SBB publishes cash flow statement for 2021 on a net basis
On the 22nd June 2022, Viceroy published a research paper stating that “SBB’s cashflow is unreconcilable to its balance sheet movement.”
In order to aid key stakeholders, Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") has decided to provide a cashflow analysis provided on a net basis, with regards to acquisitions that are completed via a corporate structure (separate legal entity for the property). The complemented cash flow statements have been independently examined by PwC.
The previous presentation format of the cash flow statements showed gross changes in properties and indebtedness, representing the actual change to different balance sheet items. The amendment entails changes to individual line items in the cash flow statement, but the actual cash flows for each period are of course unchanged.
Irrespective which method is used, there is no impact on the statement of financial position, net cash flow position or the income statement for SBB.
By presenting the cash flow statements on a net basis, SBB seeks to illustrate that there are no “unreconcilable differences” nor are there any unjust boosts of acquired assets. SBB will provide the cash flow analysis on a net basis going forwards.
This disclosure contains information that Samhällsbyggnadsbolaget i Norden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-07-2022 08:40 CET.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@sbbnorden.se
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.