Renovation building: 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: Renovation building
Quality report
Data description (SIMS 3.1)
The statistics on renovation building describe the renovation activity of building construction annually. The data concerning the value of renovation building are obtained from the financial statements of hou-sing corporations and the largest construction companies. The renovation building of housing corpora-tions is divided into two parts: renovation building of housing companies and renovation building of state-subsidised rental dwellings. The statistics on the renovation building of construction com-panies cover the renovation activity of construction companies employing at least 10 persons. The statistics also contain information about the targets of renovation buildings.
Concepts and definitions (SIMS 3.4)
Activated repair costs
Activated repair costs refer to the costs arising from basic repairs or renovations that are not entered in the profit and loss account as expenditure for the accounting period. Activated repair costs are included in current assets and increase their value.
Annual repairs
Annual repairs refer to costs entered as expenditure in the profit and loss accounts of housing companies.
Basic renovation
Basic renovation refers to making a building or the condition of a building as good as when new. Partitioning of flats, insulation of walls, renewal of floor structures, and refitting of kitchens and bathrooms represent basic renovation.
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.
Maintenance
Activity related to the maintenance of real estate in which the aim is retention of the properties of the real estate by renewing or repairing faulty or worn parts without changing its relative level of quality.
Modernisation
Modernisation is an operation which usually raises the value or quality of a building above its previous level.
Renovation
In broad terms renovation refers to all activity aimed at improvement and maintenance of the condition of an existing building or parts thereof. In Statistics Finland's different statistics, renovation is broken down to basic renovation and refurbishment. The term used for refurbishment varies in different statistics. In the Household Budget Survey, for instance, it is referred to as maintenance repairs. In national accounts, building renovation is included in fixed capital formation and refers to fundamental improvement of a building. After renovation the value of a building is comparable to new. Refurbishment is a less significant activity than renovation. Refurbishment refers to regular repairs and maintenance to buildings or parts thereof (also referred to annual repairs). Building extensions count as newbbuilding.
Reparation measure
A reparation measure refers to an operation that changes or completely replaces an individual structure, part or system of a building.
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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