MRM - 2019 Universal Registration Document

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General information on the issuer and its share capital

Corporate financial statements for the financial year ended 31 December 2019

6. Receivables and payables Receivables and payables are stated at face value. As regards receivables, the risk of non-collection is assessed at each reporting date and an impairment loss recognised where the Net Asset Value falls below the carrying amount. Provisions The provisions are valued in accordance with the provisions of CRC Regulation No. 2000-06. Provisions have in particular been funded for the negative net equity of property holding companies owned, less provisions already recognised on the asset side on current accounts. Current and exceptional income Items stemming from ordinary activities, including those that are exceptional in terms of their frequency or amount, are included in current profit (loss). Only items not relating to the Company’s ordinary activities are recognised as exceptional items. 7. 8.

The current accounts in credit in M.R.M.’s books at the reporting date are classified as liabilities under “Loans and other borrowings”. At each reporting date, where the net equity of subsidiaries owned by the Company is negative, the current accounts are impaired up to the amount of the share of the net equity owned. Marketable securities and treasury shares The gross amount represents the acquisition cost excluding ancillary expenses. When the net asset value falls below the gross amount, the difference is impaired. The net asset value of treasury shares is based on the average share price over the month preceding the end of the reporting period. The gross amount of other long-term securities and investment securities represents the acquisition cost excluding ancillary expenses. 5.

Additional information relating to the balance sheet

3 BREAKDOWN OF NON-CURRENT ASSETS

Increases

Gross amount at opening

Revaluations

Acquisitions

(in euros)

Set-up and development costs

18,403

- - - - -

-

Other intangible assets

482,260

78,006

Other investments

63,605,541

- -

Other long-term investment securities

47,285

64,153,489

78,006

TOTAL

Decreases

Revaluations Original value at closing

Gross amount at closing

Line item Disposals

(in euros)

Set-up and development costs

- - - - -

-

18,403

- - - - -

Other intangible assets

560,266

-

Other investments

23,352,177

40,253,364

Other long-term investment securities

-

47,285

TOTAL

23,912,443 40,319,052

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT

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