Income Statement for Hluvuku-Adsema Fundo de Credito Male yeru


		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		436,863	664,871	676,963	705,906
Interest and fee income		436,758	664,635	693,041	720,499
Revenue from interest		429,906	649,868	673,018	698,750
+ Interest income on loan portfolio		429,622	649,571	673,018	698,750
+ Products (credit)
Loans to corporations	—	—	—	—	—
Loans to financial institutions	—	—	—	—	—
Loans to governments	—	—	—	—	—
Retail loans	—	—	—	—	—
Interest income from investments		285	298	—	—
Other interest income		—	—	—	—
Fee and commission income		6,851	14,766	20,022	21,749
+ Fee and commission income on loan portfolio		6,851	14,766	20,022	21,749
+ Products (credit)
Loans to corporations	—	—	—	—	—
Loans to financial institutions	—	—	—	—	—
Loans to governments	—	—	—	—	—
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	—	—
Fee and commission income from other financial services		—	—	—	—
Other fee and commission income		—	—	—	—
Other operating income		105	236	—	—
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	-16,078	-14,593
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		15,442	—	47,884	48,857
Interest and fee expense		0	—	47,884	48,857
Interest expense		—	—	0	48,857
Interest expense on borrowings		—	—	0	48,857
+ Interest expense on deposits		—	—	0	0
+ Products (deposits)
Deposits from corporations	—	—	—	—	—
Deposits from financial institutions	—	—	—	—	—
Deposits from governments	—	—	—	—	—
Retail deposits	—	—	—	—	—
Interest expense on subordinated debt		—	—	—	—
Fee expense		—	—	47,884	0
+ Fee and commission expense on deposits		—	—	—	—
+ Products (deposits)
Deposits from corporations	—	—	—	—	—
Deposits from financial institutions	—	—	—	—	—
Deposits from governments	—	—	—	—	—
Retail deposits	—	—	—	—	—
Fee and commission expense on borrowings		—	—	—	—
Other fee and commission expense		—	—	47,884	—
Other financial expense		15,442	—	—	—
Net impairment loss, gross loan portfolio		25,616	12,909	24,519	42,032
Impairment loss (reversal of impairment loss), gross loan portfolio		42,269	14,701	24,519	42,032
Recoveries on loans written off		16,653	1,792	0	0
Operating expense		345,917	476,092	464,323	464,970
Personnel expense		199,026	291,366	291,105	286,791
Depreciation and amortisation expense		19,577	40,181	40,036	49,681
Administrative expense		127,314	144,544	133,182	128,498
Net operating income		49,888	175,871	140,236	150,047
Non operating income		269	-52,951	5,383	-1,735
Net Income before taxes and donations		50,157	122,919	145,619	148,312
Tax expense		345	575	0	0
Net Income after taxes and before donations		49,812	122,345	145,619	148,312
Donations		0	—	0	0
Net income after taxes and donations		49,812	122,345	145,619	148,312

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