20142013 Taxes7,0486,176 Insurance189235 Maintenance19,75722,914 Valuation fees470487 Property management fees2,9842,974 Promotion and marketing962733 Letting and lease renewal fees3,6362,959 Other operating

 20142013 Management fee Bouwinvest13,27413,240 Audit fees3219 Marketing fees2518 Other administrative expenses449519 Legal fees8543 Total administrative expenses13,86513,839 Download XLS Where administrative

 20142013 Interest income416 Total finance result416 Download XLS

The Fund is structured as a fiscal investment institution (fiscale beleggingsinstelling, or ‘FII’) within the meaning of Article 28 of the Dutch Corporate Income Tax Act 1969 (Wet op de vennootschapsbelasting 1969).

The Residential Fund has no employees.

 20142013 At the beginning of the year2,535,8542,597,675 Additions:   Transfer from investment property under construction114,46795,399 Investments652965 Total

 20142013 At the beginning of the year57,21360,146 Investments117,35487,979 Transfer to investment property(114,467)(95,399)     Net gain (loss) from fair value adjustments on investment property

 20142013 Trade receivables1,6941,877 Bouwinvest Real Estate Investment Management B.V.

 20142013 Bank deposits- - Bank balances98,11612,481 Balance as at 31 December98,11612,481 Download XLS The cash and cash equivalents (balance and deposits) were freely available to the Fund as at 31 December 2014.

For 2014, before appropriation of result  Issued capitalShare premiumRevaluation reserve*Retained earningsNet result for the yearTotal equity Balance at 1 January