Income Statement for Asociación Arariwa


		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		1,073,968	2,118,508	2,643,574	2,991,306
Interest and fee income		1,059,819	2,243,988	2,557,628	2,955,897
Revenue from interest		1,059,819	2,213,251	2,520,251	2,928,092
+ Interest income on loan portfolio		1,056,407	2,211,019	2,511,407	2,925,613
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		3,412	—	0	0
Other interest income		—	2,232	8,844	2,479
Fee and commission income		0	30,737	37,376	27,805
+ Fee and commission income on loan portfolio		0	2,232	0	0
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	0	0
Fee and commission income from other financial services		—	28,506	32,075	27,491
Other fee and commission income		—	—	5,302	314
Other operating income		14,149	—	0	0
Gains (losses) on exchange differences on translation recognised in profit or loss		—	-125,480	85,946	35,410
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		130,042	334,536	612,330	572,326
Interest and fee expense		82,683	334,536	612,330	572,326
Interest expense		—	310,048	591,164	546,029
Interest expense on borrowings		—	294,012	575,219	441,260
Interest expense on deposits		—	2,683	77	920
Interest expense on subordinated debt		—	—	0	0
Fee expense		—	24,488	21,166	26,297
Fee and commission expense on deposits		—	—	0	0
Fee and commission expense on borrowings		—	—	0	0
Other fee and commission expense		—	24,488	21,166	26,297
Other financial expense		47,359	—	0	0
Net impairment loss, gross loan portfolio		67,364	99,202	472,178	479,498
Impairment loss (reversal of impairment loss), gross loan portfolio		97,791	136,886	509,037	553,580
Recoveries on loans written off		30,427	37,684	36,859	74,082
Operating expense		775,099	1,222,751	1,630,111	1,701,387
Personnel expense		554,565	843,875	1,166,420	1,200,450
Depreciation and amortisation expense		0	40,619	44,570	45,356
Administrative expense		220,534	338,256	419,121	455,581
Net operating income		101,464	462,019	-71,045	238,096
Non operating income		-17,386	-29,408	-14,534	-25,584
Net Income before taxes and donations		84,077	432,611	-85,579	212,512
Tax expense		0	—	0	0
Net Income after taxes and before donations		84,077	432,611	-85,579	212,512
Donations		0	—	0	0
Net income after taxes and donations		84,077	432,611	-85,579	212,512

MFI Report

Global Partners