9. Management expenses
The management expenses comprise:
2023 | 2022 | |
Salaries | 17 | 16 |
Social security charges | 3 | 2 |
Pension charges | 2 | 3 |
Depreciation expenses | 4 | 4 |
Other operating expenses | 20 | 18 |
Gross property management costs | 46 | 43 |
Presented within net rental income | (16) | (16) |
Total | 30 | 27 |
Management expenses amounted to €30 million in 2023 which is €3 million higher than in 2022. This is mainly due to higher personnel costs, higher IT costs and higher external staff costs. The gross property management costs and the allocated expenses include the IFRS 16 related costs of €1.3 million.
In the year under review, the company employed an average of 238 people (2022: 237), which amounts to an average of 220 FTEs (2022: 218). All employees are employed in the Netherlands.