MRM - 2019 Universal Registration Document

3

General information on the issuer and its share capital

Consolidated financial statements for the financial year ended 31 December 2019

1.3 Statement of consolidated cash flows

12/31/2019 12/31/2018

(in thousands of euros)

Cash flow: CONSOLIDATED NET INCOME

3,157 -10,428

Elimination of non-cash expenses and income Change in depreciation, impairment, provisions and deferred expenses

1,773

230

Change in fair value of properties

Note 5.6

-814

12,102

Change in fair value of financial instruments Discounting of receivables and payables

12

47

202

340

Net borrowing cost

Note 5.7 Note 5.5

1,232

1,493

Elimination of capital gains (losses)

84

110

Other items

-141

-294

CASH FLOW

5,504

3,598

Change in operating working capital Trade receivables

-2,910

1,226

Other receivables

218

-535

Trade payables

-352

-48

Other debts

620

164

CHANGE IN OPERATING WORKING CAPITAL

-2,424

807

CHANGE IN CASH FLOW FROM OPERATIONS

3,080 -7,946 5,346 1,603

4,405

Purchases of investment property

Notes 4.4 & 4.5

-14,541

Sales of investment property

37,097

Change in debts payable against non-current assets

1,448

CHANGE IN CASH FLOW FROM INVESTING ACTIVITIES

-997

24,004

Change in debt

Increase in bank debts Decrease in bank debts

5,372

3,409

Note 4.12 Note 4.12 Note 4.12

-2,550

-2,901

Repayment of loan granted by a shareholder

-

-22,000

Change in other borrowings

-104

-310

Other changes

Dividends paid

-4,796

-4,798

Financial instruments

-

-59 -54

Purchase/Disposal of treasury shares

50

Disbursed debt issue expenses

-

-

Interest paid

-1,245

-1,591

CHANGE IN CASH FLOW FROM FINANCING ACTIVITIES

-3,273 -28,305

NET CHANGE IN CASH AND CASH EQUIVALENTS

-1,190 13,456 12,266

104

Opening cash and cash equivalents Closing cash and cash equivalents

13,352 13,456 13,409

Cash

Note 4.9 Note 4.9

12,218

Other cash items

47

47

CHANGE IN CASH POSITION

-1,190

104

66

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT