Asset Buyout Partners Annual Report 2020

Note 16 Property related costs and other operating expenses Property related costs Figures in NOK 2020 2019 Maintenance 19 706 085 14 902 774 Property administrative expenses 11 347 904 10 603 745 Insurance 1 544 644 1 625 118 Property tax 3 851 503 3 945 647 Other operating expenses 2 306 716 2 591 504 Property operating expenses 38 756 852 33 668 788 Other property related expenses 1 770 828 2 259 960 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 2020 2019 Salary and personnel costs 34 523 873 21 524 218 IT and communication costs 1 048 212 978 240 Professional services 7 931 946 6 690 064 Depreciations 372 417 329 353 Office costs, fixtures and equipment 1 933 904 1 961 764 Other administrative expenses 2 648 351 3 164 988 Total administrative expenses 48 458 702 34 648 628 Note 17 Employee benefit expense Figures in NOK 2020 2019 Wages and salaries 29 804 167 17 518 926 Social security costs 3 369 522 2 911 927 Pension costs 1 271 228 1 069 236 Other benefits 78 956 24 129 Total Salary and personnel costs 34 523 873 21 524 218 Average full time employees 15,0 12,5 Asset Buyout Partners | Annual Report 2020 38