b'80 Mercia Asset Management PLC Annual Report and Accounts 2021Consolidated statement of comprehensive incomeFor the year ended 31 March 2021Year ended Year ended31 March31 March2021 2020Note 000 000revenue 3 23,410 12,747Administrative expenses (16,554) (12,661)Realised gain on sale of direct investments 19 20,251 Fair value movements in direct investments 4 10,088 (15,844)Share-based payments charge 6 (543) (528)Amortisation of intangible assets 16 (2,317) (852)Movement in fair value of deferred consideration 24 (365) operating profit/(loss) before exceptional items 33,970 (17,138)Exceptional items 8(695)operating profit/(loss) 33,970 (17,833)Finance income 9 68 246Finance expense 10 (20) (26)Profit/(loss) before taxation 34,018 (17,613)Taxation 11 440 159Profit/(loss) and total comprehensive income/(loss) for the year 34,458 (17,454)Basic and diluted earnings/(loss) per ordinary share (pence) 12 7.83 (5.11)All results derive from continuing operations.The notes on pages 84 to 109 are an integral part of these financial statements.'