Fair value of financial instruments (Tables)

6 Months Ended

Sep. 30, 2020

Fair value of financial instruments

Schedule of financial instruments held at fair value

	30 September	31 March
	2020	2020
	€m	€m
Financial assets at fair value:
Money market funds (included within Cash and cash equivalents)1	4,735	9,135
Debt and equity securities (included within Other investments)2	6,009	5,226
Derivative financial instruments (included within Trade and other receivables)2	4,815	9,176
Trade receivables at fair value through Other comprehensive income (included within Trade and other receivables)2	1,030	817
	16,589	24,354
Financial liabilities at fair value:
Derivative financial instruments (included within Trade and other payables)2	5,444	4,767
	5,444	4,767

Notes:

1. Items are measured at fair value and the valuation basis is Level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets.

2. Quoted debt and equity securities of €3,411 million (31 March 2020: €2,698 million) are Level 1 classification which comprises items where fair value is determined by unadjusted quoted prices in active markets. All balances other than quoted securities are Level 2 classification which comprises items where fair value is determined from inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly.