Financial statements

8 Administrative expenses

 20142013
Management fee Bouwinvest2,3172,430
Audit fees2316
Other administrative expenses 12174
Legal fees336
Other Fund expenses32161
Total administrative expenses2,5262,687
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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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