Annual and interim reports

16 Dividends

Due to economic uncertainties caused by the COVID - 19 pandemic, the European Central Bank (ECB) recommended financial institutions including banks not to pay out dividends for financial year 2019 and 2020 till October 2020.

17 Remuneration for services rendered

Remuneration for managing funds and programs is assessed for market conformity. Related management expenses are included in operating expenses.

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18 Tax

Current income tax receivables amount to €48.3 million (December 31, 2019: €46.5 million).

19 Events after the end of the reporting period

There has been no significant subsequent event between the balance sheet date and the date of approval of these accounts which would be reported by FMO.

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20 Related parties

FMO considers the Dutch State, subsidiaries, associated companies, members of the the Executive Committee (ExCo) including the Management Board (MB) and Supervisory Board (SB) as related parties.