The movement in the group companies and participations that belong to the group recognised under financial fixed assets were as follows:
| | Book value
31-12-2018 | Deposit/
repayment | Dividend | Result 2018 | Book value 31-12-2019 |
Bouwinvest Dutch Institutional Residential Fund NV (0,2%) | 9,926 | - | (227) | 1,132 | 10,831 |
Bouwinvest Dutch Institutional Retail Fund NV (0,3%) | 2,170 | - | (102) | 98 | 2,166 |
Bouwinvest Dutch Institutional Office Fund NV (0,3%) | 2,147 | - | (44) | 431 | 2,534 |
Bouwinvest Asia Pacific Pty Ltd (100%) | - | 102 | - | 23 | 125 |
Bouwinvest North America LLC (100%) | - | - | - | - | - |
Total | 14,243 | 102 | (373) | 1,684 | 15,656 |
Bouwinvest Asia Pacific Pty Ltd (Bouwinvest APAC) is a Bouwinvest subsidiary, founded on 21 December 2018. Acting as a representative office, Bouwinvest APAC advises Bouwinvest on the selection and management of real estate investments in the Asia-Pacific region on the basis of a Service Agreement with Bouwinvest. In addition, the subsidiary provides Bouwinvest with support services, such as market analyses and hold/sell analyses.
Bouwinvest North America LLC (Bouwinvest US) is a Bouwinvest subsidiary, founded on 2 January 2020. Acting as a representative office, Bouwinvest North America LLC advises Bouwinvest on the selection and management of real estate investments on the North American continent on the basis of a Service Agreement with Bouwinvest. In addition, the subsidiary provides Bouwinvest with support services, such as market analyses and hold/sell analyses. No capital was paid in in 2019.