Asset Buyout Partners Annual Report 2019

Note 16 Property related costs and other operating expenses Property related costs Figures in NOK 2019 2018 Maintenance 14 902 774 9 166 705 Property administrative expenses 10 603 745 8 189 616 Insurance 1 625 118 1 082 608 Property tax 3 945 647 3 359 236 Other operating expenses 2 591 504 2 114 266 Property operating expenses 33 668 788 23 912 432 Other property related expenses 2 259 960 2 822 268 Other property related expenses are expenses not related to operating expenses. These expenses are related to integration of existing and aquired properties in to ABP’s platform of systems and other non-recurring expenses. Administrative expenses Figures in NOK 2019 2018 Salary and personnel costs 21 524 218 17 382 843 IT and communication costs 978 240 730 143 Professional services 6 690 064 6 045 664 Depreciations 329 353 280 977 Office costs, fixtures and equipment 1 961 764 1 571 745 Other administrative expenses 3 164 988 3 414 947 Total administrative expenses 34 648 628 29 426 319 Note 17 Employee benefit expense Figures in NOK 2019 2018 Wages and salaries 17 518 926 12 870 505 Social security costs 2 911 927 2 401 005 Pension costs 1 069 236 876 171 Other benefits 24 129 1 235 163 Total Salary and personnel costs 21 524 218 17 382 843 Average full time employees 12,5 11,3 Asset Buyout Partners | Annual Report 2019 38