Notes 11-20

18. Creditors : amounts falling due after one year

20152014
€’000€’000
Redeemable loan stock6,0896,534
Deferred taxation (i)1,5401,836
Deferred consideration on acquisitions1,3332,000
Option liability*3,352-
Bank loans (note 17)175,000135,000
187,314145,370
*The option liability relates to options to acquire the non-controlling interest in Group subsidaries.
(i) Deferred taxation arising from :
Accelerated capital allowances5,4732,406
Derivative financial instruments210190
Other timing differences(4,143)(760)
1,5401,836
Deferred tax liabilities are expected to reverse in greater than one year.