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

Differences in the value of financial instruments between reporting dates are recognised in the income statement under “Change in fair value of financial instruments and marketable securities”. In the current context of rising interest rates, the fair value measurement of caps as of 31 December 2022 resulted in a positive change of €1,626 thousand. An analysis of the sensitivity of the Group’s financial expenses to a three-month Euribor increase of 100, 200, 300 or 400 basis points is presented in note 8.2 “Interest rate risk”.

The change in fair value of the interest rate cap over the period breaks down as follows:

31/12/2022

(in thousands of euros)

VALUE OF FINANCIAL INSTRUMENTS AT CLOSING

61

Caps bought

1,251 1,626 2,938

Change in fair value

VALUE OF FINANCIAL INSTRUMENTS AT CLOSING

Principal characteristics of financial instruments held

Maturing under 1 year

Fair value (in thousands of euros)

Notional (in thousands

Maturing in 1-5 years

Strike rate

Contract type

Maturity date

Maturing in over 5 years

of euros) Benchmark rate

cap cap cap cap cap cap cap cap

20/01/2024 20/01/2024

2,730 3-month Euribor 1.00% 4,970 3-month Euribor 1.00%

63

x x x x x x x x

115 605 242 313 384 568 647

20/01/2024 25,970 3-month Euribor 1.00% 22/01/2024 10,360 3-month Euribor 1.00% 22/01/2024 13,440 3-month Euribor 1.00%

16/11/2027

8,000 3-month Euribor 2.50%

16/11/2027 12,000 3-month Euribor 2.50% 16/11/2027 13,600 3-month Euribor 2.50%

TOTAL

2,938

4.10 Cash and cash equivalents

Accounting principles

“Cash and cash equivalents” includes cash, sight bank accounts and other very liquid short-term investments with initial maturities of up to three months.

Marketable securities are classified as cash equivalents if they meet the criteria of maturity, liquidity and lack of volatility.

They are measured at fair value through profit and loss.

Cash and cash equivalents break down as follows:

31/12/2022

31/12/2021

(in thousands of euros)

Marketable securities

-

47

Cash

10,014

9,652

TOTAL CASH AND CASH EQUIVALENTS

10,014

9,699

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

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