8 Administrative expenses
2023 | 2022 | |
Management fee Bouwinvest | 4,764 | 4,917 |
Audit fees | 64 | 43 |
Other administrative expenses | 372 | 322 |
Other Fund expenses | 35 | 19 |
Total administrative expenses | 5,235 | 5,301 |
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.
The other administrative expenses consist of legal fees and regulators costs.