Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 24

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 24
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 £583.9 million as of 31 December 2024 and 2023, respectively. During 2024, 2023 and 2022, we recognised revenue of £485.3 million, £518.4 million and £545.2 million, respectively, that was included in our contract liability balance at 31 December 2023, 2022 and 2021, respectively. The current and long-term portions of our contract liabilities are included within other accrued and current liabilities and other long-term liabilities, respectively, on our consolidated balance sheets.

#### Contract Costs
Our aggregate assets associated with incremental costs to obtain and fulfil our contracts were £139.4 million and £153.5 million at 31 December 2024 and 2023, respectively. The current and long-term portions of our assets related to contract costs are included within other current assets and other assets, net, respectively, on our consolidated balance sheets. We amortised £179.1 million, £156.1 million and £102.0 million during 2024, 2023 and 2022, respectively, to operating costs and expenses related to these assets.

#### Unsatisfied Performance Obligations
Revenue from customers who are subject to contracts is generally recognised over the term of such contracts, which is typically one to three years for our mobile and fixed service contracts, one to five years for our B2B service contracts and one to six years for other contracts.

The total future revenue from the remaining terms of our contracts with customers for performance obligations not yet delivered to those customers was estimated to be £7,462.8 million, £6,942.3 million and £7,272.0 million at 31 December 2024, 2023 and 2022 , respectively.

<div align='center'>IV-23</div>

#### VMED O2 UK LIMITED

### Notes to Consolidated Financial Statements — (Continued)

#### 31 December 2024, 2023 and 2022
(5) Derivative Instruments

In general, we enter into derivative instruments to protect against (i) increases in the interest rates on our variable-rate debt and (ii) foreign currency movements, particularly with respect to borrowings that are denominated in a currency other than the functional currency of the borrowing entity. In this regard, we have entered into various derivative instruments to manage interest rate exposure and foreign currency exposure with respect to the U.S. dollar ( $ ) and the euro ( € ). Generally,