Income Statement for Alalay Sa Kaunlaran, Inc.


		2007	2008	2009	2010
Start date		2007-07-01	2008-07-01	2009-07-01	2010-01-01
As of date		2008-06-30	2009-06-30	2009-12-31	2010-12-31
Currency		USD	USD	USD	USD
Financial revenue		3,058,328	4,133,020	2,397,421	5,522,240
Interest and fee income		2,859,312	4,049,879	2,311,492	5,522,240
Revenue from interest		2,353,162	3,286,289	1,896,682	4,366,536
+ Interest income on loan portfolio		2,324,661	3,275,459	1,881,205	4,318,830
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		28,501	10,830	15,477	47,706
Other interest income		—	—	—	—
Fee and commission income		506,151	763,591	414,810	1,155,705
+ Fee and commission income on loan portfolio		429,403	679,471	362,073	0
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		76,748	84,119	52,737	124,489
Fee and commission income from other financial services		736,381	—	—	1,031,216
Other fee and commission income		—	—	—	—
Other operating income		172,982	79,319	83,436	—
Gains (losses) on exchange differences on translation recognised in profit or loss		26,033	3,822	2,493	0
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		537,504	795,883	427,230	1,121,043
Interest and fee expense		537,504	795,883	427,230	1,121,043
Interest expense		496,823	746,204	427,230	1,121,043
Interest expense on borrowings		496,823	746,204	427,230	1,121,043
Interest expense on deposits		0	0	0	0
Interest expense on subordinated debt		—	—	—	—
Fee expense		40,681	49,680	0	0
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		40,681	49,680	—	—
Other fee and commission expense		—	—	—	—
Other financial expense		0	—	—	—
Net impairment loss, gross loan portfolio		282,873	349,202	243,303	637,581
Impairment loss (reversal of impairment loss), gross loan portfolio		282,873	349,202	243,303	637,581
Recoveries on loans written off		0	—	0	0
Operating expense		2,212,298	2,538,364	1,605,217	3,772,122
Personnel expense		1,114,311	1,307,404	825,410	1,919,266
Depreciation and amortisation expense		161,070	169,133	114,284	303,634
Administrative expense		936,916	1,061,826	665,523	1,549,222
Net operating income		128,007	449,571	121,670	-8,505
Non operating income		0	0	0	0
Net Income before taxes and donations		128,007	449,571	121,670	-8,505
Tax expense		102,354	205,694	0	0
Net Income after taxes and before donations		25,653	243,878	121,670	-8,505
Donations		263,672	66,897	21,422	547,790
Net income after taxes and donations		289,325	310,775	143,092	539,285

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