b'96 Mercia Asset Management PLC Annual Report & Accounts 2022Notes to the consolidated financial statements continued17. Investments continuedAs at 31 March 2022, the Group held direct investments with an economic interest of 20% or more as follows:Interest held Net assets/(liabilities) Profit/(loss) Date of% 000 000 financial statementsImpression Technologies Limited 67.3 (251) (1,893) 31 December 2020Intechnica Group Limited 24.1 (2,630) (2,221) 31 March 2021LM Technologies 48.3 (248) (261) 31 December 2021Medherant Limited 33.1 (2,180) (2,337) 31 March 2021nDreams Limited 33.2 (1,210) (1,969) 31 March 2021Invincibles Studio Limited 1 39.0 (2,552) 137 31 October 2020sureCore Limited 22.0 (544) (707) 30 June 2021Ton UK Limited t/a Intelligent Positioning 29.9 3,497 (582) 31 December 2020VirtTrade Limited t/a Avid Games 40.6 (5,469) (1,293) 31 August 2021Warwick Acoustics Limited 40.0 4,301 (531) 30 September 2021As at 31 March 2021, the Group held direct investments with an economic interest of 20% or more as follows:Interest held Net assets/(liabilities) Profit/(loss) Date of% 000 000 financial statementsEdge Case Games Limited 21.2 1,912 (31) 30 September 2020Impression Technologies Limited 67.3 (251) (1,893) 31 December 2020Intechnica Group Limited 27.5 (397) (1,641) 31 March 2020LM Technologies 47.4 13 (506) 31 December 2020Medherant Limited 29.0 (2,180) (2,337) 31 March 2021nDreams Limited 35.4 (846) (1,243) 31 March 2020Nightingale-EOS Limited 25.3 1,014 (14) 31 July 2020Invincibles Studio Limited 1 39.0 (2,552) 137 31 October 2020sureCore Limited 22.0 163 (821) 30 June 2020Ton UK Limited t/a Intelligent Positioning 29.9 3,130 (237) 31 December 2019VirtTrade Limited t/a Avid Games 20.3 (4,113) (990) 31 August 2020Warwick Acoustics Limited 35.8 1,632 (1,614) 30 September 20201Formerly Soccer Manager Limited, prior to a change in registered name to Invincibles Studio Limited in March 202218. Trade and other receivablesAs at As at31 March 31 March2022 2021000 000Current:Trade and other receivables 666 599Less: expected credit loss allowance (318) (285)Net trade receivables 348 314Other receivables 193 67Prepayments and accrued income 533 3,6791,074 4,060The expected credit losses on trade receivables are estimated by reference to past default experience of the debtors and an analysis of the debtors current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast conditions at the reporting date. The Group has defined a default as the failure of a counterparty, including debtors, to discharge a contractual obligation or commitment into which it has entered with the Group.'