Income Statement for Fundación AgroCapital


		2007	2008	2009	2010
Start date		2007-01-01	2008-01-01	2009-01-01	2010-01-01
As of date		2007-12-31	2008-12-31	2009-12-31	2010-12-31
Currency		USD	USD	USD	USD
Financial revenue		4,634,394	5,143,351	6,549,508	5,869,684
Interest and fee income		4,408,961	5,528,332	6,134,972	5,523,880
Revenue from interest		4,408,961	5,525,280	6,132,609	5,521,979
+ Interest income on loan portfolio		4,260,088	5,387,586	6,060,069	5,503,525
+ Products (credit)
Loans to corporations	—	—	—	—	—
Retail loans	—	—	—	—	—
Interest income from investments		148,874	123,534	69,554	18,453
Other interest income		—	14,159	2,986	2
Fee and commission income		0	3,052	2,364	1,900
+ Fee and commission income on loan portfolio		0	0	0	0
+ Products (credit)
Loans to corporations	—	—	—	—	—
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	0	0	0
Fee and commission income from other financial services		—	0	0	0
Other fee and commission income		—	3,052	2,364	1,900
Other operating income		225,433	328,538	386,486	379,813
Gains (losses) on exchange differences on translation recognised in profit or loss		—	-713,518	28,049	-34,009
Gains (losses) on disposals of property, plant and equipment		—	—	—	—
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		1,134,312	1,433,936	1,575,005	1,231,583
Interest and fee expense		1,083,260	1,413,861	1,553,802	1,193,223
Interest expense		—	1,369,052	1,533,268	1,122,667
Interest expense on borrowings		—	1,300,452	1,483,748	1,120,235
Interest expense on deposits		—	0	0	0
Interest expense on subordinated debt		—	0	0	0
Fee expense		—	44,809	20,534	70,556
Fee and commission expense on deposits		—	0	0	0
Fee and commission expense on borrowings		—	0	0	0
Other fee and commission expense		—	44,809	20,534	70,556
Other financial expense		80,507	20,075	21,203	38,360
Net impairment loss, gross loan portfolio		28,668	308,730	241,316	-326,876
Impairment loss (reversal of impairment loss), gross loan portfolio		180,619	524,166	424,429	39,323
Recoveries on loans written off		151,951	215,436	183,113	366,199
Operating expense		2,694,795	3,700,901	4,377,787	4,747,851
Personnel expense		1,381,211	1,917,129	2,311,366	2,517,370
Depreciation and amortisation expense		218,480	209,456	243,481	253,982
Administrative expense		1,095,104	1,574,316	1,822,940	1,976,500
Net operating income		776,618	-300,217	355,399	217,125
Non operating income		-93,892	-38,275	49,024	-962
Net Income before taxes and donations		682,726	-338,492	404,422	216,163
Tax expense		0	0	0	0
Net Income after taxes and before donations		682,726	-338,492	404,422	216,163
Donations		0	0	23,429	0
Net income after taxes and donations		682,726	-338,492	427,852	216,163

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