MRM_REGISTRATION_DOCUMENT_2017
3
General information on the issuer and its share capital
Consolidated financial statements for the year ended 31 December 2017
5.5 Result on disposals of properties
Gains (losses) on the disposal of assets break down as follows:
Disposal of property
Disposal of property
31/12/2017
31/12/2016
(in thousands of euros)
Sales proceeds net of expenses Net book value of disposed assets
65
37,494
-90
-40,333 -2,839
RESULT ON DISPOSALS OF PROPERTIES
-25
5.6 Change in fair value of properties
31/12/2017
(in thousands of euros)
OPENING NET BALANCE OF PROPERTIES
197,847
Acquisitions
1,826 6,150
Works
Reclassification of rent-free periods
278
Change in fair value
-6,444
Asset disposals
-90
CLOSING NET BALANCE OF PROPERTIES
199,567
5.7 Net borrowing cost
Net borrowing cost breaks down as follows:
31/12/2017
31/12/2016
(in thousands of euros)
Interest received
-
2
Interest and similar expenses NET BORROWING COST
-1,899
-1,916
-1,899
-1,913
5.8 Change in fair value of financial instruments and marketable securities There was no change in the fair value of financial instruments and marketable securities over the period.
5.9 Earnings per share Consolidated net earnings per share at €(0.11) is calculated by dividing consolidated profit (loss) by the number of shares outstanding (excluding treasury shares) at closing, i.e. 43,632,801 shares as of 31 December 2017. See “Information on the number of shares outstanding” under note 4.10 “Equity” above.
Note 6
Tax
6.1 Group tax status Since 2008, M.R.M. has been registered as an SIIC (real estate investment trust) with a scope covering all the Group’s entities.
SIIC status grants tax exemption on: • Profits from the letting of buildings and the subletting of buildings under a property leasing;
M.R.M. 2017 REGISTRATION DOCUMENT
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