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2023 Annual and interim reports

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  • At a glance
    • 2019 Performance
    • 2019 Highlights
  • Report of the Executive Committee
    • Letter from the Executive Committee
    • About this report
      • Stakeholder dialogue
      • Material topics
      • Stakeholder engagement on material topics
      • Connectivity table
    • External environment
    • Our value creation model
      • Our business model
      • Value creation process
      • FMO in the public domain
    • Our investment process
      • Environmental, social and governance standards
      • How we apply ESG standards in our investment process
    • Our strategy
      • Higher impact
      • Deeper relationships
      • Higher productivity
    • Our performance
      • Higher impact portfolio
      • Deeper relationships
      • Higher productivity
      • Financial performance
    • Our commitments
      • Transparency and accountability
      • Responsible business
      • Other engagements
    • 2020 outlook
      • Economic outlook
      • Higher impact portfolio
      • Deeper relationships
      • Higher productivity
    • In control statement
  • Report of the Supervisory Board
    • Corporate governance
    • Proposals and recommendations to the annual general meeting
    • Members of the Supervisory Board
  • Corporate governance
    • Articles of association
    • Governance structure
    • Risk management framework
    • Aligned remuneration policies
    • Independent complaints mechanism
    • Corporate governance codes
    • FMO Investment Management BV
  • How we report
    • Legal entity
    • Reporting policy
    • Standards and reporting guidelines
    • External assurance
    • Materiality determination process
    • FMO impact model
    • Other reporting definitions
  • Cases and dilemmas
    • Case | A partnership to promote sustainable banking
    • Case | 2X Challenge: Mobilizing the world’s great untapped resource
    • Case | Regenerating a region’s economy and ecology
    • Case |India: a pivotal role in achieving the SDGs
    • Case | All-inclusive support for smallholder Nicaraguan coffee producers
    • Complex projects | Dealing with multiple dilemmas
    • Dilemma | Invest in non-renewables or help the energy transition?
    • Dilemma | Distorting commercial debt markets vs. attracting private investment
    • Dilemma |Financing some sectors increases the risk of supporting tax avoidance
    • Dilemma | How should you respond when shares switch into questionable hands?
    • Dilemma| What if mobilizing private investment means undermining your own profits?
    • Dilemma |Can you fund projects linked to sectors with a bad reputation?
  • Consolidated annual accounts
    • Consolidated balance sheet
    • Consolidated profit and loss account
    • Consolidated statement of comprehensive income
    • Consolidated statement of changes in shareholders’ equity
    • Consolidated statement of cash flows
    • Accounting policies
      • Corporate information
      • Significant accounting policies
    • Notes to the consolidated annual accounts
      • Notes to the consolidated balance sheet: assets
      • Notes to the consolidated balance sheet: liabilities
      • Notes to the consolidated profit and loss account
      • Off-balance sheet information
      • Related party information
      • Subsequent events
      • Notes to the consolidated statement of comprehensive income
      • Notes to the consolidated statement of cash flows
    • Segment information
      • Segment reporting by operating segments
      • Information about geographical areas
      • Disaggregation of revenue
      • Segment reporting of funds managed for the risk of the state
    • Analysis of financial assets and liabilities by measurement basis
      • Fair value of financial assets and liabilites
    • Risk management
      • Enterprise Risk
      • Financial Risk
      • Non-Financial Risk
  • Company annual accounts
    • Accounting policies
      • Activities
      • Significant accounting policies
    • Company balance sheet
    • Company profit and loss account
    • Notes to the company annual accounts
      • Notes to the company balance sheet
      • Subsequent events
  • Combined Independent Auditor’s and Assurance Report
  • Additional information
    • Provision in the Articles of Association concerning the appropriation of profit
    • Guarantee provision in the Agreement State-FMO of November 16, 1998
  • Indexes
    • E&S issues table
    • GRI index
    • GRI material aspects
    • EU Directive reference table
    • Glossary
    • List of abbreviations

Activities

The activities of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (hereafter referred to as FMO) consist of financing activities in developing countries to stimulate private-sector development.

Read more ›Activities

Significant accounting policies

The annual accounts are prepared in accordance with the financial reporting requirements as included in Part 9 of Book 2 of the Dutch Civil Code with the allowed application of the accounting policies (EU-IFRS) as set forth in the consolidated

Read more ›Significant accounting policies

Quick links

  • Download Annual Report 2019

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FMO

The Netherlands
info@fmo.nl
+31 70 314 96 96
Anna van Saksenlaan 71
2593 HW, The Hague

 

South Africa
joburg-office@fmo.nl
+27 11 507 2500
3 on Glenhove
Corner Glenhove & Tottenham
Avenue, Melrose Estate 2196
Johannesburg South Africa