The bank balances of € 21.5 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 profit

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, € 36.4 million (2016: € 33.4 million) was paid as dividend.

As at 31 December 2017, the Fund’s total future commitments amounted to € 8 million (2016: € 30 million).

The Retail Fund’s subsidiairies and members of the Supervisory Board and Board of Directors of  (Bouwinvest) and the other entities under management by Bouwinvest, qualify as related parties of the Retail Fund.

Bouwinvest is the manager and the Statutory Director of the Fund. The management fee paid for the year 2017 amounted to € 4.3 million (2016: € 3.8 million).

The table below shows the fees charged over the year 2017 by Deloitte Accountants B.V. and the Deloitte Network in respect of activities for the Retail Fund.

The Fund has no significant subsequent events that need to be disclosed.