Statement of profit or loss
All amounts in € thousands
| Note | | 2019 | | 2018 |
Management fee | 12 | | 46,129 | | 38,474 |
| | | | | |
Operating costs | | | | | |
Personnel costs | 13 | 27,868 | | 24,867 | |
Depreciation costs | 1-2 | 1,217 | | 848 | |
Other operating costs | 14 | 12,900 | | 10,410 | |
Total operating costs | | | (41,985) | | (36,125) |
Operating result | | | 4,144 | | 2,349 |
| | | | | |
Result from participations | 15 | | 1,684 | | 1,882 |
| | | | | |
Interest income and expenses | 16 | | (131) | | (95) |
Result before taxes | | | 5,697 | | 4,136 |
| | | | | |
Corporate income tax | 17 | | (1,433) | | (961) |
Result after taxes | | | 4,264 | | 3,175 |