MRM // 2021 Universal Registration Document

3

General information on the issuer and its share capital Management report for the nancial year ended 31 December 2021

2.

Presentation of the annual financial statements – Profit (loss) for the past financial year

2.1 Separate financial statements The annual financial statements for the financial year ended 31 December 2021 (provided in Appendix 3 of this report), which we submit to you for approval, were drawn up according to the format and using the valuation methods prescribed by the rules and regulations in force. Presentation and valuation rules used were the same as for the previous financial year. M.R.M.’s business over the period was that of a holding company. Its 2021 earnings reflect: • revenue of €667 thousand (compared with €259 thousand in 2020); • other purchases and external expenses of €(769) thousand (compared with €(618) thousand in 2020); • taxes of €(38) thousand (compared with €(74) thousand in 2020); • employee benefts expense of €(885) thousand (compared with €(941) thousand in 2020); • a provision for depreciation of the current account of a subsidiary, for €(53) thousand; • other expenses of €(53) thousand, mainly corresponding to the annual remuneration allocated to the members of the Board of directors; • fnancial income of €3,756 thousand mainly corresponding to fnancial proft related to investments (income from current accounts) and a reversal of a provision for impairment of the securities of a subsidiary following the increase in the appraisal values of its buildings; • fnancial expenses of €(8) thousand, mainly corresponding to a provision for impairment of the shares of a subsidiary. Net income amounted to a proft of €2,622 thousand, compared with a loss of €11,465 thousand in 2020. At the end of the financial year total assets stood at €77,794 thousand, mostly made up of equity securities from directly or indirectly wholly owned subsidiaries, of current accounts between the Company and its subsidiaries, and of the Company’s cash assets. A table showing the Company’s results for the last five financial years is appended to this report in Appendix 1 in accordance with Article R.225-102 of the French Commercial Code.

2.2 Consolidated financial statements Pursuant to regulation (EC) No. 1606/2002 of 19 July 2002, M.R.M. group’s consolidated financial statements as of 31 December 2021 were prepared in accordance with the standards and interpretations applicable on that date as published by the International Accounting Standards Board (IASB), adopted by the European Union and in force at the date of issue of the fnancial statements by the Board of directors. The standards, amendments to standards and interpretations published by IASB and presented below are applicable for the financial years beginning as of 1 January 2021: • amendments to IFRS 9, IAS 39 and IFRS 7 - “Reform of Interbank Reference Rates (IBOR)” - Phase 2; • amendments to IFRS 16 - “Reductions in rents related to COVID-19 beyond 30 June 2021”; • amendments to IFRS 4; • IFRS IC Conclusions on the “Attribution of Benefts to Periods of Service” (IAS 19 - “Employee Benefts”); • IFRS IC Conclusions on “Cloud Application Implementation and Access Costs” (IAS 38 - “Intangible Assets”). These new amendments and interpretations did not have a material impact on the Group’s results and financial position. Standards, amendments and interpretations applicable as of 1 January 2021

Standards, amendments and interpretations for application published by the IASB and adopted

by the European Union: applicable early as of 1 January 2021 and mandatory as of 1 January 2022

• amendments to IAS 37 - “Costs to be taken into account in determining whether a contract is onerous”. These amendments specify the costs to be used when analysing onerous contract; • amendments to IFRS 3 - “Update of the conceptual framework references”; • annual improvements to IFRS -2018/2020 Cycle (IFRS 1, IFRS 9, IAS 41, IFRS 16); • amendment to IAS 16 - “Recognition of Revenue Generated Before Intended Use”; The Group did not apply any of these amendments early in the 2021 fnancial year.

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT

57

Made with FlippingBook. PDF to flipbook with ease