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Financial statements

8 Administrative expenses

 

2018

2017

Management fee Bouwinvest

4,508

4,255

Audit fees

28

26

Other administrative expenses

152

96

Legal fees

-

-

Other Fund expenses

33

98

Total administrative expenses

4,721

4,475

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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