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

The change in fair value of the interest rate cap over the period breaks down as follows:

12/31/2019

(in thousands of euros)

VALUE OF FINANCIAL INSTRUMENTS AT OPENING

12

Caps bought

- -

Caps sold

Change in fair value

-12

VALUE OF FINANCIAL INSTRUMENTS AT CLOSING

1

Principal characteristics of financial instruments held

Benchmark rate 3-month

Maturing under 1 year

Fair value (in thousands of euros)

Maturing in 1-5 years

Maturing over 5 years

Contract type

Maturity date

Notional amount (in thousands of euros)

Strike rate

3-month Euribor

1.25%

1

x

Cap

12/20/2022

7,523

TOTAL

1

As of 31 December 2019, 79.5% of the Company’s bank loans were contracted at fixed rates. A 100 basis point increase in interest rates would therefore have a €128,000 impact on the Group’s financial expenses.

4.10 Cash and cash equivalents

Accounting principles

“Cash and cash equivalents” includes cash, sight bank accounts and other very liquid short-term investments with initial maturities of up to three months.

Marketable securities are classified as cash equivalents if they meet the criteria of maturity, liquidity and lack of volatility.

They are measured at fair value through profit and loss.

Cash and cash equivalents break down as follows:

12/31/2019

12/31/2018

(in thousands of euros)

Marketable securities

47

47

Cash

12,218

13,409

12,266

13,456

TOTAL CASH AND CASH EQUIVALENTS

4.11 Equity

Accounting principles

Treasury shares M.R.M. treasury shares are deducted from consolidated equity at their cost of acquisition. All transactions involving treasury shares are recognised directly in consolidated equity. Expenses related to share capital increases According to IAS 32, expenses related to the issuance of equity instruments are recorded directly under equity. These are expenses directly attributable to the transaction, i.e. expenses that would not have been incurred had the transaction not taken place.

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT

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