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

The change in fair value of the interest rate cap over the period breaks down as follows:

12/31/2020

(in thousands of euros)

VALUE OF FINANCIAL INSTRUMENTS AT OPENING

1

Caps bought

- -

Caps sold

Change in fair value

-1

VALUE OF FINANCIAL INSTRUMENTS AT CLOSING

-

Principal characteristics of financial instruments held

Maturing in 1-5 years

Notional (in thousands of euros)

Fair value (in thousands of euros)

Maturing under 1 year

Maturing over 5 years

Contract type

Maturity date

Benchmark rate

Strike rate

3-month Euribor

Cap

12/20/2022

7,062

1.25%

-

x

TOTAL

-

As of 31 December 2020, 91% of the Company’s bank loans were contracted at fixed rates. A 100 basis point increase in interest rates would therefore have a limited €42 thousand impact on the Group’s financial expenses.

4.10 Cash and cash equivalents

Accounting principles

“Cash and cash equivalents” includes cash, sight bank accounts and other very liquid short-term investments with initial maturities of up to three months.

Marketable securities are classified as cash equivalents if they meet the criteria of maturity, liquidity and lack of volatility.

They are measured at fair value through profit and loss.

Cash and cash equivalents break down as follows:

12/31/2020

12/31/2019

(in thousands of euros)

Marketable securities

47

47

Cash

10,166

12,218

TOTAL CASH AND CASH EQUIVALENTS

10,213

12,266

4.11 Equity

Accounting principles

Treasury shares M.R.M. treasury shares are deducted from consolidated equity at their cost of acquisition. All transactions involving treasury shares are recognised directly in consolidated equity. Expenses related to share capital increases According to IAS 32, expenses related to the issuance of equity instruments are recorded directly under equity. These are expenses directly attributable to the transaction, i.e. expenses that would not have been incurred had the transaction not taken place.

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

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