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

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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