9. Management expenses
The management expenses comprise:
2022 | 2021 | |
Salaries | 16 | 16 |
Social security charges | 2 | 2 |
Pension charges | 3 | 2 |
Depreciation expenses | 4 | 4 |
Other operating expenses | 18 | 17 |
Gross property management costs | 43 | 41 |
Presented within net rental income | (16) | (16) |
Total | 27 | 25 |
Management expenses amounted to €27 million in 2022, €2 million higher than in 2021. This is mainly due to higher personnel costs, higher IT costs and lower recharged rental expenses in 2022. The gross property management costs and the allocated expenses include the IFRS 16 related costs of €1.2 million.
In the year under review, the company employed an average of 237 people (2021: 236), which amounts to an average of 218 FTEs (2021: 219). All employees are employed in the Netherlands.