16 Trade and other payables
|notes||30 June 2016||30 June 2015|
|Amounts due to current and retired members6||58,344||53,539|
|Taxes and social security||37,065||35,473|
|Payments on account||61,109||56,130|
|Other financial liabilities6||18||4,098||1,780|
Trade payables are normally settled on 30-day terms.
Amounts due to current and retired members are current account balances. Amounts drawn by current members as advances on the profit share are presented as prepayments.
Payables from related parties are included in trade payables and other payables. For further information regarding related parties reference is made to Note 25.
6) Reclassification in 2014/2015 for comparative purposes.