Contract liabilities

12 Months Ended

Mar. 31, 2020

Contract liabilities primarily relate to the advance consideration received from customers for construction contracts, mainly in relation to connections, for which revenue is recognised over the life of the asset.



	2020	2019
	£m	£m
Current	76	61
Non-current	1,082	933
	1,158	994

Significant changes in the contract liabilities balances during the period are as follows:



	2020		2019
	£m		£m
As at 1 April	994		866
Exchange adjustments	39		29
Revenue recognised that was included in the contract liability balance at the beginning of the period	(60	)	(51	)
Increases due to cash received, excluding amounts recognised as revenue during the period	185		155
Changes due to amounts recognised as revenue	—		(5	)
At 31 March	1,158		994