b'Annual Report & Accounts 2022 Mercia Asset Management PLC 75Consolidated statement of comprehensive incomeFor the year ended 31 March 2022Year ended Year ended 31 March 31 March2022 2021Note 000 000Revenue 3 23,183 23,410Administrative expenses 7 (17,857) (16,554)Realised gain on sale of direct investment 17 9,878 20,251Fair value movements in direct investments 4 11,385 10,088Share-based payments charge 6 (1,109) (543)Amortisation of intangible assets 14 (2,033) (2,317)Movement in fair value of deferred consideration 22 (522) (365)Operating profit 22,925 33,970Finance income 8 4,452 68Finance expense 9 (15) (20)Profit before taxation 27,362 34,018 Financial statementsTaxation 10 (1,262) 440Profit and total comprehensive income for the year 26,100 34,458Basic earnings per Ordinary share (pence) 11 5.93 7.83Diluted earnings per Ordinary share (pence) 11 5.82 7.83All results derive from continuing operations.The notes on pages 79 to 104 are an integral part of these financial statements.'