3 Financial risk management

The credit risk relating to the receivables is maximised to € 1.3 million in 2023 (2022: € 1.4 million) and the receivables are closely monitored.

4 Critical accounting estimates and judgements

5 Core regions

A spread by core regions is applied in the analysis of the valuation of the investment property portfolio.

6 Gross rental income and service charge income

The Fund leases its property investments in the form of non-cancellable operating leases. The nature of the theoretical rent has an indefinite duration because there are no fixed contract periods.

7 Property operating expenses

Maintenance expenses increased as more maintenance projects were performed in 2023 compared to 2022. In 2023, € 0.5 million (2022: € 0.7 million) of the maintenance expenses related to unlet properties.