157 / 220
\ 151
Notes to the Consolidated Accounts
\ Annual Accounts
NOTE 6.
NET REDECORATION EXPENSES
(x €1,000)
2013
2012
Costs payable by the tenant and borne by the landlord on rental damage and redecoration at end of lease
1,277
1,766
Recovery of property charges
-101
-756
TOTAL
1,176
1,010
The recovery of property charges exclusively comprises indemnities on rental damage.
NOTE 8.
TECHNICAL COSTS
(x €1,000)
2013
2012
Recurrent technical costs
5,202
5,097
Repairs
4,719
4,452
Insurance premiums
483
645
Non-recurrent technical costs
-88
1,146
Major repairs (building companies, architects, engineering offices, etc.)
1
307
1,061
Damage expenses
-395
85
Losses providing from disasters and subject to insurance cover
270
247
Insurance compensation for losses providing from disasters
-665
-162
TOTAL
5,114
6,243
NOTE 7.
CHARGES AND TAXES NOT RECOVERED FROM THE TENANT ON LET PROPERTIES
(x €1,000)
2013
2012
Recovery income of charges and taxes normally payable by the tenant on let properties
48,826
41,581
Rebilling of rental charges invoiced to the landlord
20,098
17,007
Rebilling of withholding taxes and other taxes on let properties
28,728
24,574
Charges and taxes normally payable by the tenant on let properties
-51,202
-43,549
Rental charges invoiced to the landlord
-20,420
-17,341
Withholding taxes and other taxes on let properties
-30,782
-26,208
TOTAL
-2,376
-1,968
Under usual lease terms, these charges and taxes are borne by the tenants through rebilling. However, a number of lease contracts of the Group provide
otherwise, leaving taxes or charges to be borne by the landlord.
The charges and taxes not recovered at 31.12.2013 mainly include charges of €1.2 million not recovered on the Livingstone I and II buildings.
NOTE 9.
COMMERCIAL COSTS
(x €1,000)
2013
2012
Letting fees paid to real estate brokers
602
595
Advertising
23
178
Fees paid to lawyers and other experts
331
318
TOTAL
956
1,091
1
Except for capital expenditures.