Income Statement for Sociedad de Ahorro y Crédito Apoyo Integral S.A.


		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		11,428,612	15,898,290	16,923,700	18,218,000
Interest and fee income		11,321,552	15,773,119	16,923,700	18,218,000
Revenue from interest		8,300,033	11,898,431	12,946,700	14,424,000
+ Interest income on loan portfolio		8,294,011	11,886,156	12,888,600	14,401,000
+ Products (credit)
Loans to corporations	—	—	—	—	—
Retail loans	—	—	—	—	—
Interest income from investments		6,022	12,275	1,400	1,000
Other interest income		—	0	56,700	22,000
Fee and commission income		3,021,519	3,874,688	3,977,000	3,794,000
+ Fee and commission income on loan portfolio		3,021,519	3,863,522	3,977,000	3,794,000
+ 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		—	11,166	0	0
Other fee and commission income		—	0	0	0
Other operating income		107,060	186,214	0	0
Gains (losses) on exchange differences on translation recognised in profit or loss		—	0	—	—
Gains (losses) on disposals of property, plant and equipment		—	-61,043	—	—
Gains (losses) on financial assets		—	—	—	—
Gains (losses) on financial liabilities at fair value through profit or loss		—	0	—	—
Gains (losses) on held-to-maturity investments		—	0	—	—
Gains (losses) on loans and receivables		—	0	—	—
Gains (losses) on available-for-sale financial assets		—	0	—	—
Gains (losses) on financial liabilities at amortised cost		—	0	—	—
Gains (losses) on net monetary position		—	0	—	—
Financial expense		3,431,674	4,674,224	4,916,800	6,229,000
Interest and fee expense		2,651,100	4,618,868	4,907,600	5,250,000
Interest expense		—	3,853,709	4,442,800	4,730,000
Interest expense on borrowings		—	3,853,709	4,442,800	4,730,000
Interest expense on deposits		—	0	0	0
Interest expense on subordinated debt		—	0	0	0
Fee expense		—	765,159	464,800	520,000
Fee and commission expense on deposits		—	0	0	0
Fee and commission expense on borrowings		—	0	0	0
Other fee and commission expense		—	765,159	464,800	520,000
Other financial expense		780,574	55,356	9,200	979,000
Net impairment loss, gross loan portfolio		657,958	1,988,611	3,966,200	874,000
Impairment loss (reversal of impairment loss), gross loan portfolio		657,958	1,988,611	3,966,200	874,000
Recoveries on loans written off		0	0	0	0
Operating expense		5,464,457	7,170,034	7,958,500	10,022,000
Personnel expense		1,859,215	3,722,294	3,933,600	4,690,000
Depreciation and amortisation expense		0	256,058	287,500	306,000
Administrative expense		3,605,242	3,191,682	3,737,400	5,026,000
Net operating income		1,874,523	2,065,421	82,200	1,093,000
Non operating income		-14,816	-34,366	148,400	248,000
Net Income before taxes and donations		1,859,707	2,031,055	230,600	1,341,000
Tax expense		590,171	507,239	21,100	396,000
Net Income after taxes and before donations		1,269,536	1,523,816	209,500	945,000
Donations		0	34,366	0	0
Net income after taxes and donations		1,269,536	1,558,182	209,500	945,000

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