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FMO Financierings-Maatschappij voor Ontwikkelingslanden Back to Home

2022 MASSIF FUND

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  • 2022
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Home 2022
  • At a glance
  • Letter from the MB of the Fund Manager
  • Performance on our strategy
    • Highlights
    • Production
    • Sales and exits
    • Production capacity development
  • International principles
  • List of abbreviations
  • Annual accounts
    • Statement of financial position
    • Statement of comprehensive income
    • Statement of changes in fund capital
    • Statement of cash flows
    • Summary of accounting policies
    • Notes to the annual accounts
    • Risk management
  • Independent auditor's report
  • Colophon

Statement of financial position

At December 31

Read more ›Statement of financial position

Statement of changes in fund capital

At December 31

Read more ›Statement of changes in fund capital

Statement of comprehensive income

At December 31

Read more ›Statement of comprehensive income

Statement of cash flows

At December 31

Read more ›Statement of cash flows

Summary of accounting policies

MASSIF ("the Fund") was established in 2006 by the Dutch Ministry of Foreign Affairs to provide risk capital and local currency financing to financial intermediaries in developing countries who in turn serve micro- and small scale entrepreneurs and

Read more ›Summary of accounting policies

Notes to the annual accounts

The cash on bank accounts can be freely disposed of. All bank accounts are classified as Stage 1.

Read more ›Notes to the annual accounts

Risk management

For FMO, acting in its role as Fund Manager (hereafter ‘FMO’), to be able to carry out the Fund’s strategy, it is essential to have an adequate risk management system in place to identify, measure, monitor and mitigate financial risks.

Read more ›Risk management

Quicklinks

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FMO

The Netherlands
+31 70 314 96 96
info@fmo.nl

South Africa
+27 11 507 2500
joburg-office@fmo.nl

 

Kenya
nairobi-office@fmo.nl

Costa Rica 
sanjose-office@fmo.nl