MRM - 2020 Universal Registration Document

3

General information on the issuer and its share capital

Consolidated financial statements for the financial year ended 31 December 2020

The aged balance of trade receivables is as follows:

Overdue < 90 days

Overdue < 180 days

Overdue > 180 days

Total

(in thousands of euros)

TOTAL NET TRADE RECEIVABLES DUE

762

582

507

1,851

4.8 Other receivables

Accounting principles

Receivables and payables with deferred payments IAS 39 requires the discounting of any sums whose payment or receipt is deferred in a manner that deviates from standard practice. The amounts of these receivables or payables are discounted and a financial profit or loss recognised in the statement of comprehensive income over the deferred payment period. The discount rate applied is the one used to discount cash ows and capitalise rents for the purposes of property valuation by the independent appraiser. The only deferred payments recognised relate to guarantee deposits received from tenants. No receivables with deferred payments were recognised. As of 31 December 2020, the discount rate was 6.77%. Other receivables break down as follows:

12/31/2020

12/31/2019

Gross 1,828 1,439

Impairment

Net

Net

(in thousands of euros) Tax receivables (1) Other receivables (2)

- - - - - -

1,828 1,439

2,408

449 523 344

Funds deposited with third parties (3)

637 372

637 372

Letting fees (4)

Prepaid expenses

56

56

67

TOTAL OTHER RECEIVABLES

4,333

4,333

3,792

(1) This amount basically corresponds to a VAT credit to be carried forward. (2) This amount primarily consists of calls for funds issued to owners to pay for costs and works.

(3) This concerns a deposit account pledged to a bank. (4) Letting fees spread over the corresponding lease terms.

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

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