- Definition

The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]

+ References + Details

Trade and other receivables - Schedule of receivables by geographical area (Details) - GBP (£) £ in Millions	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Disclosure of financial assets [line items]
Trade receivables	£ 4,332	£ 3,052
Accrued income	885	1,126
Trade receivables and accrued income, net	2,827	3,149
UK
Disclosure of financial assets [line items]
Trade receivables and accrued income, net	496	862
US
Disclosure of financial assets [line items]
Trade receivables and accrued income, net	2,331	2,287
Gross carrying amount
Disclosure of financial assets [line items]
Accrued income	885	1,126
Gross carrying amount \| UK
Disclosure of financial assets [line items]
Accrued income	337	650
Gross carrying amount \| US
Disclosure of financial assets [line items]
Accrued income	548	476
Trade receivables \| Gross carrying amount
Disclosure of financial assets [line items]
Trade receivables	2,501	2,583
Trade receivables \| Gross carrying amount \| UK
Disclosure of financial assets [line items]
Trade receivables	162	223
Trade receivables \| Gross carrying amount \| US
Disclosure of financial assets [line items]
Trade receivables	2,339	2,360
Trade receivables \| Accumulated impairment
Disclosure of financial assets [line items]
Trade receivables	(559)	(560)	£ (741)
Trade receivables \| Accumulated impairment \| UK
Disclosure of financial assets [line items]
Trade receivables	(3)	(11)
Trade receivables \| Accumulated impairment \| US
Disclosure of financial assets [line items]
Trade receivables	£ (556)	£ (549)