Financial statements

8 Administrative expenses

 20142013
Management fee Bouwinvest13,27413,240
Audit fees3219
Marketing fees2518
Other administrative expenses449519
Legal fees8543
Total administrative expenses13,86513,839
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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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