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

5.5 Gains (losses) on disposals of properties

The gains (losses) on the disposals of properties break down as follows:

Disposal of properties 31/12/2022

Disposal of properties 31/12/2021

(in thousands of euros)

Proceeds from disposals net of expenses Net book value of disposed properties

- - -

4,855

-4,380

INCOME FROM DISPOSAL OF PROPERTIES

475

5.6 Change in fair value of properties

31/12/2022

(in thousands of euros)

Opening net balance of properties

161,985

New consolidation scope/Acquisition of properties

84,297

Transfer taxes and costs

6,365 1,421

Works

Scrapping

-400

Closing net balance of properties

244,867

CHANGE IN FAIR VALUE

-8,801

The negative change in the fair value of properties for €8,801 thousand consists mainly of a technical loss of €6,365 thousand related to the recognition as expenses of the acquisition costs of the shopping centres in Flins-sur-Seine and Ollioules. See note 4.5 “Investment properties”.

5.7 Net borrowing cost

The net borrowing cost breaks down as follows:

31/12/2022

31/12/2021

(in thousands of euros)

Interest received

-

-

Interest and similar expenses NET BORROWING COST

-1,764

-1,205

-1,764

-1,205

5.8 Change in fair value of financial instruments and marketable securities Positive change in fair value from €1,626 thousand relates exclusively to the change in fair value of caps (See note 4.9 “Derivatives”).

5.9 Earnings per share The consolidated net earnings per share was €(1.57). It is calculated by dividing the consolidated figure by the average number of shares outstanding (excluding treasury shares) at closing, i.e. 2,278,900 shares in 2022. See note 4.11 “Information on the number of shares outstanding”.

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