13 Dividend income
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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.
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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).
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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.
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Review report
To: The shareholders and supervisory board of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.
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List of abbreviations
Read more ›List of abbreviations