Table:
| Payable in the year ending 31 March: | 2019 £m | 2018 £m |
| --- | --- | --- |
| 2019 | - | 600 |
| 2020 | 755 | 550 |
| 2021 | 641 | 513 |
| 2022 | 599 | 486 |
| 2023 | 555 | 463 |
| 2024 | 512 | 449 |
| Thereafter | 3,557 | 3,536 |
| Total future minimum operating lease payments | 6,619 | 6,597 |
Paragraphs:
Future minimum operating lease payments were as follows:
Operating lease commitments were mainly in respect of land and buildings which arose from a sale and operating leaseback transaction in 2001. Leases have an average term of 13 years (2017/18: 14 years) and rentals are fixed for an average of 13 years (2017/18: 14 years).
Other than as disclosed below, there were no contingent liabilities or guarantees at 31 March 2018 other than those arising in the ordinary course of the group’s business and on these no material losses are anticipated. We have insurance cover to certain limits for major risks on property and major claims in connection with legal liabilities arising in the course of our operations. Otherwise, the group generally carries its own risks.
Question:
What are the contingent liabilities or guarantees at 31 March 2018?
Answer: there were no contingent liabilities or guarantees at 31 March 2018