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2020 Annual and interim reports

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  • At a glance
    • 2020 Performance
    • FMO is 50
  • Report of the Management Board
    • Letter of the Management Board
    • About this report
      • Material topics
      • Connectivity table
    • External environment
    • Our strategy
      • Higher impact
      • Deeper relationships
      • Higher productivity
    • Our value creation model
      • Our business model
      • Value creation process
      • Potential risks and opportunities
    • Our investment process
      • Know Your Customer
      • Impact of COVID-19 on our investment process
      • Environmental, social and governance standards
      • How we apply ESG standards in our investment process
      • Lessons learned
    • Our performance
      • COVID-19
      • Higher impact portfolio
        • Core SDGs
        • Sector SDGs
        • ESG risk management
      • Deeper relationships
      • Higher productivity
      • Financial performance
    • 2021 outlook
      • Economic outlook
      • Higher impact portfolio
      • Deeper relationships
      • Higher productivity
    • Our commitments
      • Transparency and accountability
      • Responsible business
      • Other engagements
    • 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
  • Cases and stakeholder interviews
    • COVID-related Investments
    • Impact cases
    • Stakeholder interviews
  • Stakeholder engagement and materiality assessment
    • Materiality assessment
    • Stakeholder dialogue
  • How we report
    • Legal entity
    • Reporting policy
    • Standards and reporting guidelines
    • Reporting governance
    • External assurance
    • Joint Impact Model
    • Other reporting definitions
  • 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 Dutch Government and other public funding
    • Analysis of financial assets and liabilities by measurement basis
      • Fair value of financial assets and liabilities
    • Risk management
      • Capital Adequacy
      • Financial Risk
      • Business 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
    • GRI index
    • GRI material aspects
    • EU Directive reference table
    • Glossary
    • List of abbreviations

Additional information

The provision and the appropriation of the net profit is based upon the Articles of Association and the Agreement State-FMO of November 16, 1998.

Read more ›Additional information

Guarantee provisions in the Agreement State-FMO of November 16, 1998

7.1 To determine whether FMO has grounds for invoking the maintenance obligation (the ‘State’s Maintenance Obligation’) as referred to in Article 7.2.1, the losses incurred by FMO as referred to in Article 7.2.

Read more ›Guarantee provisions in the Agreement State-FMO of November 16, 1998

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