MRM - 2019 Universal Registration Document

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General information on the issuer and its share capital

Consolidated financial statements for the financial year ended 31 December 2019

(€5,346,000), on the other. The €5,372,000 increase in bank debt corresponds to drawdowns on the aforementioned credit line. The €2,550,000 decrease in bank debt corresponds entirely to contractual amortisation. The dividend of €4,796,000 was paid out of the cash flow from operating activities and out of the proceeds of property disposals. As of 31 December 2019, the combined cash flows generated by the Group made for a year-on-year decrease of €1,190,000 in cash and cash equivalents.

In 2019, the Group generated €3,080,000 in cash flow from operating activities. Cash flow from operating activities served primarily to pay financial interest (€1,245,000). The investing activities, excluding property disposals, generated negative net cash flow of €6,343,000, the bulk of which related to works carried out on retail property assets (€7,946,000) within the framework of their value-enhancement programmes. These investments were partly financed by drawdowns (in the amount of €5,372,000) on a credit line facility set up to finance said property asset value-enhancement programmes, on the one hand, and by the proceeds on property disposals

1.4 Statement of changes in consolidated equity

Additional paid-in capital

Reserves and retained earnings

Profit (loss) for the period

Share capital

Treasury shares

Group equity

(in thousands of euros)

EQUITY AT 12/31/2017 Appropriation of 2017 profit

43,668 58,951

-105

25,064 -4,628 117,950

- -

- -

- -

-4,628 -4,798

4,628

-

-

-4,798

Dividend payout

Application of new accounting standard

- - -

- - -

-

-26

- -

-26 -51

Share buybacks

-51

- -

Profit (loss) for 2018

-

-10,428

-10,428

Other items of comprehensive income EQUITY AT 12/31/2018 Appropriation of 2018 profit Application of new accounting standard Free share allocation plan Disposal of treasury shares Dividend payout

-

-

-

-3

-

-3

43,668 53,951

-156

15,609 -10,428 102,644

- -

-

- -

-10,428

10,428

-

-4,398

-399

-

-4,796

- - - -

- - - -

- -

-3

- - -

-3

9

9

63

- -

63

Profit (loss) for 2019

-

3,157

3,157

Other items of comprehensive income

-

-

-

-13

-

-13

EQUITY AT 12/31/2019

43,668 49,553

-93

4,776

3,157 101,061

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT

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