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

7.1 Income statement by segment

The main line items of the standalone income statement are as follows:

Consolidated income statement as of 31/12/2017

Head office

Office

Retail

Total

(in thousands of euros)

Gross rental revenues

2,183

9,011

- - -

11,194 -3,376

External property expenses not recovered

-1,217

-2,159

NET RENTAL REVENUES

966

6,853

7,819

Operating expenses

-119

-811

-1,832

-2,758

Reversals of provisions

372

582

22

976

Provisions

-41

-598

-

-639

Other operating income Other operating expenses

11

44

11

66

-473

-958

-62

-1,494

OPERATING INCOME BEFORE DISPOSALS AND CHANGE IN FAIR VALUE OF PROPERTIES

717

5,111

-1,858

3,969

Result on disposals of properties

-

-25

- -

-25

Change in fair value of investment properties

-4,655

-1,789 3,297 -1,497

-6,444

OPERATING PROFIT (LOSS)

-3,939

-1,858

-2,500 -1 899

Gross borrowing cost

-403

-

Consolidated income statement as of 31/12/2016

Head office

Office

Retail

Total

(in thousands of euros)

Gross rental revenues

4,105

8,887

- - -

12,992 -3,497

External property expenses not recovered

-2,005

-1,492

NET RENTAL REVENUES

2,100

7,395

9,495

Operating expenses

-674

-848

-1,688

-3,211

Reversals of provisions

-

148

- -

148

Provisions

-474

-465

-939

Other operating income Other operating expenses

418

245

6

669

-2

-44

-46

-92

OPERATING INCOME BEFORE DISPOSALS AND CHANGE IN FAIR VALUE OF PROPERTIES

1,368

6,430

-1,728

6,070

Result on disposals of properties

-2,839 1,230 -242 -576

-

- -

-2,839

Change in fair value of investment properties

3,061

4,291

OPERATING PROFIT (LOSS)

9,491 -1,340

-1,728

7,695 -1,916

Gross borrowing cost

-

M.R.M. 2017 REGISTRATION DOCUMENT

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