MRM // 2021 Universal Registration Document

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General information on the issuer and its share capital Statutory Auditors’ report on the financial statements

Valuation of equity securities and associated receivables

Description of risk Equity securities are booked at their acquisition cost. The Company opted to include acquisition costs in the value of the securities. These acquisition costs are subject to an exceptional depreciation over a period of fve years. At 31 December 2021, the equity securities and associate current accounts are accounted for a net value of €71 million. After their acquisition, the equity securities are valued at their value in use, determined by the share of net position held, revalued according to the current value of the real estate assets they hold, and about its prospects. Real estate assets are appraised by independent appraisers at each closing. In this context, we considered that the valuation of equity securities, related receivables and related risk provisions to be a complex exercise of management estimation and judgement and was a key audit matter. How our audit addressed this risk We carried out the following procedures: • verifying the appropriateness of the valuation methods used by the management; • checking, by sampling, the elements quantifed in the estimation of the utility values and in particular the appraised value of properties carried by the companies; • appraising, by sampling, the recoverability of receivables related to the assessments carried out on the equity securities; • checking, if necessary, the level of depreciation withheld under the loss of value of equity securities and related receivables. Information given in the management report and in the other documents with respect to the financial position and the financial statements provided to shareholders We have no matters to report as to the fair presentation and the consistency with the fnancial statements of the information given in the management report of the Board of directors and in the other documents with respect to the fnancial position and the fnancial statements provided to the shareholders. In accordance with French law, we report to you that the information relating to payment times referred to in Article D.441-6 of the French Commercial Code ( Code de commerce ) is fairly presented and consistent with the fnancial statements. Report on corporate governance We attest that the Board of directors’ report on corporate governance sets out the information required by Articles L.225-37-4, L.22-10-10 and L.22-10-9 of the French Commercial Code ( Code de commerce ). Concerning the information given in accordance with the requirements of Article L. 22-10-9 of the French Commercial Code ( Code de commerce ) relating to remunerations and benefts received by the directors and any other commitments made in their favour, we have verifed its consistency with the fnancial statements, or with the underlying information used to prepare these fnancial statements and, where applicable, with the information obtained by your company from controlling and controlled companies. Based on these procedures, we attest the accuracy and fair presentation of this information. Specific Verifications We have also performed, in accordance with professional standards applicable in France, the specifc verifcations required by laws and regulations.

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT

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