Each quarter, we compare energy use in quarterly benchmarking reports, giving us a clear overview of the energy use per building.
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Bouwinvest Dutch Institutional Office Fund N.V. (the Office Fund) was established in 2010. Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid (bpfBOUW, the pension fund for the construction industry) is the Office Fund’s anchor investor.
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The Office Fund is structured as an investment company with variable capital, as defined in article 2:76a of the Dutch Civil Code, with its corporate seat in Amsterdam, the Netherlands.
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All amounts in € thousands unless otherwise stated
Note 2014 2013
Gross rental income637,920 37,784
Service charge income66,640 8,188
Other income 1,805 807
Revenues 46,365
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Before appropriation of result, all amounts in € thousands
As at 31 DecemberNote20142013
Assets
Non-current assets
Investment property12553,353445,979
Investment property under
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For 2014, before appropriation of result, all amounts in € thousands
Issued capitalShare premiumRevaluation reserve*Retained earningsNet result for the yearTotal equity
Balance at 1 January
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All amounts in € thousands
Note20142013
Operating activities
Rental receipts 40,39235,103
Service charge receipts 9,2377,909
Operating payments (10,094)(7,164)
Service charge
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The Office Fund is a public limited liability company incorporated under the laws of the Netherlands, with its corporate seat in Amsterdam, the Netherlands.
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.
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3.1 Financial risk factors
The risk management function within the Fund is carried out with respect to financial risks.
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