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Accrued expenses and other liabilities
12 Months Ended
Mar. 31, 2025
Accrued expenses and other liabilities  
Accrued expenses and other liabilities

10.         Accrued expenses and other liabilities

At March 31, 

    

2025

    

2024

    

2023

 

€M

 

€M

 

€M

Accruals

 

1,953.5

 

1,603.1

 

1,276.6

Indirect tax and duties

 

793.7

 

725.5

 

720.4

Unearned revenue (contract liabilities)

 

3,432.2

 

2,899.0

 

2,786.5

 

6,179.4

 

5,227.6

 

4,783.5

Contract liabilities comprise:

At March 31, 

    

2025

    

2024

    

2023

€M

€M

€M

Opening contract liabilities

2,899.0

2,786.5

1,554.2

Revenue deferred during the year

13,637.4

12,840.8

11,343.0

Revenue recognized during the year

(13,104.2)

(12,728.3)

(10,110.7)

Closing contract liabilities

3,432.2

2,899.0

2,786.5

Indirect tax and duties comprise:

At March 31, 

    

2025

    

2024

    

2023

 

€M

 

€M

 

€M

PAYE (payroll taxes)

 

39.4

 

31.6

 

22.5

Other tax (principally air passenger duty in various countries)

 

754.3

 

693.9

 

697.9

 

793.7

 

725.5

 

720.4

Creditors for tax and social insurance are payable in the timeframe set out in the relevant legislation.