b'Strategic report Governance Financial statementsConsolidated statement of changes in equityFor the year ended 31 March 2020Issued Other Share-basedshare Share distributable Retained paymentscapital premium reserve earnings reserve Total000 000 000 000 000 000(note 25) (note 26) (note 27)As at 1 April 2018 3 49,324 70,000 2,977 1,166 123,470Profit and total comprehensive income for the year2,6202,620Share-based payments charge 171 171Redemption of subsidiary undertaking preference shares(196)(196)As at 31 March 2019 3 49,324 70,000 5,401 1,337 126,065Loss and total comprehensive loss for the year(17,454)(17,454)Issue of share capital 1 34,19934,200Cost of share capital issued(1,879)(1,879)Share-based payments charge 528 528As at 31 March 2020 4 81,644 70,000 (12,053) 1,865 141,460Mercia Asset Management PLC 77Annual Report and Accounts 2020'