hh.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
VÄRDERING OCH REDOVISNING AV FÖRVALTNINGSFASTIGHETER I KONJUNKTURNEDGÅNG
Halmstad University.
Halmstad University.
(Swedish)Independent thesis Basic level (degree of Bachelor)Student thesis
Abstract [sv]

In the year of 2005 the international standard IAS 40 came in to use in Sweden, this lead to an opportunity for the corporations to choose either to evaluate their investment properties according to the historical cost accounting principal. The model contains the obtaining price with reduction for the planned writing off. The alternative that IAS40 offers is the fairvalue principal, which evaluate the investment properties by consideration of the income versus outcome and surrounding factors for every accounting period

Since the fairvalue is buildt on numbers the corporations them self choose what to publish and for how long the value depreciation should be lasting before it should be taken up as an unrealized value change in the reporting material. This means that there is a big chance that the evaluation can be distorted

Since we just recently have had strong cyclical variation and are on our way from an excess boom into a weak economic climate, this will be the first study performed about fair value in a weak economic climate since the adoption of IAS40.

The purpose of the essay is to find out how well the booked value of investment properties owned by corporations listed on the Swedish stock market accord with the fairvalue that the market and the Swedish property index indicates on. To be able to test this connection we gathered information from the corporation’s annual reports which we compiled to see how the market comprehends. Hypotheses were concluded thru out the search of theoretic background in the hunt for an explanation to the possible difference between the booked evaluation and the guidelined evaluation. The hypotheses where tested in the program SPSS and the results from the tests form the background for our conclusions.

The conclusions is that there is a differing of 2, 85 % in the year of 2008 between the revaluations in the corporations listed on the stock market and the guidelined value from SFI. Since we have only looked at 17 companies the result have to be regarded with great caution, but none the less it seems as the differing partly can be explained by the information asymmetry and partly by the debt-equity ratio despite of the differing we can establish that the investment properties evaluation to a high degree follows the cyclical variations on the real estate market.

Keyword [sv]
IAS 40, PAT, Förvaltningsfastigheter, redovisning
Identifiers
URN: urn:nbn:se:hh:diva-2816Local ID: 2082/3218OAI: oai:DiVA.org:hh-2816DiVA: diva2:240034
Uppsok
Social and Behavioural Science, Law
Available from: 2009-08-17 Created: 2009-08-17 Last updated: 2009-08-24

Open Access in DiVA

fulltext(621 kB)470 downloads
File information
File name FULLTEXT01.pdfFile size 621 kBChecksum SHA-512
ea3aa79eff3224d53efe06743a03fc9eb73428e14f993209067138b887f64850374e25163ea51ddcea9ec7448c803c275c464885d291dee903e1d7d15d33234e1e467c169556f9159586edc53f95a9c1
Type fulltextMimetype application/pdf

By organisation
Halmstad University

Search outside of DiVA

GoogleGoogle Scholar
Total: 470 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 260 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf