Condensed consolidated balance sheet
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Condensed consolidated profit and loss account
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Condensed consolidated statement of comprehensive income
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Condensed consolidated statement of changes in shareholders’ equity
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Condensed consolidated statement of cash flows
The balance as mentioned in the cash flow statement corresponds with the following items in the consolidated balance sheet:
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1 Corporate information
FMO was incorporated in 1970 as a public limited company with 51% of shares held by the Dutch State and 49% held by commercial banks, state unions and other members of the private sector.
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2 Basis of preparation and changes to accounting policies
The consolidated annual accounts as at December 31, 2018 are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU).
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3 Risk developments
For a detailed overview of FMO’s risk governance and risk management approach please refer to the section "Risk Management" in FMO’s consolidated annual accounts as at December 31,2018.
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4 Segment information
The Management Board sets performance targets, approves and monitors the budgets prepared by the front office servicing units. These shall therefore perform in accordance with the strategy and targets.
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5 Financial Instruments
The following table shows the carrying amounts of financial assets and financial liabilities.
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