9. Management expenses
The management expenses comprise:
2024 | 2023 | |
Salaries | 18 | 17 |
Social security charges | 2 | 3 |
Pension charges | 3 | 2 |
Depreciation expenses | 2 | 4 |
Other operating expenses | 21 | 20 |
Gross property management costs | 46 | 46 |
Presented within net rental income | (16) | (16) |
Total | 30 | 30 |
The gross property management costs were €46 million in 2024 (2023: €46 million), of which €16 million (2023: €16 million) was allocated to the result on property sales, net rental income and charged to acquisition projects. The other operating expenses mainly consists of temporary employee expenses, lease expenses, IT-expenses and advisory fees. 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 (2023: 238), which amounts to an average of 221 FTEs (2023: 220). All employees are employed in the Netherlands.