MERLIN Properties Annual Report 2024

MERLIN Properties | 41 € million Notes Investment property 7 10,865.5 Equity method (1) 9 570.1 Non current financial assets (2) 10 94.0 Non-current assets n.a. 0.9 Inventory (3) n.a. 7.0 Total balance sheet items 11,537.5 IFRS-16 (concessions) n.a. (54.0) Equity method adjustment n.a. 55.9 Non-current assets adjustment (4) n.a. 0.3 Total valuation 11,539.8 € Thousand Long term Short term Total Financial debt 4,313,644 600,656 4,914,300 Loan arrangement costs (30,338) - (30,338) Debt interest expenses - 25,389 25,389 Mark-to-market of interest-rate hedging contracts 19,319 (282) 19,037 Other financial liabilities (i.e. legal deposits) 181,379 7,639 189,018 Total debt 4,484,004 633,402 5,117,406 Fair value of the portfolio corresponds to the appraisal value delivered by CBRE, Savills and JLL as of 31 st December. The referred appraisal value is reflected in the following accounting Items: FINANCIAL DEBT (1) Including Silicius at amortized cost (€ 74.8m) net of derivatives impact (vs € 91.2m in Balance Sheet) (2) DCN loan (3) Net value paid by MERLIN. Excludes both amounts not paid yet and pre-sold inventory. Total inventory amounts to € 38.7m as of FY24 (4) MtM of the non-current assets NOTES TO THE CONSOLIDATED BALANCE SHEET FINANCIAL DEBT BREAKDOWN