23. CONTINGENT CONSIDERATION LIABILITIES
 
2021
R’m		 2020
R’m
Contingent consideration liabilities
Balance at 1 October 642  543 
Arising on acquisition of subsidiary 3  – 
Disposal of subsidiaries (9) – 
Paid during the year –  (74)
Fair value adjustment recognised in profit or loss –  37 
Unwinding of contingent consideration (included as part of finance cost) 62  66 
Effect of foreign currency movement (67) 70 
Balance at 30 September 631  642 
Included under non-current liabilities 631  631 
Included under current liabilities –  11 
631 642 

The largest contingent consideration payable (R626 million) relates to a potential amount payable to the previous owners of LMI (2020: R629 million). Refer 1.2.2.