MRM_REGISTRATION_DOCUMENT_2017

3

General information on the issuer and its share capital

Consolidated financial statements for the year ended 31 December 2017

4.14 Other liabilities

Other liabilities break down as follows:

31/12/2017

31/12/2016

(in thousands of euros)

Payments on accounts received

63

41

Company liabilities

140

116 774 123

1,027

Tax liabilities (1) Other debts (2)

210

TOTAL OTHER LIABILITIES

1,439

1,055

(1) Tax liabilities concern essentially VAT collected. (2) Other debts concern essentially charges made to tenants.

4.15 Fair value measurement

Accounting principles IFRS 13 on fair value measurement, in force since 1 January 2013, 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: 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.

3 STATEMENT OF CONSOLIDATED FINANCIAL POSITION – ASSETS AS OF 12/31/2017

Level 1

Level 2

Level 3

Total

(in thousands of euros)

Investment properties

- - -

- - - -

158,520

158,520

Assets held for sale

41,047

41,047

Derivatives

- -

-

Marketable securities

48

48

3 STATEMENT OF CONSOLIDATED FINANCIAL POSITION – ASSETS AS OF 12/31/2016

Level 1

Level 2

Level 3

Total

(in thousands of euros)

Investment properties

- - -

- - - -

152,800

152,800

Assets held for sale

45,047

45,047

Derivatives

- -

-

Marketable securities

57

57

94

M.R.M. 2017 REGISTRATION DOCUMENT