Income Statement for Vision Fund Mexico, S.A. de C.V., SOFOM, ENR


	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	2,471,501	2,781,584	2,908,564	4,024,850
Interest and fee income	2,424,908	2,849,749	2,889,245	4,019,623
Revenue from interest	2,367,413	2,731,987	2,787,947	3,866,036
Interest income on loan portfolio	2,349,571	2,703,028	2,778,523	3,838,934
Interest income from investments	17,842	28,959	9,424	27,101
Other interest income	—	—	—	0
Fee and commission income	57,494	117,763	101,298	153,587
Fee and commission income on loan portfolio	57,494	60,967	68,453	101,080
Income from penalty fees on loan portfolio	—	—	—	0
Fee and commission income from other financial services	—	56,796	32,844	52,507
Other fee and commission income	—	—	—	0
Other operating income	46,594	—	—	—
Gains (losses) on exchange differences on translation recognised in profit or loss	—	-68,166	19,319	5,227
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	279,510	383,335	428,825	687,927
Interest and fee expense	222,627	383,335	428,825	687,927
Interest expense	—	333,039	370,436	600,049
Interest expense on borrowings	—	333,039	370,436	600,049
Interest expense on deposits	—	0	0	0
Interest expense on subordinated debt	—	—	—	0
Fee expense	—	50,296	58,390	87,878
Fee and commission expense on deposits	—	—	—	0
Fee and commission expense on borrowings	—	0	0	0
Other fee and commission expense	—	50,296	58,390	87,878
Other financial expense	56,883	—	—	0
Net impairment loss, gross loan portfolio	69,342	169,510	118,344	182,865
Impairment loss (reversal of impairment loss), gross loan portfolio	75,272	174,524	136,533	192,257
Recoveries on loans written off	5,930	5,014	18,189	9,391
Operating expense	1,750,762	2,197,778	2,195,694	2,833,376
Personnel expense	1,220,215	1,658,446	1,680,244	2,132,432
Depreciation and amortisation expense	49,328	67,526	56,863	62,275
Administrative expense	481,219	471,806	458,588	638,669
Net operating income	371,887	30,960	165,701	320,681
Non operating income	-119,775	-181,415	-203,890	-122,992
Net Income before taxes and donations	252,112	-150,455	-38,189	197,690
Tax expense	0	0	0	0
Net Income after taxes and before donations	252,112	-150,455	-38,189	197,690
Donations	18,207	358,395	26,084	112,192
Net income after taxes and donations	270,318	207,940	-12,105	309,882

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