b'Mercia Asset Management PLC81Annual Report and Accounts 2021Consolidated balance sheetAs at 31 March 2021as at As at31 March 31 March2021 2020Note 000 000assetsnon-current assetsGoodwill 15 16,642 16,642Intangible assets 16 17,746 20,063Property, plant and equipment 17 107 125Right-of-use assets 18 456 598Investments 19 96,220 87,471total non-current assets 131,171 124,899current assetsTrade and other receivables 20 4,060 1,298Restricted cash 21 2,484 467Short-term liquidity investments 21 234 6,215Cash and cash equivalents 21 54,491 23,971total current assets 61,269 31,951total assets 192,440 156,850current liabilities Strategic report GovernanceTrade and other payables 22 (8,127) (4,805)Lease liabilities 23 (122) (118)Deferred consideration 24 (1,578) (1,736)total current liabilities (9,827) (6,659)non-current liabilitiesLease liabilities 23 (351) (473)Deferred consideration 24 (2,869) (4,446)Deferred taxation 25 (3,372) (3,812) Financial statementstotal non-current liabilities (6,592) (8,731)total liabilities (16,419) (15,390)net assets 176,021 141,460equityIssued share capital 26 4 4Share premium 27 81,644 81,644Other distributable reserve 28 69,560 70,000Retained earnings 22,405 (12,053)Share-based payments reserve 2,408 1,865total equity 176,021 141,460The notes on pages 84 to 109 are an integral part of these financial statements.The consolidated financial statements of Mercia Asset Management PLC, registered number 09223445, on pages 80 to 109 were approved by the Board of Directors and authorised for issue on 5 July 2021. They were signed on its behalf by:Dr Mark Payton Martin GlanfieldChief Executive OfficerChief Financial Officer'