Acron Helvetia I is in the black
Acron Helvetia I Immobilien AG generated a positive annual result of CHF 315,235 in the 2015 financial year. In the previous year, a loss of CHF 218,426 was recorded.
According to Acron, the positive result is based on the more favorable financial result and the updated valuations as at December 31, 2015, according to which the balance sheet value for the Südpark fund property in Solothurn was reduced by 4.6 percent year-on-year to CHF 13.21 million and that for the Waser office and logistics property in Buchs/Zurich was increased by CHF 70,000 to CHF 15.67 million.
Rental income remained stable compared to the previous year at around CHF 1.95 million. At CHF 27,366, property expenses were significantly lower than in the previous year (CHF 51,511). At CHF -520,678, the financial result was almost CHF 60,000 better than in the previous year (CHF -580,353). The average interest expense fell by 0.2% to 2.3% p.a. (previous year: 2.5% p.a.) in relation to the outstanding loans as at the balance sheet date. The company reduced its mortgage debt by a further CHF 500,366.
As at December 31, 2015, the company's net asset value was CHF 8.26 per share, which corresponds to a reduction of around 1.9% compared to the end of 2014 (CHF 8.42 per share). The company's equity ratio is 20.6%. (ah)
