Extract From Annual Report

RNS Number:9089R
Akademiska Hus AB
22 February 2002


AKADEMISKA HUS AB (Publ)
Registration no. 556459-9156

Akademiska Hus is a state-owned property group, which offers and develops 
attractive study and research environments for use by universities and colleges. 
The Group owns and manages around 3,2 million square metres of floor space. The 
book value of the properties at the year-end was SEK 22,625 million, 
construction in progress and conversion projects amounted to SEK 1,594 million 
and total assets amounted to SEK 27,159 million.


Extract from the 
2001 ANNUAL REPORT

The Group's rental income totalled SEK 3,939 million (3,613). 
The operating profit was SEK 1,651 million (1,559). 
The pre-tax profit for the year was SEK 787 million (786).

The Group's net investments during the year amounted to SEK 2,782 million. 
During the year the Electrum-property in Kista was purchased for SEK 925 
million. In addition the net investments consists mainly of new construction and 
conversion.

The Group's net financial income and expense for the period totalled SEK -864 
million (-773). The average financing cost for the average capital sum of 
interest-bearing liabilities was 5.6% (5.4). The average fixed interest term was 
2.3 years (2.6).

The Company's rating (S&P) is AA with a stable outlook. During the year the 
primary source of finance has been the Swiss market where two major public bond 
issues took place.


KEY FIGURES (%)

                                              2001    2000   1999   1998   1997

Direct yield, incl. central administration
expenses                                      11.2    11.4   11.4   11.1   12.1 
Return on equity after standard tax            8.4     8.7    8.5    8.0    9.0 
Return on total assets                         6.7     6.6    6.6    7.2    7.7 
Equity ratio                                  25.9    27.0   27.8   32.0   34.2 
Internal financing                            49.3    67.4   38.5   59.3   76.1 
EBITDA net interest coverage                   2.9     2.9    3.1    3.0    3.2 
EBIT net interest coverage                     1.9     2.0    2.2    2.1    2.3

The complete Annual Report will be published on March 21, 2002.



AKADEMISKA HUS AB - GROUP

Income statement - summary

Amounts in SEK m                                          2001             2000
 
Rental income                                            3,939            3,613
Other property management income                            37               41
Property management expenses                            -1,374           -1,261
Net operating profit                                     2,602            2,393
Property management depreciation                          -817             -686
Gross profit                                             1,785            1,707
Central administration expenses                           -168             -159
Other property management income                            81               58
Other operating income                                     -46              -47
Operating profit                                         1,651            1,559
Net financial income/expense                              -864             -773
Profit before taxes                                        787              786
Taxes                                                     -220             -203
Net profit for the year                                    567              583



Balance sheet - summary

Amounts in SEK m                                    31-12-2001       31-12-2000

Assets                                                  
Managed properties                                      22,625           20,750 
Construction in progress                                 1,594            1,490
Other fixed assets                                         165               24
Current assets                                           2,775            1,920
Total assets                                            27,159           24,184

Equity and liabilities
Equity                                                   7,024            6,529
Provisions                                                 709              600
Interest-bearing liabilities                            17,267           15,024
Non-interest-bearing liabilities                         2,160            2,031
Total equity and liabilities                            27,159           24,184



                      This information is provided by RNS
            The company news service from the London Stock Exchange

Bank Mont.34 (LSE:BR11)
過去株価チャート
から 3 2025 まで 4 2025