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annual report

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Home annual report Company financial statements
  • About this report
  • At a glance
    • Investing in inclusive business and sustainable prosperity
  • Report of the Management Board
    • Letter of the Management Board
    • A selection of our investments
    • External environment
    • EU Taxonomy
    • Our strategy
    • Climate action plan
    • Our value creation model
      • Operating context
      • Our business model
      • Value creation
      • Potential risks and opportunities
    • Our investment process
      • External developments affecting our investment process
      • Know Your Customer
      • Environmental, social and governance standards
      • How we apply ESG standards in our investment process
    • Performance against our strategy
      • Factors impacting our portfolio
      • Contributions towards the SDGs
      • Customer and market support
      • Organizational efficiency and business integrity
      • Financial performance
    • Lessons learned
    • 2023 outlook
      • Priorities in 2023
    • In control statement
  • Report of the Supervisory Board
    • Corporate governance
    • Proposals and recommendations to the annual general meeting
    • Members of the Supervisory Board
  • Corporate governance
    • Governance structure
    • Risk management framework
    • Aligned remuneration policies
    • Independent complaints mechanism
    • Corporate governance codes
    • FMO Investment Management BV
  • Annex
    • Stakeholder engagement and materiality assessment
      • Materiality assessment
      • Connectivity table
      • Stakeholder dialogue
    • External commitments
    • How we report
      • Legal entity
      • Reporting policy
      • Standards and reporting guidelines
      • Reporting governance
      • External assurance
      • Joint Impact Model
      • Reporting definitions
  • Consolidated financial statements
    • Consolidated statement of financial position
    • Consolidated statement of profit or loss
    • Consolidated statement of comprehensive income
    • Consolidated statement of changes in shareholders’ equity
    • Consolidated statement of cash flows
    • Accounting policies
      • Corporate information
      • Significant accounting policies
    • Notes to the consolidated financial statements
      • Notes to the statement of financial position: assets
      • Notes to the statement of financial position: liabilities
      • Notes to the consolidated income statement of profit or loss
      • Off-balance sheet information
      • Related party information
      • Subsequent events
      • Notes to the consolidated statement of comprehensive income
      • Notes to the consolidated statement of cash flows
    • Segment information
      • Segment reporting by operating segments
      • Information about geographical areas
      • Disaggregation of revenue
      • Segment reporting of funds managed for the risk of the Dutch Government and other public funding
    • Analysis of financial assets and liabilities by measurement basis
      • Fair value of financial assets and liabilities
    • Risk management
      • Capital Adequacy
      • Financial Risk
      • Business Risk
      • Non-Financial Risk
  • Company financial statements
    • Accounting policies
      • Activities
      • Significant accounting policies
    • Company statement of financial position
    • Company income statement
    • Notes to the company financial statements
      • Notes to the company financial statements
      • Subsequent events
  • Independent Auditor’s and Assurance Reports
  • Additional information
    • Provision in the Articles of Association concerning the appropriation of profit
    • Guarantee provision in the Agreement State-FMO of November 16, 1998
  • Indexes
    • GRI content index
    • GRI material topics
    • EU Directive reference table
    • Glossary
    • List of abbreviations

Activities

The activities of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (hereafter referred to as FMO) consist of financing activities in developing countries to stimulate private-sector development.

Read more ›Activities

Significant accounting policies

The financial statements are prepared in accordance with the financial reporting requirements as included in Part 9 of Book 2 of the Dutch Civil Code with the allowed application of the accounting policies (EU-IFRS) as set forth in the consolidated

Read more ›Significant accounting policies

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FMO

The Netherlands
info@fmo.nl
+31 70 314 96 96
Anna van Saksenlaan 71
2593 HW, The Hague

South Africa
joburg-office@fmo.nl
+27 11 507 2500
3 on Glenhove
Corner Glenhove & Tottenham
Avenue, Melrose Estate 2196
Johannesburg South Africa

Kenya
nairobi-office@fmo.nl
Delta Corner Tower, 17th-floor Waiyaki Way,
Nairobi, Kenya

Costa Rica
sanjose-office@fmo.nl
Escazú Corporate Center, Piso 4 (Norfund office)
San Rafael de Escazú
San Jose, Costa Rica