The interim report has been prepared in accordance with IAS 34 Interim Financial Reporting.
The Group applies the same accounting policies and valuation methods as in the latest annual report, with the exception of IFRS 11 and IFRIC 21 Levies.
The Parent Company prepares its financial statements according to according to RFR 2, Accounting for Legal Entities, and the Swedish Annual Accounts Act and applies the same accounting policies and valuation methods as in the latest annual report.
As of 2014, Fabege applies IFRIC 21 Levies and IFRS 11. IFRIC 21 Levies specifies that state fees, for Fabege property tax, have to be recognised entirely as a debt when the obligation arises. Since this obligation arises annually on 1 January, Fabege has recognised the entire liability starting with the interim report for January-March 2014. In addition, a prepaid cost of property tax has been recognised, which was distributed straight-line over the financial year. The amended policy had no impact on the consolidated earnings. IFRS 11 has not entailed any changes for Fabege.
Stockholm, 24 April 2014