MRM - 2018 Registration document

3

General information on the issuer and its capital

Consolidated financial statements for the financial year ended 31 December 2018

1.3 Statement of consolidated cash flows

31/12/2018

31/12/2017

(in thousands of euros)

Cash flow CONSOLIDATED NET INCOME

-10,428 -4,628

Elimination of non-cash expenses and income Change in depreciation, impairment, provisions and deferred expenses

230

-337

Change in fair value of properties

Note 5.6

12,102

6,444

Change in fair value of financial instruments Discounting of receivables and payables

47

-

340

229

Net borrowing cost

Note 5.7 Note 5.5

1,493

1,899

Elimination of capital gains (losses)

110

25

Other items

-294

-127

CASH FLOW

3,598

3,505

Change in operating working capital Trade receivables

1,226

-1,105

Other receivables

-535

204

Trade payables

-48

-1,368

Other debts

164 807

440

CHANGE IN OPERATING WORKING CAPITAL

-1,829 1,676

CHANGE IN CASH FLOWS FROM OPERATING ACTIVITIES

4,405

Notes 4.4 and 4.5

Purchases of investment property

-14,541

-7,976

Sales of investment property

37,097

65

Change in debts payable against non-current assets

1,448

4

CHANGE IN CASH FLOWS FROM INVESTING ACTIVITIES

24,004 -7,907

Change in debt

Increase in bank debts Decrease in bank debts

3,409

16,384

Note 4.12 Note 4.12 Note 4.12

-2,901

-17,105

Repayment of loan taken out with a shareholder

-22,000

-

Change in other borrowings

-310

-183

Other changes

Dividends paid

-4,798

-4,802

Financial instruments

-59

-

Changes in cash collateral account Purchase/Disposal of treasury shares

-

2,600

-54

-21

Disbursed debt issue expenses

-

-246

Interest paid

-1,591

-2,037

CHANGE IN CASH FLOW FROM FINANCING ACTIVITIES

-28,305 -5,411

NET CHANGE IN CASH AND CASH EQUIVALENTS

104 -11,642

Opening cash and cash equivalents Closing cash and cash equivalents

13,352 13,456 13,409

24,994 13,352 13,304

Cash

Note 4.9 Note 4.9

Other cash items

47

48

CHANGE IN CASH POSITION

104 -11,642

M.R.M. 2018 REGISTRATION DOCUMENT

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