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8 Administrative expenses

 

2015

2014

Management fee Bouwinvest

3,451

3,058

Audit fees

24

23

Other administrative expenses

100

142

Legal fees

-

-

Other Fund expenses

20

31

Total administrative expenses

3,595

3,254

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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