b'Strategic report Governance Financial statementsConsolidated balance sheetAs at 31 March 2020As at As at31 March 31 March2020 2019Note 000 000AssetsNon-current assetsGoodwill 14 16,642 10,328Intangible assets 15 20,063 584Property, plant and equipment 16 125 153Right-of-use assets 17 598 Investments 18 87,471 87,659Total non-current assets 124,899 98,724Current assetsTrade and other receivables 19 1,298 782Short-term liquidity investments 20 6,215 5,188Cash and cash equivalents 20 24,438 25,210Total current assets 31,951 31,180Total assets 156,850 129,904Current liabilitiesTrade and other payables 21 (4,805) (3,730)Lease liabilities 22 (118)Deferred consideration 23 (1,736) Total current liabilities (6,659) (3,730)Non-current liabilitiesLease liabilities 22 (473) Deferred consideration 23 (4,446) Deferred taxation 24 (3,812) (109)Total non-current liabilities (8,731) (109)Total liabilities (15,390) (3,839)Net assets 141,460 126,065EquityIssued share capital 25 4 3Share premium 26 81,644 49,324Other distributable reserve 27 70,000 70,000Retained earnings (12,053) 5,401Share-based payments reserve 1,865 1,337Total equity 141,460 126,065The notes on pages 78 to 100 are an integral part of these financial statements.The consolidated financial statements of Mercia Asset Management PLC, registered number 09223445, on pages 74 to 100 were approved by the Board of Directors and authorised for issue on 13 July 2020. They were signed on its behalf by:Dr Mark PaytonMartin GlanfieldChief Executive OfficerChief Financial OfficerMercia Asset Management PLC 75Annual Report and Accounts 2020'