FMO | annual and interim reports

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. Read more about 1 Corporate information .

10 Interest Expense

Interest expense increased due to increases in the reference rates on FMO's variable rate funding portfolio. Read more about 10 Interest Expense .

11 Dividend income

12 Results from equity investments

Refer to Note 3.3 for details of the movements in results from equity investments. Read more about 12 Results from equity investments .

13 Net fee and commission income

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. Read more about 14 Results from financial transactions .

15 Remuneration for services rendered

Remuneration for managing funds and programs is assessed for market conformity. Related management expenses are included in operating expenses. Read more about 15 Remuneration for services rendered .

16 Tax

Current income tax receivables amount to €32.0 million (December 31, 2022: €20.9 million). Read more about 16 Tax .

17 Related parties

FMO considers the Dutch Government, subsidiaries, associated companies, the Management Board (MB) and the Supervisory Board (SB) as related parties. Read more about 17 Related parties .

18 Dividends

At December 2022, the Management Board and the Supervisory Board proposed no dividend (2021: €12.8 million). The proposal was approved during the General Meeting of Shareholders of April 26, 2023. Read more about 18 Dividends .

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