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Financial instruments (Tables) | 6 Months Ended
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Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract] |
Schedule of financial assets and liabilities measured at fair value | The group’s financial assets and liabilities measured at fair value are categorised as follows:
| 31 December 2022 | 30 June 2022 | 31 December 2021
| £ million | £ million | £ million
Derivative assets | 682 |  | 480 |  | 381 |
Derivative liabilities | (552) |  | (456) |  | (237) |
Valuation techniques based on observable market input (Level 2) | 130 |  | 24 |  | 144 |
Financial assets - other | 172 |  | 184 |  | 167 |
Financial liabilities - other | (575) |  | (587) |  | (483) |
Valuation techniques based on unobservable market input (Level 3) | (403) |  | (403) |  | (316) |
Schedule of movements in level 3 instruments | The movements in level 3 instruments, measured on a recurring basis, are as follows:
| Zacapa financial liability | Contingent consideration recognised on acquisition of businesses(1) | Zacapa financial liability | Contingent consideration recognised on acquisition of businesses(1)
| Six months ended 31 December 2022 | Six months ended 31 December 2022 | Six months ended 31 December 2021 | Six months ended 31 December 2021
| £ million | £ million | £ million | £ million
At the beginning of the period | (216) |  | (371) |  | (149) |  | (429) |
Net gains/(losses) included in the income statement | — |  | 12 |  | (7) |  | 18 |
Net (losses)/gains included in exchange in other comprehensive income | (2) |  | (2) |  | (4) |  | (9) |
Net losses included in retained earnings | (4) |  | — |  | (12) |  | — |
Acquisitions | — |  | (5) |  | — |  | — |
Settlement of liabilities | 5 |  | 8 |  | 3 |  | 106 |
At the end of the period | (217) |  | (358) |  | (169) |  | (314) |
(1) Included in the balance at 31 December 2022 is £145 million in respect of the acquisition of Aviation Gin and Davos Brands (2021 – £163 million), £60 million in respect of the acquisition of 21Seeds (2021 – £nil), and £57 million in respect of the acquisition of Lone River Ranch Water (2021 – £51 million).

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- Definition The disclosure of the fair value measurement of liabilities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The entire disclosure for financial instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Section Scope -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS07_g3-5A__IFRS07_g3-5A_TI -URIDate 2022-03-24 + Details
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