Merlin Properties SOCIMI S A : Financial report - Consolidated Financial Statements June 2022

MERLIN PROPERTIES SOCIMI, S..A. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 30 JUNE 2022

(Thousands of Euros)

	Notes to the
ASSETS	Financial
Statements
NON-CURRENT ASSETS:
Other intangible assets	Note 5
Property, plant and equipment	Note 5
Investment property	Note 6
Investments accounted for using the equity method	Note 7
Non-current financial assets-	Note 8
Derivatives
Other financial assets
Deferred tax assets
Total non-current assets

30-06-2022	31-12-2021	EQUITY AND LIABILITIES
		EQUITY:
1.705	1.594	Share capital
6.562	9.160	Share premium
10.802.797	12.297.257	Reserves
494.654	482.784	Other shareholder contributions
187.294	359..791	Valuation adjustments

• 167.080 Treasury shares

187.294	192..711	Interim dividend
79.818	83.808	Profit/(Loss) for the year attributable to the Parent
11.572.830	13.234.394	Equity attributable to the Parent

Notes to the

Financial

Statements

Note 9

30-06-202231-12-2021

469.771 469.771

3.541.379 3.647.876

3.024.274 2.566.276

540540

• (67.420)

(17.310) (32.305)

• (70.033)
  491.645 512.217

7.510.299 7.026.922

CURRENT ASSETS:
Inventories
Trade and other receivables	Note 8
Other current financial assets	Note 8
Other current assets
Cash and cash equivalents
Total current assets
TOTAL ASSETS

		NON-CURRENT LIABILITIES:
		Debt instruments and other marketable securities	Note 10
		Long-teamterm bank borrowings	Note 10
		Other financial liabilities	Note 11
		Deferred tax liabilities	Note 11
		Provisions	Note 11
		Total non-current liabilities
		CURRENT LIABILITIES:
		Debt instruments and other marketable securities	Note 10
37.923	38.697	Bank borrowings	Note 10
34.534	39.625	Other current financial liabilities	Note 11
83.646	82.919	Trade and other payables	Note 12
12.744	10.481	Current income tax liabilities
843.003	866.721	Other current liabilities	Note 11
1.011.850	1.038.443	Total current liabilities
12.584.680	14.272.837	TOTAL LIABILITIES AND EQUITY

3.277.347 4.017.570

105.145 1.641.139

148.023 158.353

619.121 681.013

10.336 11.210

4.159.972 6.509.285

780.136 588.155

2.296 14.853

6.626 7.864

97.809 114.155

3.523 3.935

24.019 7.668

914.409 736.630

12.584.680 14.272.837

The accompanying explanatory notes 1 to 17 are an integral part of the condensed consolidated statement of financial position at 30 June 2022.

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MERLIN PROPERTIES SOCIMI, S.A. AND SUBSIDIARIES

CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE

SIX--MONTH PERIOD ENDED 30 JUNE 2022

(Thousands of Euros)

	Notes to the Financial
	Statements	30-06-2022	30-06--20212021(*)
CONTINUING OPERATIONS:
Revenue	Notes 4 and 13.a	213.939	179.453
Other operating income		1.565	2.929
Staff costs	Note 13.c	(19.114)	(20.494)
Other operating expenses	Note 13.b	(34.671)	(32.956)
Profit/(loss) from disposals of non-current assets	Note 6	5.678	(2.288)
Depreciation and amortisation charge	Note 5	(878)	(767)
Excessive provisions		(384)	1.614
Change Inin fair value of investment properties	Note 6	122.298	45.224
PROFIT/(LOSS) FROM OPERATIONS		288.433	172.715
Change Inin the fair value of financial instruments-		32.928	3.073
Finance income		989	1.676
Finance expenses		(60.289)	(55.496)
Profit/(loss) from disposals of financial instruments		(1)	(219)
Share of results of companies accounted for using the equity method	Note 7	16.494	14.774
PROFIT/(LOSS) BEFORE TAX		278.554	136.523
Income tax		(8.640)	640
PROFIT/(LOSS) FOR THE YEAR FROM CONTINUING OPERATIONS		269.914	137.163
DISCONTINUED OPERATIONS
Profit/(loss) for the year from discontinued operations net of tax	Note 3	221.731	53.173
PROFIT/(LOSS) FOR THE YEAR		491.645	190.336
Attributable to shareholders of the Parent		491.645	190.336
Attributable to non-controlling interests		-	-
PROFIT/(LOSS) PER SHARE FROM CONTINUING OPERATIONS (In(in euros)
Basic		0,58	0,29
Diluted		0,58	0,29
PROFIT/(LOSS) PER SHARE FROM DISCONTINUED OPERATIONS (In(in euros)
Basic		0,47	0,11
Diluted		0,47	0,11

(*) Restated financial statements

The accompanying explanatory Notes 1 to 17 are an integral part otof the condensed consolidated income statement fortor the six-month

period ended 30 June 2022.

MERLIN PROPERTIES SOCIMI, S.A. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX--MONTH PERIOD ENDED 30 JUNE 2022

(Thousands of Euros)

	Notes to the Financial
	Statements	30-06-2022	30-06--20212021(*)
PROFIT/(LOSS) FOR THE YEAR FROM CONTINUING OPERATIONS		269.914	137.163
PROFIT/(LOSS) FOR THE YEAR FROM DISCONTINUED OPERATIONS		221.731	53.173
PROFIT/(LOSS) PER INCOME STATEMENT		491.645	190.336
OTHER COMPREHENSIVE INCOME:
Income and expense recognised directly in equity-
Cash flowow hedges	Note 9.6	90.577	15.261
OTHER COMPREHENSIVE INCOME RECOGNISED DIRECTLY IN EQUITY		90.577	15.261
Transfers to the income statement-
By hedging instruments		(23.157)	4.768
TOTAL TRANSFERS TO THE INCOME STATEMENT	Note 9.6	(23.157)	4.768
TOTAL COMPREHENSIVE PROFIT/(LOSS)		559.065	210.365
Attributable to shareholders of the Parent due to continuing operations		269.914	157.192
Attributable to shareholders of the Parent due to discontinued operations		289.151	53.173
Attributable to shareholders of the Parent		559.065	210.365
Attributable to non-controlling interests		-	-

(*) Restated financial statements

The accompanying explanatory Notes 1 to 17 are an integral part of the condensed consolidated statement of comprehensive income for

the six--month period ended 30 June 2022.

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