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Financial statements

8 Administrative expenses

 

2016

2015

Management fee Bouwinvest

3,829

3,451

Audit fees

24

24

Other administrative expenses

145

100

Legal fees

-

-

Other Fund expenses

15

20

Total administrative expenses

4,013

3,595

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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