b'Mercia Asset Management PLC117Annual Report and Accounts 2021The aggregate employee benefit expense (including Executive and Non-executive Directors) was:Year ended Year ended31 March 31 March2021 2020000 000Wages and salaries 1,040 950Social security costs 100 120Other pension costs (note 47) 53 581,193 1,128Information in respect of Directors emoluments, share options and pensions is given in the Remuneration Report on pages 68 to 72 of this Annual Report.47. Retirement benefit schemesThe Company contributes into the personal pension plans of all qualifying employees. The amount charged in the year to 31 March 2021 was 53,000 (2020: 58,000). As at 31 March 2021, no contribution payments were outstanding (2020: nil).48. Related parties Strategic report GovernanceThe Company has taken advantage of the exemption available to companies under FRS 101 not to disclose transactions and balances between members of the same group. Note 31 of the consolidated financial statements details the Groups related party transactions.49. Ultimate controlling partyThe Company has no single ultimate controlling party.50. Post balance sheet eventsThere have been no material events since the balance sheet date.Financial statements'