Akademiska Hus Annual Report

OPERATIONSRegionsFinancial results and overviewRental income net, regional breakdownNet operating profit, regional breakdownNorthern region,SEK 486 million, 10%Southern region,SEK 678 million, 15%Northern region,SEK 308 million, 11%Southern region,SEK 373 million, 13%Western region,SEK 669 million, 14%Western region,SEK 431 million, 15%Eastern region,SEK 469 million, 10%Eastern region,SEK 317 million, 11%Stockholm region,SEK 1,611 million, 35%Uppsala region,SEK 722 million, 16%Stockholm region,SEK 1,117 million, 37%Uppsala region,SEK 364 million, 13%Southern regionSEK m 2007 2006Rental income, net, SEK m 678 671Net operating profit, SEK m 373 304Change in value, properties, SEK m –203 398Operating profit, SEK m 166 699Profit for the year, SEK m 0 410Direct yield, % 5.8 5.1Property facts 2007 2006Average rentable floor space, m 2 504,720 502,133Vacant space, m 2 22,630 19,721Assessed fair value, properties, SEK m 6,377 6,443Regional outcome compared with the previous yearVacant space, % Direct yield, %88664422002007 20062007 2006“The number of maintenance projects has fallen which has led to a considerable improvement in net operating profit compared with theprevious year. Despite the fact that over 3,000 square metres have been let to new customers, including the Skåne Region authority andLund Municipal Authority, the level of vacant space has increased due largely to the continued vacation of premises by Lund University.The NKI and NMI indexes also improved this year compared with the preceding year. The NKI has increased by 11 units in two years,which is the result of the very strong focus on customer satisfaction throughout the region,” says Regional Director Mikael Lundström.Western regionSEK m 2007 2006Rental income, net, SEK m 669 668Net operating profit, SEK m 431 414Change in value, properties, SEK m –34 551Operating profit, SEK m 394 941Profit for the year, SEK m 183 586Direct yield, % 6.0 5.9Property facts 2007 2006Average rentable floor space, m 2 493,540 511,923Vacant space, m 2 11,098 7,835Assessed fair value, properties, SEK m 7,217 7,251Regional outcome compared with the previous yearVacant space, % Direct yield, %88664422002007 20062007 2006”The year has been dominated largely by a concentration of resources within administration coupled with an examination of a neworganisation that is better suited to meeting the challenges of the future, such as energy and climate work, maintenance planning anda greater focus on the customer. Work in-house has resulted in increased employee satisfaction throughout the region. The year hasalso been dominated by extensive rent negotiations with our largest customer Göteborg University. The net operating profit has beenpositive as a result of reduced energy consumption and a decrease in operating costs,” says Regional Director Birgitta Hohlfält.Eastern regionSEK m 2007 2006Rental income, net, SEK m 469 439Net operating profit, SEK m 317 303Change in value, properties, SEK m –274 264Operating profit, SEK m 39 563Profit for the year, SEK m –56 330Direct yield, % 6.8 6.6Property facts 2007 2006Average rentable floor space, m 2 330,073 325,308Vacant space, m 2 6,785 7,752Assessed fair value, properties, SEK m 4,604 4,729Regional outcome compared with the previous yearVacant space, % Direct yield, %88664422002007 20062007 2006“Rent negotiations during the year have in a number of cases resulted in distinct rent reductions in Linköping. However, we haveseen signs during autumn 2007 of a recovery on the local rental market,” says Regional Director Bengt Erlandsson.48 Akademiska Hus Annual Report 2007 | Regions