Finansinspektionen finds that JM must consolidate tenant-owners associations in its consolidated financial statements according to IFRS
Finansinspektionen has today announced its decision regarding JM’s annual report for 2017, in which the authority determines that the tenant-owners associations that JM develops shall not be considered independent from an IFRS perspective and must therefore be consolidated in JM’s consolidated financial statements. No sanction fee is applicable.JM will analyze Finansinspektionen’s decision and announce at a later date the company’s position.