Annex 1 | Key figures 2019-20241

1 Please note that these annexes are excluded from the scope of auditor's opinion on the annual financial statements.

2024

2023

2022

2021

2020

2019

New commitments

92,003

70,217

56,920

56,507

75,910

63,833

Total committed portfolio4

491,459

492,614

522,149

557,749

529,784

545,180

Net loans

141,315

100,108

134,666

156,696

182,222

183,460

Equity investments portfolio

205,908

219,269

256,419

274,383

252,341

256,042

Capital contributions

354,840

352,840

352,840

352,840

352,840

358,768

Total assets

443,100

463,434

498,626

481,924

473,551

498,446

Income

Net interest income

13,790

10,533

13,212

10,993

15,491

16,167

Income from equity investments2

-33,554

-6,175

5,594

11,152

7,780

-11,437

Other income

569

-7,280

18,948

38,616

-58,177

3,956

Fx results3

14,727

-10,228

10,015

-19,911

29,275

7,005

Total income

-4,468

-13,150

37,764

28,268

-5,631

15,691

Total expenses

-21,267

-16,551

-16,305

-14,737

-17,938

-16,080

Operating profit before value adjustments

-25,735

-29,701

21,459

13,531

-23,569

-389

Impairments on

Loans and guarantees

4,558

-9,912

-3,013

-8,389

-5,700

-3,489

Total impairments

4,558

-9,912

-3,013

-8,389

-5,700

-3,489

Share in results of associates

-2,309

845

616

-1,468

999

805

Translation Reserve

640

-341

488

510

-584

Net profit

-22,846

-39,109

19,550

4,184

-28,854

-3,878
1 As of 2017 the accrued income is not presented separately but included as part of the carrying value of the relevant financial asset.
2 Excluding unrealized fx results, which are presented under fx results in this table. In the Statement of Comprehensive income, fx results on equity movements are presented under Results from equity investments.
3 As of 2018 not only includes unrealized fx results on loans and other assets, but also on equity investments. Until 2017 unrealized fx results on equity investments were part of Available for Sale reserve. In the Statement of Comprehensive income, fx results on equity are presented under Results from equity investments, and fx results on loan and other assets are presented under Results from financial transactions.
4 Committed portfolio excluding off-balance guarantees.

The new commitments figure reported in the table cannot be compared like for like with the commitments target communicated in the Activity Plan 2024. The amount of €92.003 million in table on this page on MASSIF's 2024 production excludes the U.S. Development Finance Institution (DFC)-funded participations in new commitments and includes Development Contributions (Capacity Development). The target communicated in the Activity Plan 2024 includes the U.S. Development Finance Institution (DFC)-funded participations in new commitments and excludes Development Contributions (Capacity Development). New commitments in 2024 as per the methodology from the Activity Plan 2024 amounts to €95.514 million, in line with the €95 million target for 2024. As mentioned in the production overview, the new commitment for VIH Capital Pte Ltd. was lowered during 2024 due to a partial cancellation. The resulting lower new commitment was included in this figure of €95.514 million.