b'76 Mercia Asset Management PLC Annual Report & Accounts 2022Consolidated statement of financial positionAs at 31 March 2022As at As at31 March 31 March2022 2021Note 000 000AssetsNon-current assetsGoodwill 13 16,642 16,642Intangible assets 14 15,713 17,746Property, plant and equipment 15 113 107Right-of-use assets 16 417 456Investments 17 119,558 96,220Total non-current assets 152,443 131,171Current assetsTrade and other receivables 18 1,074 4,060Restricted cash 192,484Short-term liquidity investments 19 5,235 234Cash and cash equivalents 19 56,049 54,491Total current assets 62,358 61,269Total assets 214,801 192,440Current liabilitiesTrade and other payables 20 (6,963) (8,127)Lease liabilities 21 (157) (122)Deferred consideration 22 (2,869) (1,578)Total current liabilities (9,989) (9,827)Non-current liabilitiesLease liabilities 21 (295) (351)Deferred consideration 22(2,869)Deferred taxation 23 (3,928) (3,372)Total non-current liabilities (4,223) (6,592)Total liabilities (14,212) (16,419)Net assets 200,589 176,021EquityIssued share capital 24 4 4Share premium 25 81,644 81,644Other distributable reserve 26 66,919 69,560Retained earnings 48,505 22,405Share-based payments reserve 3,517 2,408Total equity 200,589 176,021The notes on pages 79 to 104 are an integral part of these financial statements.The consolidated financial statements of Mercia Asset Management PLC, registered number 09223445, on pages 75 to 104 were approved by the Board of Directors and authorised for issue on 4 July 2022. They were signed on its behalf by:Dr Mark Payton Martin GlanfieldChief Executive OfficerChief Financial Officer'