MRM // 2022 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 2022

5.2 External property expenses not recovered

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

31/12/2022

31/12/2021

(in thousands of euros)

Rental and co-ownership expenses

-3,151 -1,425

-2,928 -1,380

Land taxes and taxes on offices and retail property Upkeep and large-scale maintenance expenses

-388

-668

TOTAL EXTERNAL PROPERTY EXPENSES

-4,964 1,492 1,140

-4,977 1,900 1,130

Rebilling of expenses

Rebilling of taxes

Rebilling of upkeep and large-scale maintenance expenses

274

157

TOTAL REBILLING

2,905

3,188

TOTAL EXTERNAL PROPERTY EXPENSES NOT RECOVERED

-2,059

-1,789

5.3 Operating expenses

Overheads break down as follows:

31/12/2022

31/12/2021

(in thousands of euros)

Fees (1)

-820

-1,039

Bank charges

-82

-71

Other external purchases and expenses

-368

-335

Other taxes and duties

-97

-90

Personnel costs

-1,038

-933

TOTAL OPERATING EXPENSES

-2,405

-2,468

(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 €1,225 thousand and mainly consisted of losses on irrecoverable receivables, which were also subject to reversals of provisions. Other operating income amounted to €110 thousand and mainly consisted of re-invoicing of works to tenants spread over the firm term of the leases.

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

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