MRM_REGISTRATION_DOCUMENT_2017

3

General information on the issuer and its share capital Management report for the year ended 31 December 2017

As part of the French antiterrorist plan ( plan Vigipirate ) and the French government’s declaration of a state of emergency at year-end 2015, security and vigilance were reinforced in shopping centres and in the Nova high-rise office property in La Garenne-Colombes. Improving security in the parking decks of our shopping centres and office properties is also at the core of our concerns: installing a spherical mirror at the parking entrance, reviewing signage and directions of traffic circulation, putting signage

in place on the floor to guide visitors, marking the edges of traffic lanes, putting up speed bumps and plastic markers, and installing automatic defibrillators are just some of the measures taken at Carré-Vélizy in Vélizy and Sud Canal in Montigny-le-Bretonneux. Because of its activity in France as a real estate company, the Company does not believe that the section on human rights initiatives apply to it.

5.

Information on payment terms for the Company’s suppliers and customers

As of 31 December 2017, the Company’s trade payables totalled €15 thousand excluding tax, i.e. 2% of purchases excluding tax for the year.

Trade payables excluding VAT

Outstanding in:

31 to 60 days

61 to 90 days

Over 90 days

0 day 1 to 30 days

Total

Number of invoices concerned (A)

15

Total net billings

- -

€32

- -

- -

€13,981

€14,522

% of annual net purchases

0%

2%

2%

Number of invoices excluded (1)

-

-

-

-

-

-

Total amount of invoices excluded Terms of payment used to calculate payment delay

-

-

-

-

-

-

Contractual terms of payment: 30 days end of the month Legal terms of payment: 30 days end of the month

(1) Excluded from (A) and relating to contentious or unstated payables.

As of 31 December 2017, all of the Company’s trade receivables concerned doubtful debts which were thus excluded from the calculation. These receivables were transferred by two subsidiaries that have since been dissolved without liquidation via the complete transfer of all assets and liabilities to M.R.M. As a percentage of net revenue, this amount was insignificant in 2017.

Trade receivables excluding VAT

Outstanding in:

31 to 60 days

61 to 90 days

Over 90 days

0 day 1 to 30 days

Total

Number of invoices concerned (A) Total net billings % of annual net revenue Number of invoices excluded (1) Total amount of invoices excluded Terms of payment used to calculate payment delay

-

-

-

-

-

-

-

-

-

-

10

10

-

-

-

-

€435,462 €435,462

Contractual terms of payment: 30 days end of the month Legal terms of payment: 30 days end of the month

(1) Excluded from (B) and relating to contentious or unstated receivables.

M.R.M. 2017 REGISTRATION DOCUMENT

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