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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

Corporate information

The 2019 financial statements of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (hereafter referred to as ‘FMO’ or ‘the company’) were prepared by members of the Executive Committee and signed by all members of the Management

Read more ›Corporate information

Significant accounting policies

The consolidated annual accounts (the ‘annual accounts’) have been prepared in accordance with International Financial Reporting Standards (‘IFRS’) as endorsed by the European Union and with Part 9 of Book 2 of the Dutch Civil Code for the financial

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
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Corner Glenhove & Tottenham
Avenue, Melrose Estate 2196
Johannesburg South Africa