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Home annual report Consolidated 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

Segment reporting by operating segments

The Management Board sets performance targets, approves and monitors the budgets prepared by servicing units. Servicing units are not identical to the strategic sectors.

Read more ›Segment reporting by operating segments

Information about regions

FMO operates in the following four regions: Africa, Asia, Europe & Central Asia, Latin America & the Caribbean.

Read more ›Information about regions

Disaggregation of revenue

The following table sets out the disaggregation of the remuneration for services rendered based on the primary region. The table also includes a reconciliation of the remuneration of services rendered with FMO’s operating segments.

Read more ›Disaggregation of revenue

Segment reporting of funds and programs managed for the risk of the Dutch Government and for other public funding

Apart from financing from its own resources, FMO provides loans, guarantees and equity investments from special government funds, within the conditions and objectives of these programs.

Read more ›Segment reporting of funds and programs managed for the risk of the Dutch Government and for other public funding

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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
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+27 11 507 2500
3 on Glenhove
Corner Glenhove & Tottenham
Avenue, Melrose Estate 2196
Johannesburg South Africa

Kenya
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Delta Corner Tower, 17th-floor Waiyaki Way,
Nairobi, Kenya

Costa Rica
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Escazú Corporate Center, Piso 4 (Norfund office)
San Rafael de Escazú
San Jose, Costa Rica