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Financial statements

8 Administrative expenses

 

2015

2014

Management fee Bouwinvest

14,318

13,274

Audit fees

34

32

Marketing fees

163

25

Other administrative expenses

418

449

Legal fees

16

85

Total administrative expenses

14,949

13,865

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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