Segment reporting of funds and programs managed for the risk of the Dutch Government and for other public funding
Funds managed for the risk of the Dutch Government and 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. The funds consist of subsidies provided under the General Administrative Law Act and other official third parties. In case of MASSIF, FMO has an equity stake of 2.16 percent (2022: 2.16 percent). FMO does not consolidate the assets and liabilities, of the Funds managed for the risk of the Dutch Government, in FMO's financial statements. In section ‘Related parties’, the arrangements between the Dutch Government and FMO regarding these funds and programs are described in detail.
Furthermore, FMO provides guarantees and equity investments with resources obtained from other public organizations, such as the European Commission (EC) and the United Kingdom Government. The mandate financing is conducted in line with conditions and objectives of these programs.
Loans and equity managed for the risk of the Dutch Government and other public funding
These loans and equity investments are managed for the risk of the Dutch Government and other programs.
2023 Gross exposure |
2022 Gross exposure |
|
Loans to the private sector |
471,960 |
525,319 |
Equity investments |
397,753 |
418,564 |
Total |
869,713 |
943,883 |
Loans managed for the risk of the Dutch Government and other public funding
The loan portfolio comprises the loans issued by the following funds:
2023 Gross exposure |
2022 Gross exposure |
|
MASSIF |
142,625 |
173,784 |
Building Prospects |
236,640 |
259,261 |
Access to Energy Fund |
63,063 |
75,974 |
Land Use Facility |
29,632 |
16,300 |
Total |
471,960 |
525,319 |
Equity investments managed for the risk of the Dutch Government and other public funding
The equity investments have been made by the following funds:
2023 Gross exposure |
2022 Gross exposure |
|
MASSIF |
224,874 |
232,115 |
Building Prospects |
122,208 |
118,689 |
Access to Energy Fund |
50,671 |
62,151 |
Land Use Facility |
- |
5,609 |
Total |
397,753 |
418,564 |