| 27 November 2016 £m | 29 November 2015 £m |
---|
Trade payables | 95.2 | 63.6 |
Taxation and social security | 6.3 | 5.8 |
Accruals and other payables | 84.2 | 74.8 |
Deferred income | 19.9 | 20.2 |
| 205.6 | 164.4 |
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.