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

Change in bank debts

Non-current debt

Current debt

(in thousands of euros)

NET BALANCE AT OPENING

74,444 42,837

- - - -

Increases (1)

Loan issue costs

-753

Decreases

-

Reclassification

-554

554 182 735

Discounting

-

NET BALANCE AT CLOSING

115,975

(1) The increases correspond to new loans taken out in 2022 as part of the acquisition of the Flins and Ollioules shopping centres, as well as drawdowns on credit lines dedicated to works.

All borrowings from credit institutions are at variable rates.

4.14 Other payables and accruals

Other liabilities break down as follows:

31/12/2022

31/12/2021

(in thousands of euros)

Advances and deposits received

146

3

Compagny liabilities

79

108

Tax liabilities (1)

1,422 1,126

1,586 1,081

Other liabilities (2) Deferred income

160

173

TOTAL OTHER LIABILITIES AND ADJUSTEMNT ACCOUNTS

2,933

2,950

(1) The tax liabilities concern essentially the collected VAT. (2) The other liabilities primarily consist of appeals for funds issued to tenants to pay for costs and works.

4.15 Fair value levels

Accounting principles

IFRS 13 – Fair Value Measurement requires fair value to be presented according to a hierarchy with quoted prices in active markets at the top (level 1) and unobservable inputs in active markets at the bottom. The three levels are as follows: • level 1: quoted prices in active markets for identical assets or liabilities; • level 2: observable inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; • level 3: unobservable inputs.

The Group does not have any liabilities measured at fair value.

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

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