All amounts in € thousands
|  | Note | 2015 | 2014 | 
| Management fee  | 11 |  | 30,503 |  | 27,854 | 
|  |  |  |  |  |  | 
| Operating costs |  |  |  |  |  | 
| Personnel costs | 12 | 17,959 |  | 17,014 |  | 
| Depreciation costs | 1-2 | 654 |  | 765 |  | 
| Other operating costs | 13 | 6,835 |  | 6,812 |  | 
| Total operating costs |  |  | (25,448) |  | (24,591) | 
| Operating result |  |  | 5,055 |  | 3,263 | 
|  |  |  |  |  |  | 
| Result from participations | 14 |  | 841 |  | (331) | 
|  |  |  |  |  |  | 
| Interest income | 15 |  | -   |  | 21 | 
| Result before taxes |  |  | 5,896 |  | 2,953 | 
|  |  |  |  |  |  | 
| Corporate income tax | 16 |  | (1,474) |  | 220 | 
| Result after taxes |  |  | 4,422 |  | 3,173 |