This is not the latest documentation of the statistics.
Finance of housing companies: documentation of statistics
15.6.2022 valid documentation
Concepts
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.
Administrative costs
Administrative costs are costs for the management of the company, based on a contract or invoicing with separate enterprises, such as housing management, accounting, auditing, lawyer and administrative expert costs. Administrative expenses also include direct expenses of the housing company, such as office and meeting expenses.
Annual repair
Foreseen repair based on the annual repair plan. The annual repair plan usually includes an annual assessment of repair needs. Unforeseen repairs can also be made in connection with annual repairs. Annual repairs increase the building's value and extend its life cycle. Annual repairs are recorded as expenses of the accounting period in the profit and loss account.
In the statistics of economy of housing companies, annual repairs refer to repair costs from which no allowances or grants have been deducted, but capitalised costs have been deducted.
In the statistics of economy of housing companies, annual repairs refer to repair costs from which no allowances or grants have been deducted, but capitalised costs have been deducted.
Annual repairs
Annual repairs refer to costs entered as expenditure in the profit and loss accounts of housing companies.
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 expenditure
Part of the charge for common expenses covering the dwelling’s share of liabilities of long-term expenses, such as expenses arising from the acquisition, construction, renovation and renewal of real estate and buildings, unless otherwise stated in the articles of association.
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
Compensation paid by a shareholder to a housing company or a mutual real estate company in accordance with the articles of association to cover the company's expenses. The charge for common expenses includes the maintenance charge and possible charge for common capital expenditure.
Charge for common expenses
Charge for common expenses consists of the maintenance charge and the charge for common capital expenditures.
Cleaning costs
Cleaning costs are real estate cleaning costs based on contracts or invoicing with separate enterprises.
Credit losses and other adjustment items
The credit loss adjusts the income of the real estate by the amount of revenue lost during the financial year. These include, for example, unpaid rents which have been considered to be lost forever. For example, the revenue obtained in the recovery process already recorded as a credit loss is recorded as an adjustment item.
Cubic capacity of a building
The cubic capacity of a building is the space limited by the exterior surfaces of outer walls, the lower surface of the base floor (the base of the building’s lowest space with thermal insulation) and the upper surface of the roof (the building part limiting the building's uppermost heated space from above including thermal insulation and protection).
The cubic capacity of a building is calculated in accordance with the Finnish Standards Association's standard SFS 2460, RT 120.12.
The cubic capacity of a building is calculated in accordance with the Finnish Standards Association's standard SFS 2460, RT 120.12.
Depreciation
Depreciation means that a commodity is removed from the financial statement for the duration of its financial effect.
Electricity and gas costs
Electricity costs consist of electricity tariffs and energy charges based on the consumption measurement of electricity and gas supplied by the energy plant, meter rents, etc.
Financial statements
A statutory document to be prepared within a prescribed period, which should give a true and adequate view of the financial position on the financial statement date of the company obliged to keep books and of the result during the financial period or part of it. The financial statements contain the balance sheet, the profit and loss account and their statements, as well as possible annual report data, the cash flow statement and its notes. Provisions on financial statements are laid down in the Accounting Act and EU Directives.
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.
Heating costs
Heating costs include a basic charge and an energy charge for houses connected to district heating. In buildings where heating is carried out by their own heating station, heating costs consist of the purchase price of the used fuel and the amount of energy consumed.
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.
Insurance costs
Insurance costs include insurance premiums for the full value of the real estate, real estate, fire, water damage, burglary, theft, equipment, glass, movables, liability, etc.
Interest expenses
Interest expenses in housing companies include long-term and short-term loans, the credit used for the account with credit facility, accounts payable and interests on overdue payments.
Interest income
Interest income in housing companies is mainly generated by the delay in payment of maintenance charges and utility charges.
Maintenance charge
Part of the charge for common expenses with which the company’s expenses not covered by the charge for common capital expenditure are covered, or the company’s total expenses if there is no charge for common capital expenditure.
Maintenance charge
The purpose of the maintenance charge is to cover recurrent day-to-day expenses of the housing company.
Maintenance costs of outdoor areas
Maintenance costs of outdoor areas include payments made to real estate management companies for cleaning the outside areas, managing green areas and planting, snow removal and anti-skid treatment.
One-off shareholder payments
One-off shareholder payments (payments for project shares) are paid by the shareholders for a particular repair or similar project.
Operating and maintenance costs
Operating and maintenance costs are costs arising from the use and maintenance of the real estate, based on a contract or invoicing with separate enterprises.
Other income from real estate
Other income from real estate includes the resale of electricity, heat or water to another housing company, as well as charges received by the company and other similar income.
