Income Statement for First MicroFinanceBank Ltd - Pakistan


		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		5,787,431	8,407,481	13,193,931	14,656,636
Interest and fee income		5,762,805	8,351,464	13,132,466	14,639,235
Revenue from interest		5,310,089	7,462,332	11,856,611	13,470,605
+ Interest income on loan portfolio		3,852,012	6,291,287	9,840,501	10,326,139
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		1,458,077	1,171,045	977,212	2,695,473
Other interest income		—	—	1,038,897	448,992
Fee and commission income		452,716	889,132	1,275,855	1,168,630
+ Fee and commission income on loan portfolio		452,716	831,403	1,206,455	1,110,039
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	—	—
Fee and commission income from other financial services		—	—	—	58,591
Other fee and commission income		—	57,728	69,400	—
Other operating income		24,626	44,843	61,465	87,285
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	—	—
Gains (losses) on disposals of property, plant and equipment		—	-16,300	—	-69,883
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		1,645,158	2,348,399	4,989,027	5,721,327
Interest and fee expense		1,246,532	2,348,399	4,989,027	5,721,327
Interest expense		—	2,348,399	4,989,027	5,721,327
Interest expense on borrowings		—	188,707	13,441	0
+ Interest expense on deposits		—	2,159,692	4,975,586	5,721,327
+ Products (deposits)
Retail deposits	—	—	—	—	—
Interest expense on subordinated debt		—	—	—	—
Fee expense		—	—	0	0
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		—	—	—	—
Other fee and commission expense		—	—	—	—
Other financial expense		398,626	—	—	—
Net impairment loss, gross loan portfolio		336,405	426,791	498,618	2,636,361
Impairment loss (reversal of impairment loss), gross loan portfolio		336,405	426,791	498,618	2,636,361
Recoveries on loans written off		0	—	0	0
Operating expense		4,418,285	7,330,020	7,354,477	8,142,881
Personnel expense		2,146,130	3,506,232	3,770,777	3,988,229
Depreciation and amortisation expense		479,291	855,354	745,458	660,478
Administrative expense		1,792,863	2,968,434	2,838,242	3,494,174
Net operating income		-612,416	-1,697,729	351,808	-1,843,933
Non operating income		-128,568	—	0	0
Net Income before taxes and donations		-740,984	-1,697,729	351,808	-1,843,933
Tax expense		82,376	9,612	65,970	147,830
Net Income after taxes and before donations		-823,360	-1,707,341	285,839	-1,991,762
Donations		365,630	194,522	46,491	0
Net income after taxes and donations		-457,731	-1,512,819	332,329	-1,991,762

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