Income Statement for ACLEDA Bank Plc.


		2008	2009	2010	2011
Start date		2008-01-01	2009-01-01	2010-01-01	2011-01-01
As of date		2008-12-31	2009-12-31	2010-12-31	2011-12-31
Currency		USD	USD	USD	USD
Financial revenue		100,940,664	110,448,626	134,680,614	171,869,229
Interest and fee income		98,784,784	109,017,626	132,273,574	168,082,390
Revenue from interest		88,704,200	96,748,267	114,979,865	145,309,592
+ Interest income on loan portfolio		87,101,304	96,192,120	114,612,166	145,031,916
+ Products (credit)
Loans to financial institutions	—	—	—	—	—
Retail loans	—	—	—	—	—
Interest income from investments		1,602,896	556,147	367,699	277,676
Other interest income		—	—	—	—
Fee and commission income		10,080,584	12,269,359	17,293,709	22,772,798
+ Fee and commission income on loan portfolio		2,276,884	2,089,013	12,147,379	15,863,590
+ Products (credit)
Loans to financial institutions	—	—	—	—	—
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		1,463,687	1,297,091	1,750,220	2,025,118
Fee and commission income from other financial services		5,855,848	6,651,708	—	—
Other fee and commission income		484,165	2,231,547	3,396,110	4,884,090
Other operating income		779,961	166,626	723,617	1,247,078
Gains (losses) on exchange differences on translation recognised in profit or loss		1,280,725	1,195,106	1,683,423	2,539,761
Gains (losses) on disposals of property, plant and equipment		95,194	69,268	—	—
Gains (losses) on financial assets		—	—	—	—
Gains (losses) on financial liabilities at fair value through profit or loss		—	—	—	—
Gains (losses) on held-to-maturity investments		—	—	—	—
Gains (losses) on loans and receivables		—	—	—	—
Gains (losses) on available-for-sale financial assets		—	—	—	—
Gains (losses) on financial liabilities at amortised cost		—	—	—	—
Gains (losses) on net monetary position		—	—	—	—
Financial expense		20,606,456	29,121,986	26,700,025	29,263,055
Interest and fee expense		20,606,456	29,121,986	26,700,025	29,263,055
Interest expense		20,138,332	28,723,907	26,290,861	28,821,902
Interest expense on borrowings		4,061,624	3,671,761	2,951,480	2,490,088
+ Interest expense on deposits		13,144,136	19,922,745	18,054,949	20,807,701
+ Products (deposits)
Deposits from corporations	—	—	—	—	—
Deposits from financial institutions	—	—	—	—	—
Deposits from governments	—	—	—	—	—
Retail deposits	—	—	—	—	—
Interest expense on subordinated debt		2,779,605	4,801,274	4,724,222	4,867,625
Fee expense		468,124	398,079	409,164	441,153
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		—	—	—	—
Other fee and commission expense		468,124	398,079	409,164	441,153
Other financial expense		—	—	0	—
Net impairment loss, gross loan portfolio		2,191,705	2,769,215	3,734,677	3,706,112
Impairment loss (reversal of impairment loss), gross loan portfolio		2,191,705	2,769,215	3,734,677	3,706,112
Recoveries on loans written off		—	0	0	0
Operating expense		53,257,843	66,441,072	70,832,403	77,074,036
Personnel expense		29,192,257	39,242,226	43,462,033	47,397,565
Depreciation and amortisation expense		3,304,492	5,998,775	7,639,771	7,304,835
Administrative expense		20,761,094	21,200,071	19,730,599	22,371,636
Net operating income		24,884,660	12,116,353	33,413,509	61,826,026
Non operating income		—	—	0	0
Net Income before taxes and donations		24,884,660	12,116,353	33,413,509	61,826,026
Tax expense		5,436,185	2,403,809	6,967,739	12,472,670
Net Income after taxes and before donations		19,448,475	9,712,544	26,445,770	49,353,356
Donations		—	0	0	0
Net income after taxes and donations		19,448,475	9,712,544	26,445,770	49,353,356

MFI Report

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