Annual and interim reports

11 Interest Expense

12 Net fee and commission income

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13 Dividend income

14 Results from equity investments

Read more ›14 Results from equity investments

15 Results from financial transactions

Results from financial transactions show a loss of EUR 32 million during first half of 2020. The loss is mainly driven by valuation of derivatives due to market volatility on the financial markets.

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16 Dividends

Due to economic uncertainties caused by the COVID - 19 pandemic, the European Central Bank (ECB) recommended financial institutions including banks not to pay out dividends for financial year 2019 and 2020 till October 2020.

17 Remuneration for services rendered

Remuneration for managing funds and programs is assessed for market conformity. Related management expenses are included in operating expenses.

Read more ›17 Remuneration for services rendered

18 Tax

Current income tax receivables amount to €48.3 million (December 31, 2019: €46.5 million).

19 Events after the end of the reporting period

There has been no significant subsequent event between the balance sheet date and the date of approval of these accounts which would be reported by FMO.

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20 Related parties

FMO considers the Dutch State, subsidiaries, associated companies, members of the the Executive Committee (ExCo) including the Management Board (MB) and Supervisory Board (SB) as related parties.