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21. Trade and other payables

US$ million 2008 2007
Trade payables 3,183 2,546
Tax and social security 74 115
Other payables(1) 1,162 868
Accruals and deferred income 351 421
  4,770 3,950
(1)
On 20 August 2008 Anglo Platinum received $307 million from a subsidiary of Mvelaphanda Resources Limited (Mvela) in respect of the anticipated disposal of a 50% interest in the Booysendal joint venture. These funds have been invested in accordance with the terms of sale and will only be released to Anglo Platinum upon ministerial approval. At 31 December 2008 an amount of $253 million is included within other payables representing the obligation to repay the funds failing the receipt of such approval.

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