MRM - 2019 Universal Registration Document

3

General information on the issuer and its share capital

Consolidated financial statements for the financial year ended 31 December 2019

Consolidated income statement as of 12/31/2018

Office

Retail

Head office

Total

(in thousands of euros)

Gross rental income

785

8,746

- - -

9,531

-752

-2,115

-2,867

External property expenses not recovered

NET RENTAL INCOME

34

6,630

6,664

Operating expenses

-114

-706

-1,634

-2,455

Reversals of provisions and impairment

29

269

315

612

Provisions and impairment Other operating income Other operating expenses

-239

-602

-1

-842

57

47

33

136

-63

-43

-347

-453

OPERATING INCOME BEFORE DISPOSALS AND CHANGE IN FAIR VALUE OF PROPERTIES

-296 -110

5,594

-1,635

3,663

Result on disposals of properties Change in fair value of properties

-

- -

-110

-13,981 -8,387

-12,102 -8,549

1,879

OPERATING INCOME Gross borrowing cost

1,472

-1,635

-218

-1,264

-10

-1,493

7.2 Statement of financial position by segment

The main line items in the statement of financial position are as follows:

Statement of consolidated financial position – Assets as of 12/31/2019

Office

Retail

Head office

Total

(in thousands of euros)

Investment properties

- - -

167,890

- -

167,890

Assets held for sale

180

180

4,341

7,925

12,266

Cash and cash equivalents

Statement of consolidated financial position – Liabilities as of 12/31/2019

Office

Retail

Head office

Total

(in thousands of euros)

Non-current bank debts

- - -

74,701

- - -

74,701

2,446 4,916

2,446 4,916

Current bank debts

Debts payable against non-current assets

Statement of consolidated financial position – Assets as of 12/31/2018

Office

Retail

Head office

Total

(in thousands of euros)

Investment properties

-

159,080

- -

159,080

5,660

Assets held for sale

5,430

230

Cash and cash equivalents

182

2,317

10,956

13,456

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT

93