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Financial statements

8 Administrative expenses

 

2016

2015

Management fee Bouwinvest

2,685

3,077

Audit fees

24

29

Other administrative expenses

150

99

Legal fees

11

3

Other Fund expenses

13

13

Total administrative expenses

2,883

3,221

Where administrative expenses relate directly to the operation of the property portfolio, they are charged to operating expenses. Where administrative expenses relate directly to the development of the property portfolio, they are capitalised.

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