Finance of housing companies: documentation of statistics
The documentation of the statistics describes how the statistics were compiled and what methods were used in the compilation. The data help interpret the figures of the statistics and evaluate their reliability and comparability. The quality report is based on the EU's SIMS model. The documentation also contains change releases describing changes in the statistics and possible specifying methodological descriptions.
If you are looking for statistical figures for these statistics, go to the statistics page: Finance of housing companies
Quality report
Data description (SIMS 3.1)
The statistics on the finance of housing corporations measure the cost of housing in housing corporations, and analyse its composition and reasons for differences in it. The statistics also show how housing corporations finance their expenditure, that is, what their income is composed of and what residents have to pay for housing in them.
Concepts and definitions (SIMS 3.4)
Appropriations
A housing company may have a residential building provision as a voluntary provision. The purpose of the residential building provision is to collect funds for future repairs and renovations. Residential building provision can also be used as a means of balancing profits in which case the company does not accumulate assets or incur taxes.
Charge for common capital expenditures
The charge for common capital expenditures is used to pay the dwelling’s share of liabilities of the housing company loan.
Charge for common expenses
Charge for common expenses consists of the maintenance charge and the charge for common capital expenditures.
Cubic capacity of a building
The cubic capacity of a building is calculated in accordance with the Finnish Standards Association's standard SFS 2460, RT 120.12.
Financial statements
Financial statements of a limited liability company and a housing company consist of at least the profit and loss account, balance sheet and the board of directors’ report.
Floor area
In statistics on the finance of housing corporations floor area refers to the total surface area of the living, business and office spaces owned by a housing corporation and its shareholders.
Housing company
A limited liability company is considered to be a housing company if its purpose is the ownership and possession of one or more buildings in which ( not necessarily) over half of the total floor area is specified in the articles of association as residential apartments in the possession of shareholders; and each share in it confers the right, either alone or together with other shares, to the possession of an apartment or other part of the company's building or real estate in its possession.
Income from real estate
Part of the profit and loss account specifying how the income from the real estate is formed.
Maintenance charge
The purpose of the maintenance charge is to cover recurrent day-to-day expenses of the housing company.
Real estate
A real estate is a unit of ownership in a land or water area entered as real estate in the real estate register. Buildings and fixtures owned by the owner of a real estate and located on it belong to the real estate.
Real estate maintenance costs
Part of the profit and loss account specifying how the costs arising from the maintenance of the real estate are formed.
Type of building
A classification for different types of dwellings, for example blocks of flats, attached houses, detached houses.
Type of financing
A classification describing the financing source of a dwelling or real estate. A government-subsidised dwelling is a dwelling produced with government ARAVA loans, in which the rent is determined by the cost correlation principle. Most of government-subsidised dwellings are owned by municipalities. Non-subsidised dwellings are other than government-subsidised dwellings.
Year of construction
The year of construction refers to the year in which the building was completed and was ready for use. If the building was completed prior to 1980, the year of renovation may have been entered as the year of construction.
Institutional mandate (SIMS 6)
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Quality assurance (SIMS 11.1)
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Release calendar (SIMS 8.1)
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User access (SIMS 8.3)
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Confidentiality - policy (SIMS 7.1)
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