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Members of the Supervisory Board

Details of the members of the Supervisory Board per 31 December 2023, including other positions, are provided in the following table. Read more about Members of the Supervisory Board .

Non-financial risk

Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events, including legal risks, excluding strategic risks. Read more about Non-financial risk .

Note from the Management Board

Welcome to FMO’s interim report 2024. The report reflects FMO’s work in the first six months of this year, showing our commitment to enabling entrepreneurs to increase inclusive and sustainable prosperity. Read more about Note from the Management Board .

Notes to the company statement of financial position

The company financial statements of FMO should be read in conjunction with the consolidated financial statements including the risk management information, segment information and the notes to the consolidated financial statements. Read more about Notes to the company statement of financial position .

Notes to the consolidated statement of cash flows

The balance as mentioned in the cash flow statement corresponds with the following items in the consolidated statement of financial position: Read more about Notes to the consolidated statement of cash flows .

Notes to the consolidated statement of financial position: liabilities and equity

Short-term credits reflect the cash collateral received for derivative contracts held with positive value. Refer also to the section 'Counterparty credit risk' in the 'Risk management' chapter. Read more about Notes to the consolidated statement of financial position: liabilities and equity .

Notes to the consolidated statement of profit or loss

Included in the interest income on loans is €30.7m (2022: €28.8m) related to Stage 3 loans (adjusted on basis of net carrying amount). Read more about Notes to the consolidated statement of profit or loss .

Off-balance sheet information

To meet the financial needs of borrowers, FMO enters into various irrevocable commitments (loan commitments, equity commitments and guarantee commitments) and contingent liabilities. Read more about Off-balance sheet information .

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