Skip to website navigation Skip to article navigation Skip to content

A page refresh occures when a subject is selected.

Skip article navigation.

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.