SSM applies new accounting principle for housing development through housing associations
As of the interim report for the fourth quarter of 2018, SSM Holding AB (publ) will apply a new accounting principle for housing development through housing associations. The new accounting principle means that housing associations will be included in SSM’s consolidated accounts and that the profit or loss from completed projects will be reported at the time when the individual purchaser of a cooperative apartment takes possession of the unit. These changes do not affect the company’s project development process or financial targets.As stated in SSM’s interim report for the third quarter of