The management expenses comprise:
| | 2017 | 2016 |
Salaries | 14 | 24 |
Social security charges | 1 | 1 |
Pension charges | 2 | 2 |
Depreciation expenses | 1 | 1 |
Other operating expenses | 11 | 7 |
Gross property management costs | 29 | 35 |
| | | |
Presented within net rental income | (13) | (13) |
| | | |
Total | 16 | 22 |
Management expenses came in at €16 million, significantly less than the €22 million recorded in 2016. This can mainly be explained by the reorganisation provision in 2016 (amounting to €7 million). Back-office activities of the Vesteda organisation have been centralised at the Amsterdam office during 2017.
The Vesteda Companies employed an average of 197 people (2016: 201) during the year; this was an average of 178.8 FTEs (2016: 180.3 FTEs).
All employees are employed in the Netherlands.