Income Statement for Lift Above Poverty Organisation


		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		3,533,454	6,781,979	17,583,049	21,885,657	15,388,206
Interest and fee income		3,516,909	6,747,179	17,714,981	22,110,676	15,011,933
Revenue from interest		3,087,162	6,079,707	15,626,270	20,088,595	14,170,942
+ Interest income on loan portfolio		3,075,090	6,029,447	15,561,173	19,966,300	14,014,602
+ Products (credit)
Retail loans	—	—	—	—	—	—
Interest income from investments		12,072	50,260	64,630	122,295	156,341
Other interest income		—	—	468	0	—
Fee and commission income		429,747	667,472	2,088,712	2,022,081	840,991
+ Fee and commission income on loan portfolio		429,747	667,472	2,088,712	2,022,081	840,991
+ Products (credit)
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		16,546	34,800	277,649	166,356	292,530
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	-411,812	-391,374	83,743
Gains (losses) on disposals of property, plant and equipment		—	—	2,231	—	—
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		463,099	1,256,941	2,358,020	3,158,263	1,698,000
Interest and fee expense		324,727	887,511	2,358,020	3,158,263	1,317,039
Interest expense		—	—	2,358,020	3,158,263	1,317,039
Interest expense on borrowings		—	—	1,816,166	2,539,771	1,090,391
+ Interest expense on deposits		—	—	541,854	618,492	226,647
+ Products (deposits)
Retail deposits	—	—	—	—	—	—
Interest expense on subordinated debt		—	—	—	0	—
Fee expense		—	—	—	0	0
Fee and commission expense on deposits		—	—	—	—	—
Fee and commission expense on borrowings		—	—	—	—	—
Other fee and commission expense		—	—	—	—	—
Other financial expense		138,372	369,429	—	0	380,962
Net impairment loss, gross loan portfolio		91,167	232,718	287,007	239,072	307,655
Impairment loss (reversal of impairment loss), gross loan portfolio		91,244	232,736	289,548	247,135	307,655
Recoveries on loans written off		78	18	2,541	8,064	0
Operating expense		2,063,247	3,755,189	10,005,519	14,473,902	9,535,176
Personnel expense		1,031,174	2,088,145	5,902,827	8,274,419	5,801,172
Depreciation and amortisation expense		93,539	171,026	405,873	457,211	245,030
Administrative expense		938,533	1,496,017	3,696,818	5,742,272	3,488,974
Net operating income		915,942	1,537,131	4,932,503	4,014,421	3,847,374
Non operating income		1,590	0	—	0	0
Net Income before taxes and donations		917,532	1,537,131	4,932,503	4,014,421	3,847,374
Tax expense		0	0	—	0	1,045,282
Net Income after taxes and before donations		917,532	1,537,131	4,932,503	4,014,421	2,802,093
Donations		0	0	—	0	0
Net income after taxes and donations		917,532	1,537,131	4,932,503	4,014,421	2,802,093

MFI Report

Global Partners