MRM_REGISTRATION_DOCUMENT_2017
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General information on the issuer and its share capital
Consolidated financial statements for the year ended 31 December 2017
Rents receivable under firm leases in the portfolio
31/12/2017
(in thousands of euros)
Future minimum payment amounts Less than 1 year
10,257 16,997
Between 1 and 5 years
Over 5 years
3,047
TOTAL FUTURE PAYMENTS
30,301
5.2 External property expenses not recovered
Expenses paid for (net of billing back) break down as follows:
31/12/2017
31/12/2016
(in thousands of euros)
Land tax and tax on offices and retail property
698 514
836
Maintenance expenses
75
Rental and co-ownership expenses
2,164
2,586
TOTAL EXTERNAL PROPERTY EXPENSES NOT RECOVERED
3,376
3,497
5.3 Operating expenses
Overheads break down as follows:
31/12/2017
31/12/2016
(in thousands of euros)
Fees (1)
1,301
1,801
Bank charges
38
41
Other external purchases and expenses
259 126
402 110 857
Other taxes and duties
Employee benefits expense
1,034
TOTAL OPERATING EXPENSES
2,758
3,211
(1) Fees are primarily composed of management fees and legal fees.
5.4 Other operating income and expenses
Accounting principles Other operating income and expenses correspond to unusual, abnormal or rare events as set out in paragraph 28 of the IASB Framework. They usually consist of transactional indemnities, which seldom occur in practice, paid to or received from tenants, and indemnities received from insurance providers in the event of a claim.
In 2017, other operating income amounted to €66 thousand and primarily consisted of an insurance payout of €44 thousand. Other operating expenses amounted to €1,494 thousand and primarily consisted of losses on receivables written off
of €517 thousand, transfer taxes on the Urban property plus interest on arrears for a total of €469 thousand, claims paid to tenants of €444 thousand and directors’ fees of €46 thousand.
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M.R.M. 2017 REGISTRATION DOCUMENT
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