MRM - 2018 Registration document

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General information on the issuer and its capital Management report for the year ended 31 December 2018

5.

Information on payment terms for the Company’s suppliers and customers

As of 31 December 2018, the Company’s trade payables totalled €31 thousand excluding tax, i.e. 4.8% of purchases excluding tax for the year.

Outstanding in

31 to 60 days

61 to 90 days

Over 90 days

Trade payables excluding VAT Number of invoices concerned (A)

0 day 1 to 30 days

Total

10

Total net billings

- - - -

€15,760

- - - -

- - - -

€15,271 €31,032 2.36% 4.80%

% of annual net purchases

2.44%

Number of invoices excluded (1) Total amount of invoices excluded

- -

- -

- -

Terms of payment used to calculate payment delays

Contractual terms of payment: 30 days end of the month Legal terms of payment: 30 days end of the month

(1) Excluded from (A) and relating to contentious or unstated payables.

As of 31 December 2018, all of the Company’s trade receivables concerned doubtful debts which were thus excluded from the calculation. These receivables were transferred by two subsidiaries that have since been dissolved without liquidation via the complete transfer of all assets and liabilities to M.R.M.

Outstanding in

31 to 60 days

61 to 90 days

Over 90 days

Trade receivables excluding VAT Number of invoices concerned (B)

0 day 1 to 30 days

Total

- - -

Total net billings

- - - -

- - - -

- - - -

- - - -

- -

% of annual net revenue excl. tax Number of invoices excluded (1) Total amount of invoices excluded

6

6

€41,568 €41,568

Terms of payment used to calculate payment delays

Contractual terms of payment: 30 days end of the month Legal terms of payment: 30 days end of the month

(1) Excluded from (B) and relating to contentious or unstated receivables.

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M.R.M. 2018 REGISTRATION DOCUMENT