RSR Singular Assets Europe SOCIMI S A : 2022 Financial Statements

RSR SINGULAR ASSETS EUROPE SOCIMI, S.A.

(Single Shareholder Company)

2022 Management Report and Financial Statement

RSR SINGULAR ASSETS EUROPE SOCIMI, S.A.

BALANCE SHEET AT 31 December 2022

(Details expressed in euros)

ASSET	Notes	31	31
December 2022	December 2021
NON-CURRENT ASSET		128,421,603	106,215,894
Intangible fixed assets	5	269,051	338,551
Other intangible assets		269,051	338,551

Property, plant and equipment

Technical installations and other tangible assets

Real estate investments Land Constructions

Long-term investments in group companies and associates

Equity instruments

Loans to company

Long-term financial investments

Other financial assets

Deferred tax assets

6	1,277,315	1,583,889
	1,277,315	1,583,889
7	93,986,467	69,474,684
	34,950,290	34,950,290
	59,036,177	34,524,394
	31,843,481	33,773,481
9	14,118,481	14,038,481
10 a) and
17	17,725,000	19,735,000
10 a)	115,216	115,216
	115,216	115,216
14	930,073	930,073

CURRENT ASSET		7,754,064	4,918,196
Inventories		400,000	-
Advances to suppliers	10 a)	400,000	-
Trade debtors and other accounts receivables		1,575,289	1,949,945
Trade receivables for sales and services	10 a)	914,354	1,312,788
Sundry receivables	10 a)	622,158	637,050
Other loans with Public Authorities	14	38,777	107
Short-term investments in group companies and	10 a) and
associates	17	1,654,157	359,299
Other financial assets with group companies		664,157	359,299
Short-term loans to companies		990,000	-
Short-term financial investments	10 a)	72,857	56,856
Other financial assets		72,857	56,856
Cash and cash equivalents	11	4,051,761	2,552,095
Cash flow		4,051,761	2,552,095
TOTAL ASSETS		136,175,667	111,134,089

Notes 1 to 22 of the report form an integral part of the financial statement at 31 December 2022.

RSR SINGULAR ASSETS EUROPE SOCIMI, S.A.

BALANCE SHEET AT 31 DECEMBER 2022

(Details expressed in euros)

NET EQUITY AND LIABILITIES	Notes	31 December	31 December
2022	2021
NET EQUITY		55,872,184	31,825,495
OWN FUNDS		55,872,184	31,825,495
Capital	13	7,500,000	7,500,000
Authorised capital		7,500,000	7,500,000
Emission premium		3,500,000	3,500,000
Reserves		9,450,755	9,450,936
Legal and statutory	13	251,741	251,742
Other reserves		9,199,014	9,199,194
Income from previous financial years		-9,125,440	-7,743,595
Remainder		171,995	171,995
Losses carried over from previous financial years		-9,297,435	-7,915,590
Other shareholder contributions	13	45,700,000	20,500.00
Income from the financial year	3	-1,153,131	-1,381,846
NON-CURRENT LIABILITIES		76,133,307	75,866,860
Long-term debts		44,995,022	44,674,214
Debts with credit institutions	10b)	44,880,602	44,559,794
Other financial liabilities	10b)	114,420	114,420
Long-term debts with group companies and associates	10b) and
18	31,138,285	31,192,646
CURRENT LIABILITIES		4,170,176	3,441,734
Short-term debts	10b)	3,371,528	2,308,766
Debts with credit institutions		2,459,132	1,564,272
Other financial liabilities		912,396	744,494
Short-term debts with group companies and associates	10b)
and 18	631,911	914,528
Trade creditors and other payables		166,737	218,440
Suppliers	10b)	8,108	8,109
Misc. creditors	10b)	23,235	2,741
Staff (outstanding compensations due)	10b)	2,314	2,314
Other debts with Public Authorities	14	133,080	205,276
TOTAL LIABILITY AND NET EQUITY		136,175,667	111,134,089

Notes 1 to 22 of the report form an integral part of the financial statement at 31 December 2022.

RSR SINGULAR ASSETS EUROPE SOCIMI, S.A.

PROFIT AND LOSS ACCOUNT CORRESPONDING TO THE FINANCIAL YEAR

ENDING 31 DECEMBER 2022

(Details expressed in euros)

	Notes	1 January to 31	1 January to 31
	December 2022	December 2021
Net turnover amount	17 a)	4,607,861	4,208,165
Net sales		4,607,861	4,208,165
Provision of services		4,607,861	4,208,165
Personnel expenses		-25,487	-39,230
Wages, salaries and similar expenses		-19,375	-29,821
Social Security contributions		-6,112	-9,409
Other operating expenses	17b)	-1,646,982	-1,656,477
Outsourced services		-1,198,722	-1,330,907
Taxes		-327,629	-325,569
Losses, impairment and changes in trading provisions		-120,631	-
Depreciation of fixed assets	17 c)	-2,161,850	-2,154,926
Other income		5,893	1,632
OPERATING INCOME		779,434	359,164
Financial income	17 d)	663,828	358,969
From trade securities and other financial instruments		663,828	358,969
Financial expenses	17 d)	-2,596,394	-2,099,978
From debts with group companies and associates	18	-1,271,561	-781,353
From debts with third parties		-1,324,833	-1,318,625
FINANCIAL INCOME		-1,932,566	-1,741,009
PRE-TAX REVENUE		-1,153,131	-1,381,845
Income tax		-	-
INCOME FROM THE FINANCIAL YEAR	3	-1,153,131	-1,381,845

Notes 1 to 22 of the report form an integral part of the financial statement at 31 December 2022.

RSR SINGULAR ASSETS EUROPE SOCIMI, S.A.

STATEMENT OF CHANGES TO NET EQUITY CORRESPONDING TO THE FINANCIAL YEAR ENDED 31

DECEMBER 2022

1. RECOGNISED EXPENSES AND INCOME STATEMENT CORRESPONDING TO THE FINANCIAL YEAR ENDED 31 DECEMBER 2022

(Details expressed in euros)

	Notes	1 January to 31	1 January to 31
	December 2022	December 2021
Income from profit and loss account	3	-1,153,131	-1,381,845
Income and expenses charged directly to net equity		-	-
Total income and expenses charged directly to net equity		-	-
Transfers to profit and loss account		-	-
Total transfers to profit and loss account		-	-
TOTAL RECOGNISED INCOME AND EXPENSES		-1,153,131	-1,381,845
Notes 1 to 22 of the report form an integral part of the financial
statement at 31 December 2022.