Income Statement for Mikrofond


		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		1,066,026	963,636	1,112,687	1,337,143	1,114,189
Interest and fee income		868,590	809,091	1,056,716	1,313,571	1,009,459
Revenue from interest		458,974	436,364	535,075	705,714	514,865
+ Interest income on loan portfolio		458,974	427,972	535,075	705,714	514,865
+ Products (credit)
Retail loans	—	—	—	—	—	—
Interest income from investments		0	8,392	—	0	—
Other interest income		—	—	—	0	—
Fee and commission income		409,615	372,727	521,642	607,857	494,595
+ Fee and commission income on loan portfolio		409,615	372,727	458,955	464,286	487,838
+ Products (credit)
Retail loans	—	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	—	—	—
Fee and commission income from other financial services		—	—	—	—	—
Other fee and commission income		—	—	62,687	143,571	6,757
Other operating income		197,436	154,545	9,701	30,000	97,297
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	30,597	-6,429	7,432
Gains (losses) on disposals of property, plant and equipment		—	—	11,194	—	—
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		—	—	4,478	—	—
Gains (losses) on available-for-sale financial assets		—	—	—	—	—
Gains (losses) on financial liabilities at amortised cost		—	—	—	—	—
Gains (losses) on net monetary position		—	—	—	—	—
Financial expense		308,974	334,965	390,299	375,000	373,649
Interest and fee expense		267,949	286,713	390,299	375,000	373,649
Interest expense		—	—	364,925	353,571	356,757
Interest expense on borrowings		—	—	364,925	353,571	356,757
Interest expense on deposits		—	—	—	0	0
Interest expense on subordinated debt		—	—	—	—	—
Fee expense		—	—	25,373	21,429	16,892
Fee and commission expense on deposits		—	—	—	—	—
Fee and commission expense on borrowings		—	—	19,403	21,429	16,892
Other fee and commission expense		—	—	5,970	—	—
Other financial expense		41,026	48,252	—	—	—
Net impairment loss, gross loan portfolio		47,436	-121,678	-56,716	289,286	112,838
Impairment loss (reversal of impairment loss), gross loan portfolio		123,718	2,098	39,552	329,286	165,541
Recoveries on loans written off		76,282	123,776	96,269	40,000	52,703
Operating expense		618,590	773,427	723,881	659,286	609,459
Personnel expense		258,974	385,315	560,448	340,714	309,459
Depreciation and amortisation expense		39,744	39,161	65,672	57,857	40,541
Administrative expense		319,872	348,951	97,761	260,714	259,459
Net operating income		91,026	-23,077	55,224	13,571	18,243
Non operating income		0	0	47,015	0	0
Net Income before taxes and donations		91,026	-23,077	102,239	13,571	18,243
Tax expense		48,718	10,490	36,567	2,143	2,027
Net Income after taxes and before donations		42,308	-33,566	65,672	11,429	16,216
Donations		98,077	123,077	261,194	0	0
Net income after taxes and donations		140,385	89,510	326,866	11,429	16,216

MFI Report

Global Partners