MRM_REGISTRATION_DOCUMENT_2017

3

General information on the issuer and its share capital

Consolidated financial statements for the year ended 31 December 2017

1.3 Statement of consolidated cash flows

31/12/2017

31/12/2016

(in thousands of euros)

Cash flow CONSOLIDATED PROFIT (LOSS)

-4,628

5,089

Elimination of non-cash expenses and income Change in depreciation, impairment, provisions and deferred expenses

-337

791

Change in fair value of properties

note 5.6

6,444

-4,291

Change in fair value of financial instruments Discounting of receivables and payables

-

2

229

516

Net borrowing cost

note 5.7 note 5.5

1,899

1,913 2,839

Elimination of capital gains (losses)

25

Other items

-127

-175

CASH FLOW

3,505

6,686

Change in operating working capital Trade receivables

-1,105

-165

Other receivables Trade payables

204

765 251

-1,368

Other liabilities

440

-450

CHANGE IN OPERATING WORKING CAPITAL CHANGE IN CASH FLOWS FROM OPERATING ACTIVITIES

-1,829

401

1,676 -7,976

7,086 -7,226 37,494

Purchases of investment property Sales of investment property

notes 4.4 and 4.5

65

Change in debts payable against non-current assets

4

-787

Establishment of a cash collateral account

-

-2,600

CHANGE IN CASH FLOWS FROM INVESTING ACTIVITIES

-7,907

26,880

Change in debt

Increase in bank debts Decrease in bank debts

note 4.12 note 4.12 note 4.12

16,384 -17,105

2,381

-39,071

Loan taken out with a shareholder

Change in other borrowings

-183

-338

Other changes

Dividends paid

-4,802 2,600

-4,362

Changes in cash collateral account Purchase/Disposal of treasury shares Disbursed debt issue expenses

-

-21

50

-246

-1,200 -1,865

Interest paid

-2,037

CHANGE IN CASH FLOW FROM FINANCING ACTIVITIES NET CHANGE IN CASH AND CASH EQUIVALENTS

-5,411 -11,642

-22,405 11,562

Opening cash and cash equivalents Closing cash and cash equivalents

24,994 13,352 13,304

13,433 24,994 24,938

Cash

note 4.9

Bank overdrafts Other cash items

-

-

note 4.9

48

57

CHANGE IN CASH POSITION

-11,642

11,562

M.R.M. 2017 REGISTRATION DOCUMENT

73