred revenue   16 343   9 905     Contingent consideration   22 607   3 030     VAT   5 850   5 455     Payables to related parties (refer to note 28)   5 816   836         2 869 076   2 393 222     Less: Amounts included in current portion of trade and other payables   (2 818 898)   (2 393 222)         50 178   —     Trade payables are discounted at a discount rate of 9% per annum (2013: 8% per annum) based on average creditors’ days outstanding. NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 14