Balance sheet

At December 31, 2018

 

2018

2017 1

Assets

  

Banks

14,363

15,248

Short-term deposits

37,969

29,115

Derivatives financial instruments

-

89

Loan portfolio

186,119

172,081

Equity investments

252,854

235,761

Investments in associates

5,681

5,066

Current account with FMO

-

67

Other receivables

1,601

690

Accrued income

8

-

Total assets

498,595

458,117

   

Liabilities

  

Current account with FMO

264

0

Other liabilities

-

299

Accrued liabilities

6

53

Provisions

274

-

Total liabilities

544

352

   

Fund capital

  

Contribution DGIS previous years

335,961

324,753

Contribution DGIS current year

15,029

11,208

Total contribution DGIS

350,990

335,961

   

Initial contribution FMO

7,778

7,778

Total contribution FMO

7,778

7,778

   

Available for sale reserve

-

70,273

Translation reserve

621

362

Other reserves

68,697

-

Undistributed results previous years

63,327

86,900

Net profit

30,276

-23,573

Grants

-21,263

-18,420

Evaluation costs

-2,375

-1,516

Total fund capital

498,051

457,765

   

Total liabilities and shareholders' equity

498,595

458,117

   

Effective guarantees issued

2,270

-

Irrevocable facilities

92,120

107,947

   

Total subsidy beschikking MASSIF (plus HMA Skopje)

345,096

345,096

Total subsidy received from DGIS for MASSIF

343,246

328,217

"Beschikkingsruimte MASSIF"

1,850

16,971

Subisidy "beschikking" and received G-20 SME Finance Challenge ended at 10-1-2018

7,744

7,744

  • 1 As of 2017 the accrued income is not presented separately but included as part of the carrying value of the relevant financial asset.