Financial statements

8 Administrative expenses

 20142013
Management fee Bouwinvest3,0582,896
Audit fees2331
Other administrative expenses14290
Legal fees- -
Other Fund expenses31154
Total administrative expenses3,2543,171
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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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