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

4.8 Other receivables

Accounting principles

Receivables and payables with deferred payments IAS 39 requires the discounting of any sums whose payment or receipt is deferred in a manner that deviates from standard practice. The amounts of these receivables or payables are discounted and a financial profit or loss recognised in the statement of comprehensive income over the deferred payment period. The discount rate applied is the one used to discount cash flows and capitalise rents for the purposes of property valuation by the independent appraiser. The only deferred payments recognised relate to guarantee deposits received from tenants. No receivables with deferred payments were recognised. As of 31 December 2019, the discount rate was 6.58%. Other receivables break down as follows:

12/31/2019

12/31/2018

Gross 2,408

Impairment

Net

Net

(in thousands of euros) Tax receivables (1) Other receivables (2)

- - - - - -

2,408

2,761

449 523 344

449 523 344

236

Funds deposited at third parties (3)

8

Letting fees (4)

339 576

Prepaid expenses

67

67

TOTAL OTHER RECEIVABLES

3,792

3,792

3,921

(1) This amount basically corresponds to a VAT credit to be carried forward. (2) This amount primarily consists of calls for funds issued to owners to pay for costs and works.

(3) This concerns a deposit account pledged to a bank. (4) Letting fees spread over the corresponding lease terms.

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT

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