Other maintenance costs
Other maintenance costs include staff training costs, remembering special days and other such items.
Personnel expenses
Wages, salaries and rewards, pension expenses and other employer contributions = Personnel expenses
Personnel expenses comprise wages and salaries subject to withholding of tax and comparable expenses, as well as expenses determined direct based on wage or salary, such as social security contributions, statutory and voluntary personal insurance contributions and pension expenses.
Personnel costs include pay subject to withholding tax and indirect personnel costs of persons directly employed by the company (e.g. a caretaker and a manager).
Personnel expenses comprise wages and salaries subject to withholding of tax and comparable expenses, as well as expenses determined direct based on wage or salary, such as social security contributions, statutory and voluntary personal insurance contributions and pension expenses.
Personnel costs include pay subject to withholding tax and indirect personnel costs of persons directly employed by the company (e.g. a caretaker and a manager).
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.
Repair or other special charge
The company can collect repair charges for future expenses in advance. Special charges can include charges for cable TV, satellite antenna or balcony glazing.
Sauna and other utility charges
The utility charges include the company's charges for the use of saunas, laundry rooms, drying rooms, etc.
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.
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.
Value added tax for own use
Almost all sales of goods and services in Finland are subject to VAT. However, real estate is subject to VAT for services rendered on its own account and by its own staff on the real estate. These services include construction, repair and real estate management services.
Waste management costs
Waste management costs consist of transport and treatment charges levied by the waste management company.
Water and waste water costs
Water and waste water costs generally consist of the water and waste water charged by the local water plant. Water costs usually consist of a basic fee, a consumption fee and a meter rental.
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.
Principles and outlines
Contact organisation
Tilastokeskus
Legal acts and other agreements
Tilastojen laadintaa ohjaa valtion tilastotoimen yleislaki, tilastolaki (280/2004, muut 361/2013). Tiedonantajilta kerätään vain ne välttämättömät tiedot, joita ei saada hallinnollisista aineistoista. Indeksisarjat julkaistaan niin, että niistä ei voida päätellä yksittäisen yrityksen tietoja tai kehitystä.
Confidentiality - policy
Tilastotarkoituksiin kerätyn tiedon tietosuoja taataan ehdottomasti tilastolain (280/2004), henkilötietolain (532/1999) ja lain viranomaisten toiminnan julkisuudesta (621/1999) sekä EU:n tietosuoja-asetuksen (2016/679) vaatimusten mukaisesti. Tietoaineistot on suojattu käsittelyn kaikissa vaiheissa tarvittavin fyysisin ja teknisin ratkaisuin. Tilastokeskus on laatinut yksityiskohtaiset määräykset ja ohjeet tietojen luottamukselliseen käsittelyyn. Henkilökunnalla on pääsy vain työtehtävien kannalta välttämättömiin tietoihin. Tiloihin, joissa yksikkötason aineistoa käsitellään, ei ulkopuolisilla ole pääsyä. Henkilökunnan jäsenet ovat allekirjoittaneet salassapitositoumuksen palvelukseen tullessaan. Tietosuojan tahallisesta rikkomisesta seuraa rangaistus.
Release policy
Tilastokeskuksen julkistamiskalenterissa kerrotaan etukäteen kaikki vuoden aikana julkaistavat tilastotiedot ja julkaisut. Tilastojulkistukset löytyvät kohdasta tilastokohtaiset julkaisut. Tilastotiedot julkistetaan internetissä klo 8, ellei toisin mainita. Kalenteria päivitetään arkipäivisin. Tilastokeskuksen seuraavan vuoden julkistamiskalenteri julkaistaan vuosittain joulukuussa.
Quality assurance
Tilastokeskus noudattaa tilastoja laatiessaan Euroopan tilastojen käytännesääntöjä (Code of Practice, CoP) ja niihin pohjautuvaa laadunvarmistuskehikkoa (Quality Assurance Framework, QAF). Käytännesäännöt koskevat tilastoviranomaisten riippumattomuutta ja vastuuvelvollisuutta sekä prosessien ja julkaistavan tiedonlaatua. Periaatteet ovat yhteensopivat YK:n tilastokomission hyväksymien virallisen tilaston periaatteiden kanssa ja täydentävät niitä. Myös Suomen virallisen tilaston laatukriteerit ovat yhteensopivat Euroopan tilastojen käytännesääntöjen kanssa. Periaatteet ovat myös yhteensopivat Euroopan laatupalkintoperiaatteiden (EFQM) kanssa.
Asiasta kerrotaan enemmän Tilastokeskuksen laadunhallinnan sivulla.
Tilastokeskuksessa tehdään vuosittain tilastojen läpivalaisuja, joilla osaltaan varmistetaan tilastojen laatua.