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
As of 31 December 2021, the “Impairment on trade receivables” item included €0.7 million of provisions reflecting the rent write-off that M.R.M. considered granting for the second lockdown period in 2020 and the lockdown period observed in 2021. f M.R.M. having finalised its discussions with tenants in 2022, there are therefore no longer any provisions in this respect in the financial statements as of 31 December 2022. See note 2.2 “Accounting treatment of support measures granted to tenants in the context of the health crisis”. The aged balance of trade receivables is as follows:
Overdue < 90 days
Overdue < 180 days
Overdue > 180 days
Total
(in thousands of euros)
TOTAL NET TRADE RECEIVABLES DUE
802
531
1,089
2,421
4.8 Other receivables
Accounting principles
Receivables and payables with deferred payments IAS 39 requires the discounting of any sums whose payment or receipt is deferred in a manner that deviates from standard practice. The amounts of these receivables or payables are discounted and a financial profit or loss recognised in the statement of comprehensive income over the deferred payment period. The discount rate applied is the one used to discount cash flows and capitalise rents for the purposes of property valuation by the independent appraisers.
The only deferred payments recognised relate to guarantee deposits received from tenants. No receivables with deferred payments were recognised. As of 31 December 2022, the discount rate used is the capitalisation rate used by the independent appraiser for each property
and ranges between 5.3% and 10.0%. Other receivables break down as follows:
31/12/2022
31/12/2021
Gross Depreciation
Net
Net
(in thousands of euros) Tax receivables (1) Other receivables (2)
1,530 1,717
- - - - - -
1,530 1,717
1,643 1,200
Funds deposited with third parties
48
48
62
Rental fees (3)
319 134
319 134
350
Prepaid expenses
75
TOTAL OTHER RECEIVABLES
3,749
3,749
3,331
(1) This amount basically corresponds to a VAT credit to be carried forward. (2) This amount primarily consists of appeals for funds issued to owners to pay for costs and works. (3) Rental fees spread over the corresponding lease terms.
M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT
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