MRM // 2021 Universal Registration Document

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General information on the issuer and its share capital

Consolidated nancial statements for the nancial year ended 31 December 2021

5.2 External property expenses not recovered

Expenses paid for (net of billing back) break down as follows:

31/12/2021

31/12/2020

(in thousands of euros)

Land tax and tax on offices and retail property

-1,380

-1,317

Large-scale maintenance expenses Rental and co-ownership expenses

-668

-608

-2,928 -4,977 1,130

-2,815 -4,740 1,052

TOTAL EXTERNAL PROPERTY EXPENSES

Rebilling of taxes

Rebilling of upkeep and large-scale maintenance expenses

157

161

Rebilling of expenses

1,900

1,682

TOTAL REBILLING

3,188

2,895

TOTAL EXTERNAL PROPERTY EXPENSES NOT RECOVERED

-1,789

-1,845

5.3 Operating expenses

Overheads break down as follows:

31/12/2021

31/12/2020

(in thousands of euros)

-1,039

-949

Fees (1)

Bank charges

-71

-20

Other external purchases and expenses

-335

-223 -106 -964

Other taxes and duties

-90

Employee benefits expense

-933

TOTAL OPERATING EXPENSES

-2,468

-2,262

(1) The fees are primarily composed of management and legal fees.

5.4 Other operating income and expenses

Accounting principles

Other operating income and expenses correspond to unusual, abnormal or rare events as set out in paragraph 28 of the IASB Framework. They usually consist of transactional indemnities, which seldom occur in practice, paid to or received from tenants, and indemnities received from insurance providers in the event of a claim.

Other operating expenses amounted to €288 thousand and mainly consisted of losses on irrecoverable receivables, which were also subject to reversals of provisions.

Other operating income amounted to €182 thousand and mainly consisted of re-invoicing of works to tenants spread over the frm term of the leases.

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT

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