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

Other operating expenses amounted to €453 thousand and primarily consisted of losses on receivables written off in the amount of €390 thousand, which were subject to a reversal of provisions.

In 2018, other operating income amounted to €136 thousand for the most part related to the payment of accounts payable in the amount of €109 thousand.

5.5 Result on disposals of properties

Gains (losses) on the disposal of assets break down as follows:

Disposal of property 31/12/2018

Disposal of property 31/12/2017

(in thousands of euros)

Sales proceeds net of expenses Net book value of disposed assets

37,097

65

-37,207

-90

RESULT ON DISPOSALS OF PROPERTIES

-110

-25

5.6 Change in fair value of properties

31/12/2018

(in thousands of euros)

Opening net balance of properties

199,567 -37,207

Asset disposals

Works

14,541

-59

Reclassification of rent-free periods Closing net balance of properties

164,740 -12,102

CHANGE IN FAIR VALUE

5.7 Net borrowing cost

Net borrowing cost breaks down as follows:

31/12/2018

31/12/2017

(in thousands of euros)

Interest received

-

-

Interest and similar expenses NET BORROWING COST

-1,493

-1,899

-1,493

-1,899

5.8 Change in fair value of financial instruments and marketable securities The €47 thousand decrease in the fair value of financial instruments and marketable securities over the period was due exclusively to the change in the fair value of a cap (see Note 4.8). 5.9 Earnings per share The consolidated net loss per share at €0.24 is calculated by dividing the consolidated loss by the number of shares outstanding (excluding treasury shares) at closing, i.e. 43,597,305 shares as of 31 December 2018. See Note 4.10 “Information on the number of shares outstanding”.

M.R.M. 2018 REGISTRATION DOCUMENT

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