8 Administrative expenses
2023 | 2022 | |
Management fee Bouwinvest | 5,310 | 6,102 |
Audit fees | 60 | 45 |
Other administrative expenses | 432 | 192 |
Legal fees | 104 | 68 |
Other Fund expenses | 88 | 78 |
Total administrative expenses | 5,994 | 6,485 |
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.