Financial <strong>Report</strong>DefinitionsDirect yieldNet operating profit in relation to the average assessed fair value.Equity ratioNet equity in relation to total assets carried forward.Floor space, m 2Rentable floor space in square metres.Floor space, m 2 , grossThe gross floor space of the buildings. Comprises rentable floor spaceas well as common areas and the surrounding construction area.Interest-bearing net loan liabilityInterest-bearing loans, financial derivatives and short-term, interestbearinginvestments. Pension provisions and similar items are notincluded.Interest-bearing liabilitiesInterest-bearing loans, including pension provisions and similar items.Interest coverage ratioProfit before financial items, excluding changes in value of propertiesin relation to net interest income and expense, excluding changes invalue of financial derivatives.Letting and vacant space levelsRented or vacant floor space in relation to the total rentable floorspace. Financial letting or vacant space levels are rental income forspace let and estimated rental income for vacant space in relation tothe total rental income.Maintenance costsCosts for measures taken to reinstate worn or damaged parts ofbuildings to their original standard and function.Net investmentsClosing balance minus the opening balance for fixed assets plusdepreciation and impairments minus revaluations.Operating expensesExpenses for measures taken with an expected interval of less thanone year aimed at maintaining the function of a management object.Operating expenses are divided into energy and water supply andother operating expenses.Property administrationCost of management, day-to-day accounting administration, letting,contact with tenants, handling of registers, contracts and drawings,technical planning and follow-up and personnel administration.Rental incomeThe basic rent, index-linked, and estimated rent for vacant rentablefloor space and supplements, with a deduction for vacancies andrent reductions.Return on equity after standard taxEarnings after financial income and expense with a deduction for fulltax in relation to average equity.Return on total assetsOperating profit plus financial income in relation to average total assets.Loan-to-value ratioInterest-bearing net loan liability in relation to the closing value ofinvestment properties.Production: <strong>Akademiska</strong> <strong>Hus</strong> in co-operation with n3prenör. Photos: Mats Lundqvist, Sören Håkanlind, Sofia Paunovic, Brita Nordlund, Bonny Håkansson,Niklas Bernstone, Alexander von Sydow, Johan Gunséus, Anna Danielsson, Johan Olsson. Printed by: Elanders Falköping, 2008. Translated by: Patrick O’Malley104 <strong>Akademiska</strong> <strong>Hus</strong> <strong>Annual</strong> <strong>Report</strong> 2007 | Definitions
AddressesGROUP HEAD OFFICE<strong>Akademiska</strong> <strong>Hus</strong>P.O. Box 483Stampgatan 14SE- 401 27 GöteborgTelephone: +46 31-63 24 00Fax: +46 31-63 24 01www.akademiskahus.seinfo@akademiskahus.seREGIONAL OFFICES<strong>Akademiska</strong> <strong>Hus</strong> SouthOle Römers väg 2SE- 223 63 LundTelephone: +46 46-31 13 00Fax: +46 46-31 13 01<strong>Akademiska</strong> <strong>Hus</strong> WestP.O. Box 476Stampgatan 14SE- 401 27 GöteborgTelephone: +46 31-63 25 00Fax: +46 31-63 25 01<strong>Akademiska</strong> <strong>Hus</strong> EastOlaus Magnus väg 34SE- 583 30 LinköpingTelephone: +46 13-36 45 00Fax: +46 13-36 45 01<strong>Akademiska</strong> <strong>Hus</strong> StockholmP.O. Box 12277Rålambsvägen 32ASE- 102 27 StockholmTelephone: +46 8-685 75 00Fax: +46 8-685 75 01<strong>Akademiska</strong> <strong>Hus</strong> UppsalaP.O. Box 185Artillerigatan 7SE- 751 04 UppsalaTelephone: +46 18-68 32 00Fax: +46 18-68 32 01<strong>Akademiska</strong> <strong>Hus</strong> NorthP.O. Box 7985Artedigränd 2SE- 907 19 UmeåTelephone: +46 90-17 62 00Fax: +46 90-17 62 01<strong>Akademiska</strong> <strong>Hus</strong> <strong>Annual</strong> <strong>Report</strong> 2007 | Addresses 105
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Review of the yearAkademiska Hus 20
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Statement by the PresidentIncreased
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Business concept, visions and objec
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MARKETRental and property marketGoo
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MARKETAkademiska Hus marketHigher e
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MARKETResearch Bill 2008In internat
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MARKETCompetitorsLocal players the
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MARKETProperty specification, North
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1613 6 24 2912171142962122932464751
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EASTERN REGION (ÖST)Major efforts
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((KYRKBYNE6E20GOTHENBURGSA-FÄRJEST
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LLUNDPLANTAGELYCKANHELGONAGÅRDEN3S
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At the Ingvar Kamprad Design Centre
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could benefit from proximity to the
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of energy system and form of energy
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difficult to influence. In the Ultu
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OPERATIONSProperty valuationSlight
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OPERATIONSlation of the rental paym
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Operating costsOperating costs, a s
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Maintenance costsStable maintenance
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Comments on the Five-year summary1.
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Regions and GroupKey figuresKey fig
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Average rentable floor space, regio
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Interest-bearing net loan debt, inc
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