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

Right-of-use assets break down as follows:

31/12/2022

31/12/2021

Gross

Amort.

Net

Net

(in thousands of euros)

Right-of-use assets - Immovable assets

276

243

33

63

TOTAL RIGHT-OF-USE ASSETS

276

243

33

63

A lease liability of €34 thousand was also recorded in the balance sheet. In 2022, rental expenses of €33 thousand were deleted while amortisation charge of €32 thousand and interest expenses of less than €1 thousand were recorded under rights-of-use.

4.4 Property, plant and equipment

Accounting principles

Cost of acquisition of property, plant and equipment Items with determinable costs and for which it is likely that the future economic benefits will flow to the Group are recognised as non-current assets. Property, plant and equipment are recognised at cost less cumulative depreciation and impairment. Where components of property, plant and equipment have different useful lives, they are recognised as separate property, plant and equipment.

Depreciation of property, plant and equipment Non-current assets are depreciated over their useful lives.

Depreciation is recognised as an expense on a straight-line basis over the estimated useful life of each item of property, plant and equipment.

Impairment of property, plant and equipment When events or new circumstances result in indications of impairment, impairment tests are carried out. The asset’s net carrying amount is compared with its recoverable amount. If the recoverable amount is lower than the net carrying amount of the assets, an impairment charge is recognised.

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

85