Income Statement for Microcredit deposit-taking organizaition Arvand


		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		1,465,977	3,336,931	1,346,813	3,021,313
Interest and fee income		1,494,044	3,276,097	1,194,713	3,002,449
Revenue from interest		1,375,277	3,025,305	1,030,239	2,777,845
+ Interest income on loan portfolio		1,375,277	3,024,363	984,134	2,616,995
+ Products (credit)
Loans to corporations	—	—	—	—	—
Loans to financial institutions	—	—	—	—	—
Retail loans	—	—	—	—	—
Interest income from investments		0	942	46,106	160,850
Other interest income		0	0	—	—
Fee and commission income		118,767	250,792	164,474	224,604
+ Fee and commission income on loan portfolio		101,999	171,139	124,579	186,818
+ Products (credit)
Loans to corporations	—	—	—	—	—
Loans to financial institutions	—	—	—	—	—
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		16,768	79,653	39,895	37,786
Fee and commission income from other financial services		—	—	—	—
Other fee and commission income		—	—	—	—
Other operating income		0	0	949	17,239
Gains (losses) on exchange differences on translation recognised in profit or loss		-28,067	60,834	151,150	-15,643
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		—	—	—	-42,489
Financial expense		373,166	941,472	275,096	887,584
Interest and fee expense		373,166	1,004,812	275,096	845,096
Interest expense		360,887	903,956	275,096	837,646
Interest expense on borrowings		360,887	903,956	275,096	831,506
Interest expense on deposits		0	0	0	6,140
Interest expense on subordinated debt		0	63,341	—	—
Fee expense		12,279	37,516	0	7,449
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		12,279	37,516	—	7,449
Other fee and commission expense		—	—	—	—
Other financial expense		41,563	—	0	42,489
Net impairment loss, gross loan portfolio		39,874	244,039	139,455	25,700
Impairment loss (reversal of impairment loss), gross loan portfolio		41,230	250,408	139,455	25,700
Recoveries on loans written off		1,355	6,369	0	0
Operating expense		571,907	1,166,020	553,580	1,448,718
Personnel expense		339,440	750,127	353,492	988,183
Depreciation and amortisation expense		39,354	50,662	35,082	43,203
Administrative expense		193,113	365,232	165,007	417,332
Net operating income		481,029	951,876	378,681	659,311
Non operating income		0	33,524	0	0
Net Income before taxes and donations		481,029	985,400	378,681	659,311
Tax expense		133,798	295,138	145,721	199,013
Net Income after taxes and before donations		347,231	690,262	232,960	460,298
Donations		37,085	33,524	0	0
Net income after taxes and donations		384,315	723,786	232,960	460,298

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