Segment Reporting by Funds Managed for the Risk of the State
FMO and funds managed for the risk of the State
Apart from making disbursements from its own resources, FMO provides loans, guarantees and equity investments from special government funds, within the conditions and objectives of these facilities. The funds consist of subsidies provided under the General Administrative Law Act and other official third parties. In the case of MASSIF, FMO has an equity stake of 2.66% (2010: 2.66%). In 'related parties', the relationship between the State and FMO regarding these funds and programs is described in detail.
Loans and equity managed for the risk of the State
These loans and equity investments are managed for the risk of the State.
|
|
2011
|
2010
|
|
Loans
|
323,536
|
325,150
|
|
Equity investments
|
222,900
|
179,861
|
|
Total
|
546,436
|
505,011
|
Loans managed for the risk of the State
The loan portfolio comprises the loans issued by the following funds.
|
|
2011
|
2010
|
|
MASSIF
|
139,118
|
154,000
|
|
LDC Infrastructure Fund
|
152,138
|
143,408
|
|
Access to Energy Fund
|
32,280
|
27,742
|
|
Total
|
323,536
|
325,150
|
|
|
|
|
Equity investments managed for the risk of the State
The equity investments have been made by the following funds:
|
|
2011
|
2010
|
|
MASSIF
|
139,007
|
118,131
|
|
LDC Infrastructure Fund
|
75,239
|
50,584
|
|
European Investment Bank
|
4,989
|
5,812
|
|
Access to Energy Fund
|
3,665
|
5,334
|
|
Total
|
222,900
|
179,861
|