MRM - 2018 Registration document

3

General information on the issuer and its capital

Consolidated financial statements for the financial year ended 31 December 2018

4.14 Other liabilities

Other liabilities break down as follows:

31/12/2018

31/12/2017

(in thousands of euros)

Payments on accounts received

228

63

Company liabilities

80

140

Tax liabilities (1) Other debts (2)

708 598

1,027

210

TOTAL OTHER LIABILITIES AND ADJUSTMENT ACCOUNTS

1,615

1,439

(1) Tax liabilities concern essentially VAT collected. (2) Other debts concern essentially charges made to tenants.

4.15 Fair value measurement

Accounting principles

IFRS 13 on fair value measurement, in force since 1 January 2013, requires fair value to be presented according to a hierarchy with quoted prices in active markets at the top (level 1) and unobservable inputs in active markets at the bottom. The three levels are as follows: • level 1: quoted prices in active markets for identical assets or liabilities; • level 2: inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; • level 3: unobservable inputs.

The Group does not have any liabilities measured at fair value.

3 STATEMENT OF CONSOLIDATED FINANCIAL POSITION – ASSETS AS OF 31/12/2018

Level 1

Level 2

Level 3

Total

(in thousands of euros)

Investment properties

- - -

- -

159,080

159,080

Assets held for sale

5,660

5,660

Derivatives

12

- -

12 47

Marketable securities

47

-

3 STATEMENT OF CONSOLIDATED FINANCIAL POSITION – ASSETS AS OF 31/12/2017

Level 1

Level 2

Level 3

Total

(in thousands of euros)

Investment properties

- - -

- - - -

158,520

158,520

Assets held for sale

41,047

41,047

Derivatives

- -

-

Marketable securities

48

48

92

M.R.M. 2018 REGISTRATION DOCUMENT