Annual and interim reports

At a glance

Since 1970 we have been a driving force behind investments empowering local entrepreneurs in emerging markets. We believe in a world in which, in 2050, more than 9 billion people live well and within the means of the planet’s resources.

Letter from the Management Board

The effects of the pandemic have continued to dominate the headlines in the first half of 2021. The world has entered a new phase of the pandemic with the rollout of the COVID-19 vaccines and new variants of the virus.

Read more ›Letter from the Management Board

Condensed consolidated balance sheet

Read more ›Condensed consolidated balance sheet

Condensed consolidated profit and loss account

Read more ›Condensed consolidated profit and loss account

Condensed consolidated statement of comprehensive income

Read more ›Condensed consolidated statement of comprehensive income

Condensed consolidated statement of changes in shareholders’ equity

Read more ›Condensed consolidated statement of changes in shareholders’ equity

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:

Read more ›Condensed consolidated statement of cash flows

1 Corporate information

FMO was incorporated in 1970 as a public limited company with 51% of shares held by the Dutch Government and 49% held by commercial banks, state unions and other members of the private sector.

2 Basis of preparation and changes to accounting policies

The condensed consolidated interim accounts as at June 30, 2021 are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU).

Read more ›2 Basis of preparation and changes to accounting policies

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 of 31 December 2020.