Income Statement for Nor Horizon UCO LLC


		2006	2007	2008	2009	2010
Start date		2006-01-01	2007-01-01	2008-01-01	2009-01-01	2010-01-01
As of date		2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31
Currency		USD	USD	USD	USD	USD
Financial revenue		582,083	375,523	629,467	477,316	832,589
Interest and fee income		475,835	373,363	618,522	534,641	829,063
Revenue from interest		459,962	372,615	510,175	528,261	822,219
+ Interest income on loan portfolio		459,962	372,615	510,119	528,015	821,812
+ Products (credit)
Retail loans	—	—	—	—	—	—
Interest income from investments		0	0	56	—	407
Other interest income		—	—	—	246	—
Fee and commission income		15,873	748	108,347	6,380	6,844
+ Fee and commission income on loan portfolio		15,873	748	107,436	—	—
+ Products (credit)
Retail loans	—	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	911	6,380	4,885
Fee and commission income from other financial services		—	—	—	—	—
Other fee and commission income		—	—	—	—	1,958
Other operating income		106,247	2,160	694	21,128	—
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	10,250	-78,454	3,526
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		55,102	89,224	162,766	147,058	287,238
Interest and fee expense		40,972	84,136	162,766	147,058	286,334
Interest expense		—	—	159,064	137,765	274,951
Interest expense on borrowings		—	—	159,064	137,765	274,951
Interest expense on deposits		—	—	—	0	0
Interest expense on subordinated debt		—	—	—	—	—
Fee expense		—	—	3,702	9,293	11,384
Fee and commission expense on deposits		—	—	—	—	—
Fee and commission expense on borrowings		—	—	3,702	—	11,384
Other fee and commission expense		—	—	—	9,293	—
Other financial expense		14,130	5,088	—	0	904
Net impairment loss, gross loan portfolio		34,486	3,960	5,032	22,981	-11,691
Impairment loss (reversal of impairment loss), gross loan portfolio		34,486	3,960	8,275	22,981	-11,691
Recoveries on loans written off		0	0	3,243	0	0
Operating expense		315,962	265,833	452,270	382,923	423,187
Personnel expense		185,027	158,865	274,589	227,865	251,367
Depreciation and amortisation expense		14,336	14,398	26,885	26,968	30,868
Administrative expense		116,598	92,570	150,796	128,090	140,952
Net operating income		176,533	16,506	9,399	-75,646	133,854
Non operating income		20,909	0	0	0	0
Net Income before taxes and donations		197,442	16,506	9,399	-75,646	133,854
Tax expense		27,825	10,205	4,383	3,888	25,954
Net Income after taxes and before donations		169,618	6,301	5,015	-79,534	107,900
Donations		11,579	0	0	0	0
Net income after taxes and donations		181,196	6,301	5,015	-79,534	107,900

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