Borrowings (Tables)

12 Months Ended

Mar. 31, 2020

Disclosure of detailed information about borrowings [abstract]

Schedule of borrowings

	2020	2019
	£m	£m
Current
Bank loans	1,244	641
Bonds	1,446	1,973
Commercial paper	1,269	1,792
Lease liabilities	112	65
Other loans	1	1
	4,072	4,472
Non-current
Bank loans	2,819	2,599
Bonds¹	23,094	21,278
Lease liabilities	623	205
Other loans	186	176
	26,722	24,258
Total borrowings	30,794	28,730

1. Includes a liability held at fair value through profit and loss of £741 million (2019: £667 million).

Total borrowings are repayable as follows:

	2020	2019
	£m	£m
Less than 1 year	4,072	4,472
In 1 to 2 years	2,212	2,393
In 2 to 3 years	1,664	1,990
In 3 to 4 years	757	1,553
In 4 to 5 years	2,122	714
More than 5 years:
By instalments	870	959
Other than by instalments	19,097	16,649
	30,794	28,730

Schedule of lease obligations

	2020		2019
	£m		£m
Gross lease liabilities are repayable as follows:
Less than 1 year	132		65
1 to 5 years	361		183
More than 5 years	481		62
	974		310
Less: finance charges allocated to future periods	(239	)	(40	)
	735		270
The present value of lease liabilities are as follows:
Less than 1 year	112		65
1 to 5 years	297		156
More than 5 years	326		49
	735		270