17 Trade and other payables

 20142013 Trade payables4,1831,579 Rent invoiced in advance1,9351,107 Tenant deposits4,6733,532 VAT payable8182,324 Other payables833850 Balance as at 31 December12,4429,392 Download XLS The other payables relate

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18 Earnings per share

Basic earnings per share are calculated by dividing the net result attributable to shareholders by the weighted average number of ordinary shares outstanding during the year.

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21 Related parties

The Residential Fund and members of the Supervisory Board and Board of Directors of Bouwinvest Real Estate Investment Management B.V. (Bouwinvest) and the other entities under management by Bouwinvest, qualify as related parties of the Fund.

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22 Remuneration

Bouwinvest is the manager and the Statutory Director of the Fund. The management fee paid for the year 2014 amounted to € 13.3 million (2013: € 13.2 million).

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23 Audit fees

The table below shows the fees charged over the year 2014 by Deloitte Accountants B.V. and the Deloitte Network in respect of activities for the Residential Fund.

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