The Office Fund has no employees.

The Fund’s investment properties are valued by external valuation experts on a quarterly basis. The external valuation expert is changed every three years.

Investment property is not (re)developed within the Office Fund but via external parties or within Bouwinvest Office Development B.V. As at 31 December 2017 the investment property under construction relates to Hourglass, Building 1931 and Buidling

The deferred tax assets as per 31 December 2017 relate to the loss in Bouwinvest Office Development B.V. The compensable loss at year-end amounted to € 0.3 million.

The bank balances of € 35.4 million are freely available to the Fund as at 31 December 2017. In order to minimalise the costs of the negative interest rate on the bank balances, during 2017 the Fund used 30-day bank deposits.

For 2017, before appropriation of result

The other payables relate to invoices yet to be received for maintenance of and investments in the portfolio.

Basic earnings per share are calculated by dividing the net profit attributable to shareholders by the weighted average number of ordinary shares outstanding during the year.

In 2017, € 16.3 million (2016: € 19.2 million) was paid as dividend.