The Group applies International Financial Reporting Standards, IFRS, as endorsed by the EU.
The Parent Company applies the Annual Accounts Act and RFR 2 Accounting for legal entities, which means that IFRS is applied with certain exceptions and additions.
From January 1, 2019 IFRS 16 Leases replaced, which means that almost all of the Group's leasing contracts are reported in the balance sheet, as no distinction is made between operational and financial leasing agreements.
Latest press releases
- January 15, 2021 08:25 CET Scandic comments on market situation and ongoing rent negotiations
- January 11, 2021 09:30 CET Scandic Arlandastad opens its doors
- December 8, 2020 08:00 CET Scandic comments on market development and ongoing rent negotiations
- November 3, 2020 07:35 CET Scandic to take over hotel at Stockholm Arlanda Airport