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

Rents receivable under firm leases in the portfolio

31/12/2018

(in thousands of euros)

Less than 1 year

8,719

Between 1 and 5 years

13,760

Over 5 years

2,630

TOTAL FUTURE MINIMUM PAYMENTS

25,108

5.2 External property expenses not recovered

Expenses paid for (net of billing back) break down as follows:

31/12/2018

31/12/2017

(in thousands of euros)

Land tax and tax on offices and retail property

-1,682

-2,053

Large-scale maintenance expenses Rental and co-ownership expenses

-573

-514

-3,418 -5,674 1,040 1,767 2,807 -2,867

-4,691 -7,258 1,355 2,527 3,882 -3,376

TOTAL EXTERNAL PROPERTY EXPENSES

Rebilling of taxes

Rebilling of expenses

TOTAL REBILLING

TOTAL EXTERNAL PROPERTY EXPENSES NOT RECOVERED

5.3 Operating expenses

Overheads break down as follows:

31/12/2018

31/12/2017

(in thousands of euros)

-1,141

-1,301

Fees (1)

Bank charges

-27

-38

Other external purchases and expenses

-290 -103 -894

-259 -126

Other taxes and duties

Employee benefits expense

-1,034

TOTAL OPERATING EXPENSES

-2,455

-2,758

(1) Fees are primarily composed of management fees and legal fees.

5.4 Other operating income and expenses

Accounting principles

Other operating income and expenses correspond to unusual, abnormal or rare events as set out in paragraph 28 of the IASB Framework. They usually consist of transactional indemnities, which seldom occur in practice, paid to or received from tenants, and indemnities received from insurance providers in the event of a claim.

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M.R.M. 2018 REGISTRATION DOCUMENT