MRM_REGISTRATION_DOCUMENT_2017

3

General information on the issuer and its share capital

Consolidated financial statements for the year ended 31 December 2017

1.2 Statement of consolidated comprehensive income

3 CONSOLIDATED INCOME STATEMENT

31/12/2017

31/12/2016

(in thousands of euros)

Gross rental revenues

note 5.1 note 5.2

11,194 -3,376

12,992 -3,497

External property expenses not recovered

NET RENTAL REVENUES

7,819

9,495

Operating expenses

note 5.3

-2,758

-3,211

Reversals of provisions

976

148

Provisions

-639

-939

Other operating income Other operating expenses

note 5.4 note 5.4

66

669

-1,494

-92

OPERATING INCOME BEFORE DISPOSALS AND CHANGE IN FAIR VALUE OF PROPERTIES

3,969

6,070

Result on disposals of properties

note 5.5 note 5.6

-25

-2,839 4,291 7,521 -1,916

Change in fair value of investment properties

-6,444 -2,500 -1,899

OPERATING PROFIT (LOSS)

Gross borrowing cost

note 5.7 note 5.7

Income from cash and cash equivalents

-

2

Change in fair value of financial instruments and marketable securities

-

-2

Discounting of payables and receivables

-229

-516

FINANCIAL PROFIT (LOSS)

-2,128 -4,628

-2,431

NET PROFIT (LOSS) BEFORE TAX

5,089

Tax expense

-

-

PROFIT (LOSS) FOR THE PERIOD

-4,628

5,089

Profit (loss) for the period attributable to non-controlling interests Profit (loss) for the period attributable to owners of the parent company

-

-

-4,628

5,089

Net earnings per share (in euros)

-0.11 -0.11

0.12 0.12

Diluted net earnings per share (in euros)

3 CONSOLIDATED COMPREHENSIVE INCOME

31/12/2017

31/12/2016

(in thousands of euros)

PROFIT (LOSS) FOR THE PERIOD

-4,628

5,089

Items that can be reclassified as profit (loss) for the period Profits and losses related to the disposal of equity instruments Items that cannot be reclassified as profit (loss) for the period

-

-

6 6 6

6 6 6

OTHER ITEMS OF COMPREHENSIVE INCOME

Tax expense related to other items of comprehensive income

-

-

COMPREHENSIVE INCOME

-4,622

5,095

Comprehensive income for the period attributable to non-controlling interests Comprehensive income for the period attributable to owners of the parent company

-

-

-4,622

5,095

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M.R.M. 2017 REGISTRATION DOCUMENT