b'112 Mercia Asset Management PLC Annual Report & Accounts 2022Notes to the Company financial statements continued42. Issued share capital and share premiumThe movements in issued share capital and share premium are disclosed in notes 24 and 25 to the consolidated financial statements.43. Other distributable reserveThe movements in other distributable reserve are disclosed in note 26 to the consolidated financial statements.44. Directors emoluments and employee informationThe average monthly number of persons (including Executive and Non-executive Directors) employed by the Company during the year was:Year ended Year ended31 March 31 March2022 2021Number NumberCentral functions 10 10Central functions comprise senior management (including Executive and Non-executive Directors), finance, compliance, legal, administration, people and talent and marketing.The aggregate employee benefit expense (including Executive and Non-executive Directors) was:Year ended Year ended31 March 31 March2022 2021000 000Wages and salaries 1,060 1,040Social security costs 119 100Other pension costs (note 45) 50 531,229 1,193Information in respect of Directors emoluments, share options and pensions is given in the Remuneration Report on pages 63 to 67 of this Annual Report.45. Retirement benefit schemesThe Company contributes into the personal pension plans of all qualifying employees. The amount charged in the year to 31 March 2022 was 50,000 (2021: 53,000). As at 31 March 2022, no contribution payments were outstanding (2021: nil).46. Related partiesThe 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 29 of the consolidated financial statements details the Groups related party transactions.47. Ultimate controlling partyThe Company has no single ultimate controlling party.48. Post balance sheet eventsThere have been no material events since 31 March 2022.'