Income Statement for Friendship Bridge


	2003	2004	2005	2006	2007
Start date	2003-01-01	2004-01-01	2005-01-01	2006-01-01	2007-01-01
As of date	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31
Currency	USD	USD	USD	USD	USD
Financial revenue	47,941	102,311	196,734	465,275	1,202,155
Interest and fee income	47,941	95,021	196,660	422,069	1,199,105
Revenue from interest	—	95,021	196,660	422,069	1,120,679
Interest income on loan portfolio	—	93,799	194,421	419,467	1,116,343
Interest income from investments	—	1,222	2,239	2,602	4,337
Other interest income	—	—	—	—	—
Fee and commission income	—	0	0	0	78,426
Fee and commission income on loan portfolio	—	0	0	0	78,426
Income from penalty fees on loan portfolio	—	—	—	—	—
Fee and commission income from other financial services	—	—	—	—	—
Other fee and commission income	—	—	—	—	—
Other operating income	0	7,290	73	43,205	3,050
Gains (losses) on exchange differences on translation recognised in profit or loss	—	—	—	—	—
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	3,700	1,962	6,497	0	8,663
Interest and fee expense	—	0	0	0	8,663
Interest expense	—	—	—	—	—
Interest expense on borrowings	—	—	—	—	—
Interest expense on deposits	—	—	—	—	—
Interest expense on subordinated debt	—	—	—	—	—
Fee expense	—	—	—	—	—
Fee and commission expense on deposits	—	—	—	—	—
Fee and commission expense on borrowings	—	—	—	—	—
Other fee and commission expense	—	—	—	—	—
Other financial expense	—	1,962	6,497	0	0
Net impairment loss, gross loan portfolio	7,052	6,275	9,862	37,426	167,815
Impairment loss (reversal of impairment loss), gross loan portfolio	—	6,275	9,862	37,426	167,815
Recoveries on loans written off	—	0	0	0	0
Operating expense	137,499	213,336	311,589	483,583	505,668
Personnel expense	—	141,974	183,140	265,923	326,808
Depreciation and amortisation expense	—	3,112	6,906	0	0
Administrative expense	—	68,250	121,544	217,660	178,860
Net operating income	-100,309	-119,262	-131,214	-55,735	520,009
Non operating income	-41,350	-54,786	-94,384	-150,326	-58,834
Net Income before taxes and donations	-141,659	-174,047	-225,598	-206,061	461,175
Tax expense	0	0	0	0	0
Net Income after taxes and before donations	-141,659	-174,047	-225,598	-206,061	461,175
Donations	118,852	431,805	213,640	177,890	66,186
Net income after taxes and donations	-22,807	257,758	-11,958	-28,170	527,362

MFI Report

Global Partners