b'Annual Report & Accounts 2022 Mercia Asset Management PLC 11139. Trade and other receivablesAs at As at31 March 31 March2022 2021000 000Amounts falling due within one year:Amounts due from subsidiary undertakings 24,656 Other debtors 61 55Prepayments and accrued income 260 208Current assets 24,977 263Amounts falling due after more than one year:Amounts due from subsidiary undertakings 50,500 80,000Non-current assets 50,500 80,000Financial statementsAmounts 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.40. Trade and other payablesAs at As at31 March 31 March2022 2021000 000Trade payables 160 Amounts due from subsidiary undertakings 251 138Accruals and deferred income 715 712Other payables 22 1,148 85041. Lease liabilitiesThe Company has no lease liabilities in respect of leases committed to but not yet commenced.The table below summarises the lease costs charged to the income statement during the current and prior years:Year ended Year ended31 March 31 March2022 2021000 000Depreciation expense 141 142Interest expense 14 20Short-term lease expense 71 60Low-value lease expense 7 29The maturity profile of the Companys leases accounted for under IFRS 16 are set out in the table below:As at As at31 March 31 March2022 2021000 000Due within one year 127 122Due between one and five years 222 351349 473The undiscounted lease liability due within one year is 135,000 (2021: 135,000), and 231,000 (2021: 367,000) between one and five years.'