MRM // 2022 Universal Registration Document
3
General information on the issuer and its share capital
Consolidated financial statements for the financial year ended 31 December 2022
On 16 November 2022, the Group acquired two shopping centres in Flins-sur-Seine and Ollioules (See note 1.2 “Highlights of the period”). The consolidated income statement as of 31 December 2022 therefore includes 1.5 months of activity for these assets. Here is their contribution:
Acquisitions
(in thousands of euros)
Gross rental income
700
External property expenses not recovered
-44
NET RENTAL INCOME
656 -62
Operating expenses
Reversals of provisions and impairment
-
Depreciation and amortisation expenses, impairment and provisions
-21
Other operating income Other operating expenses
- -
OPERATING INCOME BEFORE DISPOSALS AND CHANGE IN FAIR VALUE OF PROPERTIES
573
Change in fair value of properties
-6,365
OPERATING INCOME Gross borrowing cost
-5,792
-220
Change in fair value of financial instruments and marketable securities
348
Discounting of payables and receivables
84
NET FINANCIAL INCOME (EXPENSE)
212
PROFIT (LOSS) BEFORE TAX
-5,580
Income tax expense
-
PROFIT (LOSS) FOR THE PERIOD
-5,580
The negative change in the fair value of properties of €6,365 thousand is a purely technical loss related to the recognition of acquisition costs as expenses. In fact, at their acquisition date, the properties were recorded at their acquisition cost, corresponding to the purchase price plus transfer taxes and ancillary costs (for a total of €6,365 thousand), and at the end of the financial year, they
are valued at their fair value, corresponding to their purchase price excluding transfer taxes. The difference between the initial cost of the properties at the date of acquisition and their fair value excluding transfer taxes at the end of the financial year is recorded in the income statement under “Change in fair value of properties”.
M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT
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