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

4.15 Other liabilities and adjustment accounts

Other liabilities break down as follows:

12/31/2019

12/31/2018

(in thousands of euros)

Payments and accounts received

744

228

Company liabilities

47

80

Tax liabilities (1) Other debts (2)

1,020

708 598

423

TOTAL OTHER LIABILITIES AND ADJUSTMENT ACCOUNTS

2,234

1,615

(1) The tax liabilities concern essentially the collected VAT. (2) The other debts primarily consist of calls for funds issued to tenants to pay for costs and works.

4.16 Fair value measurement

Accounting principles

IFRS 13 - Fair Value Measurement - requires fair value to be presented according to a hierarchy with quoted prices in active markets at the top (level 1) and unobservable inputs in active markets at the bottom. The three levels are as follows: • level 1: quoted prices in active markets for identical assets or liabilities; • level 2: inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; • level 3: unobservable inputs.

The Group does not have any liabilities measured at fair value.

3 STATEMENT OF CONSOLIDATED FINANCIAL POSITION – ASSETS AS OF 12/31/2019

Level 1

Level 2

Level 3

Total

(in thousands of euros)

Investment properties

- - -

- -

167,890

167,890

Assets held for sale

180

180

Derivatives

1

- -

1

Marketable securities

47

-

47

3 STATEMENT OF CONSOLIDATED FINANCIAL POSITION – ASSETS AS OF 12/31/2018

Level 1

Level 2

Level 3

Total

(in thousands of euros)

Investment properties

- - -

- -

159,080

159,080

Assets held for sale

5,660

5,660

Derivatives

12

- -

12 47

Marketable securities

47

-

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