Akademiska Hus Annual Report

Maintenance costsStable maintenance levelMaintenance costs are the measures taken to reinstate worn ordamaged parts of a building to their original standard and function.Maintenance costs for the year totalled SEK 658 million (624). Sinceit was founded Akademiska Hus has focused on maintenance measureswith the aim of improving the standard of the property holdings,which is now considered to be very satisfactory. As a result ofthe measures taken earlier the maintenance costs, in relative terms,are expected to fall in the future. Variations between individual yearscan, however, be relatively large as a result of changes in the volumeof redevelopment. Viewed over time, maintenance costs have developedin line with rental income and net operating profit. Of the maintenancecosts, SEK 271 million (257) refers to emergency andplanned maintenance, SEK 271 million (252) refers to maintenancein projects and SEK 116 million (115) refers to customer adaptations.Averaged for the Group, maintenance costs for the year totalled SEK204/m 2 (192). Emergency and planned maintenance was SEK 84/m 2(79) and maintenance in projects was SEK 84/m 2 (78). A regionalbreakdown of the maintenance costs is shown in the table below.The maintenance costs vary between regions, mainly as a result ofmaintenance in projects in conjunction with redevelopment.In the South Region three major redevelopments took placeduring 2007 which involved maintenance measures. These are therenovation of the mansion in Alnarp, which resulted in maintenanceat a cost of SEK 30 million, in Lund at the Lund University TechnologyTransfer Office (TTO) amounting to SEK 17 million and the SkåneRegion information technology services department amounting toSEK 13 million.In Uppsala there were two major redevelopment projects duringthe year that resulted in maintenance measures. These are theEducation Building in Ultuna, amounting to SEK 35 million, and theEnglish Park building 4 for the Department of Domestic Science at acost of SEK 24 million. In Stockholm there was the redevelopment ofthe College of Naprapathy on the Frescati campus at a cost of SEK20 million and the Tre Vapen property for the Swedish EnvironmentalProtection Agency at a cost of SEK 12 million.Privata medel, 65%Direktastatsanslag, 65%RegionMaintenance costs, SEK m South West East Uppsala Stockholm North TotalEmergency and planned maintenance 42 43 28 44 82 33 271Maintenance in projects 78 31 14 89 43 16 271Customer adaptations 24 16 18 25 11 22 116Total maintenance costs 144 90 59 158 136 71 658Maintenance costs in SEK/m 2 Övriga285 181 180 288 145 175 204offentligaof which emergency and planned maintenance, SEK/m medel, 65% 82 87 85 79 88 81 84of which maintenance in projects, SEK/m 2 155 62 41 163 46 40 84of which customer adaptations, SEK/m 2 47 33 54 46 11 54 36Maintenance costsMaintenance costs 2007Maintenance costs, %SEK mSEK1,0008006001,000800600Cost of tenantadaptations,SEK 116 mEmergency and plannedmaintenance,SEK 271 m353025204002000200320042005200620074002000Other maintenancein projects,SEK 271 m15105020032004200520062007Total maintenance costsMaintenance costs, SEK/m 2 floor spaceMaintenance costs/Net operating profitMaintenance costs/Rental incomeAkademiska Hus Annual Report 2007 | Maintenance costs 43