The Other payables relate to invoices yet to be received for maintenance of and investments in the portfolio.

Basic earnings per share are calculated by dividing the net profit attributable to shareholders by the weighted average number of ordinary shares outstanding during the year.

In 2019, the Fund paid out a dividend of € 129.60 per share (2018: € 118.16) which amounts to a total of € 45.9 million (2018: € 32.9 million).

As at 31 December 2019, the Fund’s total future investment commitments amounted to € 2 million (2018: € 1 million).

The Retail Fund’s subsidiaries and members of the Supervisory Board and Executive Board of Directors of Bouwinvest and the other entities under management by Bouwinvest, qualify as related parties of the Retail Fund.

Bouwinvest is the manager and the Statutory Director of the Fund. The management fee paid for the year 2019 amounted to € 4.8 million (2018: € 4.5 million).

The table below shows the fees charged over the year 2019 by Deloitte Accountants B.V. and the Deloitte Network in respect of activities for the Retail Fund.

As of January 2020, one Dutch pension fund committed for a total of € 78 million.

Before appropriation of result, all amounts in € thousands

All amounts in € thousands, unless otherwise stated