b'Notes to the Company financial statements continuedFor the year ended 31 March 202039. Investments in subsidiary undertakings continuedThe companies listed above have their registered offices at Forward House, 17 High Street, Henley-in-Arden, Warwickshire B95 5AA with the following exceptions:Enterprise Ventures Group Limited and its subsidiaries are registered at Unit F26, Preston Technology Management Centre, Marsh Lane, Preston, Lancashire PR1 8UQ40. Trade and other receivablesAs at As at31 March 31 March2020 2019000 000Amounts falling due within one year:Amounts due from subsidiary undertakings 270 Other debtors 76 108Prepayments and accrued income 184 191Current assets 530 299Amounts falling due after more than one year:Amounts due from subsidiary undertakings 91,000 74,500Non-current assets 91,000 74,500Amounts due from subsidiary undertakings are in respect of unsecured, interest-bearing loans. Interest is charged on the principal sum of the loans typically at a rate of 4% and is paid half yearly. The terms of the loans are such that the earliest date on which Mercia Asset Management PLC can recall a loan is five years from the loan agreement date.41. Trade and other payablesAs at As at31 March 31 March2020 2019000 000Trade payables 164 46Accruals and deferred income 894 3281,058 37442. Lease liabilitiesThe Company has recognised 702,000 of right-of-use assets and 702,000 of lease liabilities on transition to IFRS 16, Leases, with effect from 1 April 2019. As at 31 March 2020, the Company has no lease liabilities in respect of leases committed to but not yet commenced.The application of IFRS 16 is disclosed in more detail in notes 1 and 22 to the consolidated financial statements.The table below summarises the lease costs for the financial year ended 31 March 2020.000Depreciation expense 105Interest expense 25Low-value and short-term lease expense 16The maturity profile of the Companys IFRS 16 leases is set out in the table below.000Due within one year 117Due between two and five years 47359043. Issued share capital and share premiumThe movements in issued share capital and share premium are disclosed in notes 25 and 26 to the consolidated financial statements.44. Other distributable reserveThe movements in other distributable reserve are disclosed in note 27 to the consolidated financial statements.106 Mercia Asset Management PLCAnnual Report and Accounts 2020'