Leasehold ImprovementsEquipmentTotal 2014Total 2013 Book value as at 1 January9601,0221,9822,932 Investments13931245112 Disposal- - - - Depreciations(334)(431)(765)(962) Book value as at 31

The movement in the group companies recorded as financial fixed assets is as follows:  Book value 31-12-2013DisposalResult 2014Book value 31-12-2014 Phui Energy B.V.4,552(3,983)(569)- DRI I Beheer B.

The movement in the other participations and loans recognised in the financial fixed assets that do not belong to the group are as follows:  Book value 31-12-2013Deposit/ repaymentDividendResult 2014Book value

 20142013 Bouwinvest Dutch Institutional Residential Fund N.V. 503- Bouwinvest Development B.V.

 20142013 Value added tax1,391876 Dividend tax5911 Total1,450887 Download XLS

 20142013 Deferred tax asset4,4704,250 Total4,4704,250 Download XLS  The compensable loss at year-end 2014 amounted to € 18,012,000 (2013: € 20,966,000).

 20142013 Bank balances12,48612,611 Total12,48612,611 Download XLS The cash and cash equivalents are freely available to the company.

Before appropriation of result   Issued capitalShare premiumRetained earningsNet result for the yearTotal equity Balance at 1 January 201422541,367(22,482)4,90324,013 Net result for the year- - -

 20142013 Bouwinvest Dutch Institutional Residential Fund N.V.- 687 Bouwinvest Dutch Institutional Retail Fund N.V. - 150 Bouwinvest Dutch Institutional Office Fund N.

 20142013 Payroll taxes894853 Total894853 Download XLS