8 Administrative expenses


	2014	2013
Management fee Bouwinvest	2,317	2,430
Audit fees	23	16
Other administrative expenses	121	74
Legal fees	33	6
Other Fund expenses	32	161
Total administrative expenses	2,526	2,687

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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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