Income Statement for Movimiento Manuela Ramos


		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		1,152,557	1,544,157	1,913,484	2,103,396
Interest and fee income		1,135,979	1,581,346	1,815,446	2,076,561
Revenue from interest		1,135,979	1,578,812	1,800,257	2,072,837
+ Interest income on loan portfolio		1,135,486	1,577,788	1,788,632	2,069,540
+ Products (credit)
Loans to corporations	—	—	—	—	—
Retail loans	—	—	—	—	—
Interest income from investments		493	0	0	0
Other interest income		—	1,024	11,625	3,297
Fee and commission income		0	2,535	15,189	3,724
+ Fee and commission income on loan portfolio		0	0	0	0
+ Products (credit)
Loans to corporations	—	—	—	—	—
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	84	0	0
Fee and commission income from other financial services		—	0	15,189	0
Other fee and commission income		—	2,451	0	3,724
Other operating income		16,578	0	0	0
Gains (losses) on exchange differences on translation recognised in profit or loss		—	-37,189	98,038	26,835
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		89,814	149,284	231,945	283,051
Interest and fee expense		6,923	149,284	231,945	283,051
Interest expense		—	63,272	0	143,960
Interest expense on borrowings		—	62,054	0	0
Interest expense on deposits		—	0	0	143,960
Interest expense on subordinated debt		—	0	0	0
Fee expense		—	86,012	231,945	139,091
Fee and commission expense on deposits		—	0	0	0
Fee and commission expense on borrowings		—	0	0	0
Other fee and commission expense		—	86,012	231,945	139,091
Other financial expense		82,891	—	0	0
Net impairment loss, gross loan portfolio		10,984	-7,558	38,316	9,759
Impairment loss (reversal of impairment loss), gross loan portfolio		10,984	14,015	52,964	21,222
Recoveries on loans written off		0	21,573	14,647	11,463
Operating expense		810,130	1,134,180	1,347,162	1,520,386
Personnel expense		589,685	783,212	932,597	1,048,493
Depreciation and amortisation expense		2,656	3,809	8,009	14,144
Administrative expense		217,789	347,159	406,556	457,749
Net operating income		241,629	268,252	296,060	290,200
Non operating income		5,352	-199	-3,321	0
Net Income before taxes and donations		246,981	268,052	292,740	290,200
Tax expense		0	0	0	0
Net Income after taxes and before donations		246,981	268,052	292,740	290,200
Donations		0	50,709	87,368	65,631
Net income after taxes and donations		246,981	318,761	380,107	355,831

MFI Report

Global Partners