MRM // 2021 Universal Registration Document

3

General information on the issuer and its share capital

Consolidated nancial statements for the nancial year ended 31 December 2021

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

31/12/2021

(in thousands of euros)

VALUE OF FINANCIAL INSTRUMENTS AT OPENING

-

Caps bought

109

Change in fair value

-48

VALUE OF FINANCIAL INSTRUMENTS AT CLOSING

61

Principal characteristics of financial instruments held

Notional (in thousands of euros)

Fair value (in thousands of euros)

Maturing under 1 year

Maturing in 1-5 years

Maturing over 5 years

Contract type

Maturity date

Benchmark rate

Strike rate

3-month Euribor 3-month Euribor 3-month Euribor 3-month Euribor 3-month Euribor 3-month Euribor

Cap

20/12/2022

6,563

1.25%

-

x

Cap

20/01/2024

2,730

1.00%

3

x

Cap

20/01/2024

4,970

1.00%

6

x

Cap

20/01/2024

25,970

1.00%

29

x

Cap

22/01/2024

10,360

1.00%

10

x

Cap

22/01/2024

13,440

1.00%

13

x

TOTAL

61

As of 31 December 2021, all of the Group’s debt bore interest at variable rates. In view of a floor at 0% in a context of negative interest rates, an increase of 100 base in interest rates would have an impact of €341 thousand on the Group’s fnancial 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:

31/12/2021

31/12/2020

(in thousands of euros)

Marketable securities

47

47

Cash

9,652

10,166

TOTAL CASH AND CASH EQUIVALENTS

9,699

10,213

92

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT