MARKETResearch Bill 2008In international terms Sweden has a prominent position withregard to investment in research and development. However, thereare signs that the position of Swedish research has weakened inrecent years, which can be explained in part by the fact that governmentresources for research and development have provedinsufficient over a number of years. To counteract the downwardtrend and to retain the high level of scientific quality in Swedishresearch a higher level of investment is required. In 2008, a newresearch policy bill will be presented in which the governmentintends to propose a series of measures to reinforce Swedishresearch. Already in 2008 resources for research and developmentare expected to increase by approximately SEK 1.6 billion.The initiatives will mainly take place at strong research environmentswhere the ambition is for Sweden to compete with the bestenvironments in the world.Through its chairmanship of the Nordic Council of Ministers for2008 Sweden will be working to promote Nordic collaboration withhigh quality and increased competition as the objectives. One of theprimary aims is to promote a common Nordic research infrastructure.Commission Area Established <strong>Report</strong> presentedResources for quality “Rut 2” A review of the resource allocation system for education and research. 12-4-2006 2-11-2007Abolition of compulsory student unionmembershipA proposal to abolish compulsory membership of the student union coupled withassurance of student influence and good social benefits.4-4-2007 15-2-2008Research organisationFreedom commissionNeeds and conditions within clinicalresearchSocial benefits for students commissionEvaluation of the research financing organisation and, if necessary, proposals forchanges.A review of operational forms for colleges and universities with a focus onincreased self-governanceAn inquiry into meeting conditions for clinical research as well as health serviceresearch. Activity plan aimed at reinforcing clinical research.A review of matters related to social benefits for students, the student grantssystem, student support administration and throughflow in higher education.20-6-2007 26-3-200827-11-2007 5-12-200822-3-2007 31-3-200922-11-2007 31-3-200912 <strong>Akademiska</strong> <strong>Hus</strong> <strong>Annual</strong> <strong>Report</strong> 2007 | <strong>Akademiska</strong> <strong>Hus</strong> market
Student trendsAlongside the increased focus on excellence and quality, educationactivities are continuing on a broad front. Between 1990 and 2003the number of students in higher education doubled from 193,000to 385,000. From 2004, the number of students in higher educationfell before rising once again in the academic year 2007/2008. Theprevious government had the objective that 50 per cent of the populationshould commence some form of higher education beforethe age of 25. This objective led a the major expansion of the highereducation sector during the 1990s and the first part of the 2000s.The huge rise in the number of students in higher education hasnow come to an end and student volumes in the next few years willbe in line with the number of high school graduates as well as thesituation in the economy and the labour market.Grants trendSince the budget reform of 1993 the real value of grants for highereducation has fallen when measured in terms of grant total per individual.In the same way, the real value of research grants has beeneroded. The reduction in grants has been linked to a call for rationalisationand better management on the part of government authorities.For the university and college sector, which is very personnel- andsalary-intensive, this has been particularly noticeable. The cutbackswill probably lessen as the Ministry of Education reviews quality andresources in education in order to ensure reasonable conditions formaintaining operational quality. The budget for 2008 includes an initiativeto improve the quality of education through reallocation of themaximum amounts set previously. SEK 300 million has been allocatedfor research in addition to the figure stated in the budget. However,the demand for the savings has already set in motion a processthat will continue and which will have consequences for <strong>Akademiska</strong><strong>Hus</strong>. As part of their savings and rationalisation plans a number of universitiesand colleges have examined their building requirements andwill continue to do so in the future.Number of students registered on undergraduate programmesaccording to academic year and gender, 1977/78–2006/07400,000350,000300,000250,000200,000150,000100,00050,00001977/781982/831987/88Total Women Men<strong>Akademiska</strong> <strong>Hus</strong> founded1992/931997/98Inquiries within the university and college sectorA number of important reports dealing with higher education andresearch were presented during the past year and a number wereinitiated. The most important inquiries from <strong>Akademiska</strong> <strong>Hus</strong>’spoint of view are presented in the table on page 12.2002/032006/07We do not yet know what the final results of these inquiries willbe but they will certainly lead to tangible operational and fundingchanges in higher education and research. Particularly noticeableis the politically motivated move towards greater freedom for universitiesand colleges. The ’ Freedom Inquiry’ directive states thatproposals should focus on increased self-governance at centres oflearning and that the centres should play an important role inregional development, including co-operation with industry and thecommercialisation of research results. The inquiry team were alsoasked to examine whether the present system for managing fundsand property could be far too limiting. One reason for the significantrise in the number of enquiries is that the government is preparingfor greater globalisation and international influence on the Swedisheducation sector. Swedish centres of education must be able tohold their own internationally. They must produce good results onthe home front and also work on the international front. An importantstep taken during the year was the Swedish adaptation to theBologna Declaration, offering students in Europe greater freedomof movement between universities and colleges. This, together withmore efficient search tools to obtain information about the activitiesand quality at a particular university or college, will lead to greatercompetition on both the national and international level.Development issues for <strong>Akademiska</strong> <strong>Hus</strong><strong>Akademiska</strong> <strong>Hus</strong> has in recent years been affected by adaptation onthe part of universities and colleges to a more stringent economy.Preparations are now in progress to deal with keener competition forfunding. This will mean that premises will be vacated and at the sametime customers will be seeking new, more efficient and more modernpremises. The premises that will be vacated could be in older buildingsthat are difficult to use for other purposes but also in buildingsthat are not optimally located for the activities in question. <strong>Akademiska</strong><strong>Hus</strong> will thus need to continue investing in new premises forits customers with the underlying risk of an increase in vacant space.The move towards greater co-operation and joint financing betweenthe university and college sector and industry should open up newopportunities. New forms of collaboration between the academicworld and industry could generate a demand for premises in areas inwhich <strong>Akademiska</strong> <strong>Hus</strong> has a great deal of expertise.Interviews, surveys and living examples show that the newgeneration of students would like more services and urban life onthe campuses although at the same time they want to safeguardthe unique academic environment and exposure to knowledgeand culture. International examples reveal that a combination ofenvironments characterised by knowledge and experiences is adefinite success factor. For the campuses this could mean a richvariety of meeting places, preferably activated into what are knownas ‘hot spots’ – social life coupled with academic activities, distinctlyactive areas with an obvious element of marketing and outwardlyoriented, highly visible activities conducted by the educationcentres which encourage both students and the general public tomake use of and be stimulated by the variety of knowledge on offer.Meeting places could also be located off-campus, such as in areaswith knowledge-intensive companies that want to be in an academicsetting. <strong>Akademiska</strong> <strong>Hus</strong> has striven to be at the very forefront,with the best architects, exemplified through high-qualitybuildings on campus. <strong>Akademiska</strong> <strong>Hus</strong>, universities and collegesought to develop their collaboration even further in order to createattractive, inspirational settings that contribute to successful operationaldevelopment at centres of learning.<strong>Akademiska</strong> <strong>Hus</strong> <strong>Annual</strong> <strong>Report</strong> 2007 | <strong>Akademiska</strong> <strong>Hus</strong> market 13
- Page 6 and 7: Review of the yearAkademiska Hus 20
- Page 8 and 9: Statement by the PresidentIncreased
- Page 10 and 11: Business concept, visions and objec
- Page 12 and 13: MARKETRental and property marketGoo
- Page 14 and 15: MARKETAkademiska Hus marketHigher e
- Page 18 and 19: MARKETCompetitorsLocal players the
- Page 20 and 21: MARKETProperty specification, North
- Page 23 and 24: 1613 6 24 2912171142962122932464751
- Page 25 and 26: EASTERN REGION (ÖST)Major efforts
- Page 27 and 28: ((KYRKBYNE6E20GOTHENBURGSA-FÄRJEST
- Page 29 and 30: LLUNDPLANTAGELYCKANHELGONAGÅRDEN3S
- Page 31 and 32: At the Ingvar Kamprad Design Centre
- Page 33 and 34: could benefit from proximity to the
- Page 35 and 36: of energy system and form of energy
- Page 37 and 38: difficult to influence. In the Ultu
- Page 40 and 41: OPERATIONSProperty valuationSlight
- Page 42: OPERATIONSlation of the rental paym
- Page 45 and 46: Operating costsOperating costs, a s
- Page 47 and 48: Maintenance costsStable maintenance
- Page 49 and 50: Comments on the Five-year summary1.
- Page 51 and 52: Regions and GroupKey figuresKey fig
- Page 53 and 54: Average rentable floor space, regio
- Page 55 and 56: Interest-bearing net loan debt, inc
- Page 57 and 58: Construction projectsNew constructi
- Page 59 and 60: By drawing up good documents for co
- Page 61 and 62: Akademiska Hus - a partner in the d
- Page 63 and 64: SustainabilityAkademiska Hus’s am
- Page 65 and 66: Akademiska Hus is working to ensure
- Page 67 and 68:
EmployeesInvestment in employee dev
- Page 69 and 70:
Group level, on the regional level
- Page 71 and 72:
Group corporate governance reportTh
- Page 73 and 74:
Remuneration and other terms and co
- Page 75 and 76:
Board and auditorsBOARDEva-Britt Gu
- Page 77 and 78:
Financial Report 73-10473Swedish Na
- Page 79 and 80:
Income StatementsGroupIFRSParent Co
- Page 81 and 82:
Balance SheetsGroupIFRSParent Compa
- Page 83 and 84:
Cash Flow StatementsGroupIFRSParent
- Page 85 and 86:
Note 3, cont’d .comprises rental
- Page 87 and 88:
Note 3, cont’d .fair value. Chang
- Page 89 and 90:
6 Categorised operating costsFuncti
- Page 91 and 92:
Note 13, cont’d .Payments to the
- Page 93 and 94:
Note 17, cont’d.17 TaxesThe follo
- Page 95 and 96:
Cost of capital and direct yield re
- Page 97 and 98:
Note 24, cont’d.The table below s
- Page 99 and 100:
Note 32, cont’d.Borrowing can be
- Page 101 and 102:
Note 33, cont’d.The retirement pe
- Page 103 and 104:
Note 37, cont’d.Due date structur
- Page 105 and 106:
39 Pledged assetsGroupIFRSParent Co
- Page 107 and 108:
Audit ReportTo the annual meeting o
- Page 109 and 110:
AddressesGROUP HEAD OFFICEAkademisk
Change language