Balance Sheet for Nor Horizon UCO LLC


		2006	2007	2008	2009	2010
As of date		2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31
Currency code		USD	USD	USD	USD	USD
+ Assets		2,011,169	2,619,364	2,895,056	2,923,991	4,678,285
+ Currency
+ Foreign currency	—	—	—	2,538,015	540,626	1,187,503
Euro	—	—	—	0	0	—
United states dollar	—	—	—	0	0	—
+ Local currency	—	—	—	63,736	2,161,335	3,214,723
Armenian dram	—	—	—	63,736	2,161,335	—
+ Maturity
+ Less than one year	—	—	—	—	1,018,286	—
+ Less than six months	—	—	—	—	—	—
Less than one month	—	—	—	—	359,316	—
From one to three months	—	—	—	—	352,232	—
One year or more	—	—	—	—	1,729,834	—
+ Cash and cash equivalents		117,961	265,518	62,343	190,241	143,008
+ Currency
Foreign currency	—	—	—	23	16,817	46,982
+ Local currency	—	—	—	62,321	173,423	96,027
Armenian dram	—	—	—	62,321	173,423	—
+ Maturity
+ Less than one year	—	—	—	—	—	—
+ Less than six months	—	—	—	—	—	—
Less than one month	—	—	—	—	190,241	—
One year or more	—	—	—	—	190,241	—
Trade and other receivables		55,169	29,561	27,297	26,487	11,834
Financial assets at fair value		—	—	—	—	—
Financial assets available for sale		—	—	—	—	18,344
Other investments		—	0	—	—	—
+ Net loan portfolio		1,575,620	2,038,289	2,516,586	2,456,601	4,247,455
+ Currency
Foreign currency	—	—	—	2,537,992	523,809	1,140,521
+ Local currency	—	—	—	1,416	1,987,912	3,106,934
Armenian dram	—	—	—	1,416	1,987,912	—
+ Maturity
+ Less than one year	—	—	—	—	1,018,286	—
+ Less than six months	—	—	—	—	—	—
Less than one month	—	—	—	—	164,535	—
From one to three months	—	—	—	—	351,417	—
One year or more	—	—	—	—	1,534,237	—
+ Gross Loan PortfolioGross Loan Portfolio Gross Loan Portfolio		1,642,242	2,058,879	2,542,024	2,490,590	4,256,480
+ Delinquency
Less than one month	—	1,613,813	2,058,879	2,543,908,254	2,485,014	4,256,480
+ One month or more	—	28,429	0	0	—	—
From one to three months	—	4,930	0	0	336	0
+ More than three months	—	—	—	—	—	—
From three to six months	—	23,499	0	0	2,337	0
+ More than six months	—	—	—	—	—	—
From six to twelve months	—	0	0	0	2,903	0
One year or more	—	0	0	0	0	0
Renegotiated loans	—	0	0	0	0	0
+ Location
Urban	—	—	—	2,206,246	1,819,125	2,720,014
Rural	—	—	—	335,779	671,465	1,536,465
+ Products (credit)
Loans to corporations	—	—	—	—	—	1,364,707
Loans to financial institutions	—	—	—	—	—	0
Loans to governments	—	—	—	—	—	0
+ Retail loans	—	—	—	2,542,024	2,490,590	2,891,773
+ Household financing	—	—	—	1,613,012	1,924,462	952,801
Consumption	—	—	—	83,714	615,788	699,441
Education	—	—	—	—	—	0
Mortgage housing	—	—	—	—	43,206	253,360
Household other	—	—	—	1,529,299	1,265,469	0
Microenterprise	—	—	—	929,012	566,128	1,938,975
+ Relationship
External customers	—	—	—	2,524,299	2,470,804	4,222,350
Management and staff	—	—	—	17,725	19,786	34,129
+ Methodology
Individual	—	—	—	2,542,024	2,490,590	4,256,480
Solidarity group	—	—	—	—	0	—
Village banking s h g	—	—	—	—	0	—
+ Gender
Male	—	—	—	1,474,496	1,629,980	2,801,098
Female	—	—	—	992,706	754,728	1,335,095
Legal entity	—	—	—	74,822	105,883	120,287
Impairment loss allowance		66,622	20,590	25,439	31,424	9,025
Unearned income and discount		—	—	—	2,564	—
Finance lease		—	—	—	—	—
Current tax assets		—	—	—	—	—
Deferred tax assets		—	—	1,579	722	3,869
Inventories		—	—	—	—	—
Intangible assets other than goodwill		—	—	279,639	5,356	—
Net fixed assets		262,418	285,997	7,613	244,584	253,775
Liabilities and equity		2,011,169	2,619,364	2,895,056	2,923,991	4,678,285
+ Liabilities		1,350,250	1,925,698	1,902,880	1,956,527	3,489,847
+ Currency
+ Foreign currency	—	—	—	354,031	257,676	1,525,927
Euro	—	—	—	0	0	—
United states dollar	—	—	—	0	0	—
+ Local currency	—	—	—	1,538,461	1,691,889	1,940,939
Armenian dram	—	—	—	1,538,461	1,691,889	—
+ Maturity
+ Less than one year	—	—	—	185,513	388,931	—
+ Less than six months	—	—	—	—	—	—
Less than one month	—	—	—	0	57,215	—
From one to three months	—	—	—	44,967	17,209	—
From three to six months	—	—	—	0	0	—
From six to twelve months	—	—	—	0	0	—
One year or more	—	—	—	1,706,975	1,560,634	—
+ DepositsDeposits Total value of all deposit accounts		0	0	0	0	0
+ Products (deposits)
+ Retail deposits	—	0	0	0	0	—
+ Voluntary deposits	—	0	0	0	0	—
Demand deposits	—	0	0	—	—	—
Time deposits	—	0	0	—	—	—
Compulsory deposits	—	0	0	0	0	—
+ Borrowings		1,122,022	1,906,413	1,892,491	1,949,565	3,463,504
+ Currency
Foreign currency	—	—	—	354,031	257,676	1,525,927
+ Local currency	—	—	—	1,538,461	1,691,889	1,937,577
Armenian dram	—	—	—	1,538,461	1,691,889	—
+ Maturity
+ Less than one year	—	—	—	185,513	388,931	—
+ Less than six months	—	—	—	—	—	—
Less than one month	—	—	—	—	57,215	—
From one to three months	—	—	—	44,967	17,209	—
One year or more	—	—	—	1,706,975	1,560,634	—
Subordinated debt		—	—	—	0	—
Other short term financial liabilities		—	—	—	0	—
Trade and other payables		228,228	19,285	6,760	6,137	9,666
Provisions for employee benefits		—	—	1,725	—	—
Deferred revenue		—	—	—	—	—
Current tax liabilities		—	—	1,904	826	16,677
Deferred tax liabilities		—	—	—	—	—
Equity		660,919	693,666	992,176	967,464	1,188,438
Paid in capital		0	590,164	911,310	740,956	1,088,133
Retained earnings		613,081	8,321	47,980	-10,257	100,305
Share premium		—	—	—	—	—
Treasury shares		—	—	—	—	—
Donated equity		47,838	0	—	—	—
Equity reserves		0	95,180	32,885	236,765	—
Other equity interest		0	0	—	—	—

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