MRM - 2018 Registration document

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General information on the issuer and its capital

Consolidated financial statements for the financial year ended 31 December 2018

The change in fair value of the interest rate cap over the period breaks down as follows:

31/12/2018

(in thousands of euros)

VALUE OF FINANCIAL INSTRUMENTS AT OPENING

-

Caps bought

59

Caps sold

-

Change in fair value

-47

VALUE OF FINANCIAL INSTRUMENTS AT CLOSING

12

Principal characteristics of financial instruments held

Notional amount (in thousands of euros)

Maturing under 1 year

Fair value (in thousands of euros)

Maturing in 1-5 years

Contract type

Maturity date

Benchmark rate

Strike rate

Maturing over 5 years

3-month Euribor

7,941

1.25%

12

x

20/12/2022

Cap

TOTAL

12

As of 31 December 2018, 85% of the Company’s bank loans were remunerated at fixed rates. A 100 basis point increase in interest rates would therefore have a €99 thousand impact on the Group’s financial expenses.

4.9 Cash and cash equivalents

Accounting principles

“Cash and cash equivalents” includes cash, sight bank accounts and other very liquid short-term investments with initial maturities of up to three months.

Marketable securities are classified as cash equivalents if they meet the criteria of maturity, liquidity and lack of volatility.

They are measured at fair value through profit and loss.

Cash and cash equivalents break down as follows:

31/12/2018

31/12/2017

(in thousands of euros)

Marketable securities

47

48

Cash

13,409

13,304

13,456

13,352

TOTAL CASH AND CASH EQUIVALENTS

4.10 Equity

Accounting principles

Treasury shares M.R.M. treasury shares are deducted from consolidated equity at their cost of acquisition. All transactions involving treasury shares are recognised directly in consolidated equity. Expenses related to the share capital increase According to IAS 32, expenses related to the issuance of equity instruments are recorded directly under equity. These are expenses directly attributable to the transaction, i.e. expenses that would not have been incurred had the transaction not taken place.

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M.R.M. 2018 REGISTRATION DOCUMENT