v3.26.1
Contract liabilities (Tables)
12 Months Ended
Mar. 31, 2026
Contract liabilities [abstract]  
Summary of contract liabilities
2026
2025
£m
£m
Current
110
96
Non-current
2,699
2,418
2,809
2,514
Schedule of significant changes in contract assets and contract liabilities Significant changes in the contract liabilities balances during the period are as follows:
2026
2025
£m
£m
As at 1 April
2,514
2,246
Exchange adjustments
(28)
(28)
Revenue recognised that was included in the contract liability balance at the
beginning of the period
(97)
(129)
Increases due to cash received, excluding amounts recognised as revenue
during the period
420
425
At 31 March
2,809
2,514