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Financial statements

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8 Administrative expenses

 

2022

2021

Management fee Bouwinvest

6,102

5,908

Audit fees

45

51

Other administrative expenses

192

266

Legal fees

68

16

Other Fund expenses

78

58

Total administrative expenses

6,485

6,299

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.

Other Fund expenses relate to regulators' costs and sustainability development.