Annual and interim reports

14 Results from financial transactions

The movement for results from financial transactions can be mainly explained by changes in valuations for derivatives and FX results.

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15 Remuneration for services rendered

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

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16 Tax

Current income tax receivables amount to €13.9 million (December 31, 2021: Payable €36.9 million).

17 Related parties

FMO considers the Dutch Government, subsidiaries, associated companies, the Management Board (MB) and the Supervisory Board (SB) as related parties.

18 Dividends

At December 2021, the Management Board and the Supervisory Board proposed distributing a sum of €12.8 million (2020: €0) as cash dividend to shareholders.

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 impact the interim accounts as per June 30, 2022.

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Independent auditor's review report

To: The shareholders and supervisory board of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.

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List of abbreviations

Additional information

FMO N.V.