Income Statement for Palestine for Credit & Development


		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		1,008,860	1,432,698	2,249,702	3,493,020
Interest and fee income		1,008,869	1,424,752	2,145,265	3,472,611
Revenue from interest		943,104	1,182,768	1,814,074	2,993,719
+ Interest income on loan portfolio		702,599	1,079,115	1,802,751	2,991,453
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		234,082	103,653	11,323	2,266
Other interest income		6,423	0	0	—
Fee and commission income		65,765	241,984	331,191	478,892
+ Fee and commission income on loan portfolio		52,338	226,450	314,200	1,798
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		1,909	1,578	707	32,709
Fee and commission income from other financial services		0	0	0	—
Other fee and commission income		11,518	13,956	16,284	444,385
Other operating income		0	2,138	106,407	19,568
Gains (losses) on exchange differences on translation recognised in profit or loss		-9	-622	-2,108	-10
Gains (losses) on disposals of property, plant and equipment		0	6,430	138	851
Gains (losses) on financial assets		—	—	—	—
Gains (losses) on financial liabilities at fair value through profit or loss		0	0	0	—
Gains (losses) on held-to-maturity investments		0	0	0	—
Gains (losses) on loans and receivables		0	0	0	—
Gains (losses) on available-for-sale financial assets		0	0	0	—
Gains (losses) on financial liabilities at amortised cost		0	0	0	—
Gains (losses) on net monetary position		0	0	—	—
Financial expense		0	2,640	20,961	153,699
Interest and fee expense		0	2,640	20,961	153,699
Interest expense		0	2,640	20,961	153,699
Interest expense on borrowings		0	2,640	20,961	153,699
Interest expense on deposits		0	0	0	0
Interest expense on subordinated debt		0	0	0	—
Fee expense		0	0	0	0
Fee and commission expense on deposits		0	0	0	—
Fee and commission expense on borrowings		0	0	0	—
Other fee and commission expense		0	0	0	—
Other financial expense		0	0	0	—
Net impairment loss, gross loan portfolio		220,515	506,933	440,704	-18,950
Impairment loss (reversal of impairment loss), gross loan portfolio		229,567	543,370	473,881	11,182
Recoveries on loans written off		9,052	36,437	33,177	30,132
Operating expense		874,330	1,224,546	1,332,776	1,695,680
Personnel expense		614,860	755,867	779,581	1,000,394
Depreciation and amortisation expense		38,705	41,920	42,441	49,375
Administrative expense		220,765	426,759	510,754	645,911
Net operating income		-85,985	-301,421	455,260	1,662,591
Non operating income		16,226	563	0	0
Net Income before taxes and donations		-69,759	-300,858	455,260	1,662,591
Tax expense		0	0	0	0
Net Income after taxes and before donations		-69,759	-300,858	455,260	1,662,591
Donations		49,675	513,029	234,073	35,453
Net income after taxes and donations		-20,084	212,171	689,333	1,698,044

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