MRM - 2020 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 2020

In 2020, the Group generated €3,582 thousand in cash ow from operating activities. Cash ow from operating activities served primarily to pay financial interest of €1,236 thousand. The investing activities, excluding property disposals, generated negative net cash ow of €(4,501) thousand, the bulk of which related to works carried out on retail property assets within the framework of their value-enhancement programmes. These investments were partially fnanced by drawdowns (for a total of +€891 thousand) on a credit line intended to fnance said value-enhancement programmes, and, for the

remainder, by equity. The €891 thousand increase in bank debt corresponds to drawdowns on the aforementioned credit line. The decrease in debts due to credit institutions of €(1,375) thousand corresponds to contractual repayments of €(1,182) thousand and to an early repayment related to a property disposal of €(193) thousand. As of 31 December 2020, the combined cash ows generated by the Group produced a year-on-year decrease of €2,053 thousand in cash and cash equivalents.

1.4 Statement of changes in consolidated equity

Reserves and retained earnings

Pro t (loss) for the period

Additional paid-in capital

Group equity

Treasury shares

Share capital

(in thousands of euros)

EQUITY AT 12/31/2018 Appropriation of 2018 profit

43,668 53,951

-156 15,609 -10,428 102,644

- - - - - - -

-

- - - -

-10,428 10,428

-

Dividend payout

-4,398

-399

- - - -

-4,796

Application of new accounting standard

- - - - -

-3

-3

Free share allocation plan Disposal of treasury shares

9

9

63

- -

63

Profit (loss) for 2019

- -

3,157

3,157

Other items of comprehensive income

-13

-

-13

EQUITY AT 12/31/2019 Appropriation of 2019 profit Free share allocation plan

43,668 49,553

-93 4,776 3,157 101,061

- -

- -

- -

3,157

-3,157

-

23 44

- - -

23

Reclassification

-44

-

Disposal of treasury shares

- -

- -

8

- -

8

Profit (loss) for 2020

-

-7,173

-7,173

Other items of comprehensive income

-30

-30

EQUITY AT 12/31/2020

43,668 49,510

-85 7,969 -7,173 93,888

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M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT