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

Rents receivable under firm leases in the portfolio

12/31/2019

(in thousands of euros)

Less than 1 year

9,432

Between 1 and 5 years

18,046

Over 5 years

4,005

TOTAL FUTURE MINIMUM PAYMENTS

31,484

5.2 External property expenses not recovered

Expenses paid for (net of billing back) break down as follows:

12/31/2019

12/31/2018

(in thousands of euros)

Land tax and tax on offices and retail property

-1,351

-1,682

Large-scale maintenance expenses Rental and co-ownership expenses

-504

-573

-2,871

-3,418 -5,674 1,040 1,767

TOTAL EXTERNAL PROPERTY EXPENSES

-4,726

Rebilling of taxes

982

Rebilling of expenses

1,967

TOTAL REBILLING

2,949

2,807

TOTAL EXTERNAL PROPERTY EXPENSES NOT RECOVERED

-1,777

-2,867

5.3 Operating expenses

Overheads break down as follows:

12/31/2019

12/31/2018

(in thousands of euros)

-1,130

-1,141

Fees (1)

Bank charges

-26

-27

Other external purchases and expenses

-226 -145 -924

-290 -103 -894

Other taxes and duties

Employee benefits expense

TOTAL OPERATING EXPENSES

-2,452

-2,455

(1) The fees are primarily composed of management fees and legal fees.

5.4 Other operating income and expenses

Accounting principles

Other operating income and expenses correspond to unusual, abnormal or rare events as set out in paragraph 28 of the IASB Framework. They usually consist of transactional indemnities, which seldom occur in practice, paid to or received from tenants, and indemnities received from insurance providers in the event of a claim.

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT

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