Income Statement for LLC Microlending Organization IMON INTERNATIONAL


		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		4,304,155	8,807,122	11,129,619	11,150,512
Interest and fee income		4,304,155	8,871,110	11,437,607	11,195,620
Revenue from interest		3,847,924	8,028,863	10,253,705	10,203,495
+ Interest income on loan portfolio		3,824,003	8,003,691	10,033,544	9,896,317
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		23,922	25,172	—	307,178
Other interest income		—	—	220,161	—
Fee and commission income		456,231	842,247	1,183,902	992,124
+ Fee and commission income on loan portfolio		456,231	842,247	638,661	615,396
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	545,241	376,728
Fee and commission income from other financial services		—	—	—	—
Other fee and commission income		—	—	—	—
Other operating income		0	0	—	0
Gains (losses) on exchange differences on translation recognised in profit or loss		—	-63,987	-267,031	-36,588
Gains (losses) on disposals of property, plant and equipment		—	—	-2,712	-8,520
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		939,636	2,191,034	2,829,914	2,846,812
Interest and fee expense		925,400	2,191,034	2,829,914	2,846,812
Interest expense		—	2,191,034	2,758,922	2,797,424
Interest expense on borrowings		—	2,191,034	2,758,922	2,797,424
Interest expense on deposits		—	—	0	0
Interest expense on subordinated debt		—	—	—	—
Fee expense		—	0	70,993	49,387
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		—	—	70,993	49,387
Other fee and commission expense		—	—	—	—
Other financial expense		14,237	—	—	—
Net impairment loss, gross loan portfolio		132,919	-234,620	1,190,076	452,258
Impairment loss (reversal of impairment loss), gross loan portfolio		132,919	-234,620	1,190,911	460,091
Recoveries on loans written off		0	—	835	7,833
Operating expense		1,728,412	3,067,001	3,426,556	4,311,485
Personnel expense		1,122,038	1,871,221	1,937,178	2,401,857
Depreciation and amortisation expense		46,516	72,726	116,631	190,988
Administrative expense		559,858	1,123,054	1,372,747	1,718,640
Net operating income		1,503,188	3,783,707	3,683,073	3,539,958
Non operating income		0	-146	0	-14,191
Net Income before taxes and donations		1,503,188	3,783,561	3,683,073	3,525,767
Tax expense		428,837	895,394	1,287,083	996,666
Net Income after taxes and before donations		1,074,351	2,888,167	2,395,990	2,529,101
Donations		24,208	19,952	17,614	0
Net income after taxes and donations		1,098,559	2,908,120	2,413,603	2,529,101

MFI Report

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