The 22ndn/a June 2022Viceroy published a research paper stating that “SBB’s cash flow is irreconcilable with the evolution of its balance sheet”.
In order to help key stakeholders, Samhällsbyggnadsbolaget i Northen AB (publ) (“SBB”) has decided to provide a cash flow analysis on a net basis, with respect to acquisitions made through a corporate structure (separate legal entity for the building). The completed cash flow statements have been independently reviewed by PwC.
The previous presentation format of cash flow statements showed gross changes in properties and indebtedness, representing the actual change in the various balance sheet items. The amendment involves changes to individual line items in the cash flow statement, but the actual cash flows for each period of course remain unchanged.
Whichever method is used, there is no impact on SBB’s statement of financial position, net cash or income statement.
By presenting cash flow statements on a net basis, SBB seeks to demonstrate that there are no “irreconcilable differences” or unfair increases in acquired assets. SBB will in future provide the cash flow analysis on a net basis.
This disclosure contains information that Samhällsbyggnadsbolaget i Northen AB is required to make public under the EU Market Abuse Regulation (EU 596/2014). The information has been submitted for publication, through the contact person, the 01-07-2022 08:40 CET.
For more information, please contact:
Ilija BatljanCEO and founder of Samhällsbyggnadsbolaget i Northen AB[email protected]
Samhällsbyggnadsbolaget i Northen AB (publ) (SBB) is the leading social infrastructure real estate company in the Nordic region. The Company’s strategy is to own and manage social infrastructure properties in the Nordics for the long term and to lease regulated residential properties in Sweden, and actively working on real estate development. Thanks to SBB’s commitment and commitment to community involvement and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. Series B (SBB B ticker) and D (SBB D ticker) shares of the Company are listed on Nasdaq Stockholm, Large Cap. Further information on SBB is available at www.sbbnorden.se.
(c) Decision 2022. All rights reserved., sources Press Releases – English