Invested capital
Distribution invested capital
Distribution invested capital funds and mandates
x € thousand, unless stated otherwise
| | 2019 | 2018 |
Europe Mandate | 1,190,287 | 1,105,832 |
North America Mandate | 1,369,889 | 1,170,903 |
Asia-Pacific Mandate | 1,063,245 | 893,324 |
Dutch Residential Fund | 6,529,289 | 5,761,761 |
Dutch Retail Fund | 979,393 | 969,680 |
Dutch Office Fund | 1,077,155 | 771,241 |
Dutch Hotel Fund | 333,192 | 259,111 |
Dutch Healthcare Fund | 262,368 | 178,443 |
Other | 128,637 | 167,516 |
| | 12,933,455 | 11,277,811 |
Return on invested capital
Transactions
x € million
Transactions | 2019 | 2018 |
International | | |
Europe Mandate | 114 | 100 |
North America Mandate | 218 | 442 |
Asia-Pacific Mandate | 171 | 311 |
| | 503 | 853 |
| | | |
The Netherlands | | |
Dutch Residential Fund | 422 | 480 |
Dutch Retail Fund | 8 | 53 |
Dutch Office Fund | - | 167 |
Dutch Hotel Fund | 25 | - |
Dutch Healthcare Fund | 85 | 57 |
| | 540 | 757 |
| | | |
Total | 1,043 | 1,610 |
Overview Responsible Investment & Business
Key information over five years
x € thousand, unless stated otherwise
| | 2019 | 2018 | 2017 | 2016 | 2015 |
| | | | | | |
Number of shares (actual) | 225,000 | 225,000 | 225,000 | 225,000 | 225,000 |
| | | | | | |
Net result | 4,264 | 3,175 | 4,660 | 2,595 | 4,422 |
Per share | 18.95 | 14.11 | 20.71 | 11.53 | 19.65 |
| | | | | | |
Assets under management | 12,933,455 | 11,277,811 | 9,424,012 | 8,456,869 | 7,495,325 |
| | | | | | |
Total assets | 47,952 | 47,301 | 43,287 | 36,889 | 33,010 |
| | | | | | |
Shareholders’ equity | 34,416 | 33,152 | 33,977 | 29,317 | 29,422 |
Per share | 152.96 | 147.34 | 151.01 | 130.30 | 130.76444 |
| | | | | | |
Solvency ratio | 72% | 70% | 78% | 79% | 89% |
| | | | | | |
Management fee income | 46,129 | 38,474 | 34,288 | 30,722 | 30,503 |
| | | | | | |
Personnel costs | 27,868 | 24,867 | 20,846 | 19,276 | 17,959 |
Number of FTEs (year-end) | 184.7 | 169.7 | 152.5 | 136.6 | 131.1 |
Personnel costs per FTE | 150.9 | 146.5 | 136.7 | 141.1 | 137.0 |
Fee per FTE | 249.8 | 226.7 | 224.8 | 224.9 | 232.7 |