Corporate information

The 2019 financial statements of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (hereafter referred to as ‘FMO’ or ‘the company’) were prepared by members of the Executive Committee and signed by all members of the Management

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Consolidated balance sheet

As at 31 December 2019

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Consolidated profit and loss account

For the year ended 31 December 2019

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Consolidated statement of comprehensive income

For the year ended 31 December 2019

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Consolidated statement of changes in shareholders' equity

For the year ended 31 December 2019

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Consolidated statement of cash flows

For the year ended 31 December 2019

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Significant accounting policies

The consolidated annual accounts (the ‘annual accounts’) have been prepared in accordance with International Financial Reporting Standards (‘IFRS’) as endorsed by the European Union and with Part 9 of Book 2 of the Dutch Civil Code for the financial

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Risk management

This chapter provides an overview of FMO's risk governance and risk management approach. The sections describe the key risk domains relevant for FMO and developments throughout 2019.

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Enterprise Risk

Capital is central to a bank’s ability to absorb unexpected losses and to be able to continue its operations. FMO aims to maintain a strong capital position that meets regulatory requirements and supports its AAA rating.

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Financial Risk

Investment risk is defined as the risk that actual investment returns will be lower than expected returns, and encompasses credit, equity, concentration and counterparty credit risks.

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