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Annual and interim reports

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Home annual report 2021
  • About this report
  • At a glance
    • 2021 Performance
  • Report of the Management Board
    • Letter of the Management Board
    • A selection of our investments
    • External environment
    • EU Taxonomy
    • Our strategy
      • Higher impact
      • Deeper relationships
      • Higher productivity
    • Feature | Climate action
    • Our value creation model
      • Operating context
      • Our business model
      • Potential risks and opportunities
    • Feature | Reduced inequalities
    • Our investment process
      • Impact of COVID-19 on our investment process
      • Know Your Customer
      • Environmental, social and governance standards
      • How we apply ESG standards in our investment process
    • Feature | Innovation and project development
    • Performance against our strategy
      • Factors impacting our portfolio
      • Higher impact portfolio
        • Core SDGs
        • Sector SDGs
        • ESG risk management
      • Deeper relationships
      • Higher productivity
      • Financial performance
    • Lessons learned
    • 2022 outlook
      • Economic outlook
      • Priorities in 2022
    • 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
    • Governance structure
    • Risk management framework
    • Aligned remuneration policies
    • Independent complaints mechanism
    • Corporate governance codes
    • FMO Investment Management BV
  • Stakeholder engagement and materiality assessment
    • Materiality topics
    • Connectivity table
    • Stakeholder dialogue
  • External commitments
  • How we report
    • Legal entity
    • Reporting policy
    • Standards and reporting guidelines
    • Reporting governance
    • External assurance
    • Joint Impact Model
    • 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

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

Company balance sheet

For the year ended December 31, 2021

Read more ›Company balance sheet

Company profit and loss account

For the year ended December 31, 2021

Read more ›Company profit and loss account

Notes to the company balance sheet

The company annual accounts of FMO should be read in conjunction with the consolidated annual accounts including the risk management, segment information and the notes to the consolidated accounts.

Read more ›Notes to the company balance sheet

Subsequent events

On February 24, 2022 the Russian Federation started to invade Ukraine. The move followed shortly after Russian President Putin recognized two Eastern-Ukrainian provinces as independent states and invaded those areas for a “peacekeeping” mission.

Read more ›Subsequent events

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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

Kenya
nairobi-office@fmo.nl
Delta Corner Tower, 17th-floor Waiyaki Way,
Nairobi, Kenya