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Financial statements

8 Administrative expenses

 

2019

2018

Management fee Bouwinvest

4,359

3,371

Audit fees

58

38

Other administrative expenses

12

122

Legal fees

4

12

Other Fund expenses

51

175

Total administrative expenses

4,484

3,718

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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