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Commitments
12 Months Ended
Mar. 31, 2021
Commitments  
Commitments

 28. Commitments 

A commitment is a contractual obligation to make a payment in the future, mainly in relation to agreements to buy assets such as mobile devices, network infrastructure and IT systems and leases that have not commenced. These amounts are not recorded in the consolidated statement of financial position since we have not yet received the goods or services from the supplier. The amounts below are the minimum amounts that we are committed to pay.

 

Capital commitments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Company and subsidiaries

    

Share of joint operations

    

Group

 

 

2021

 

2020

 

2021

 

2020

 

2021

 

2020

 

 

€m

 

€m

 

€m

 

€m

 

€m

 

€m

Contracts placed for future capital expenditure not provided in the financial statements1

 

3,993

 

3,046

 

133

 

103

 

4,126

 

3,149

 

Note:

1

Commitment includes contracts placed for property, plant and equipment and intangible assets.

Leases entered into by the Group but not commenced at 31 March 2021 are disclosed in note 20.