Income Statement for Microloan Organization 'HUMO and Partners'


		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		775,532	1,793,539	2,668,340	2,123,609
Interest and fee income		746,284	1,798,212	2,620,436	2,123,525
Revenue from interest		746,284	1,700,569	2,353,200	1,879,951
+ Interest income on loan portfolio		741,285	1,700,569	2,219,209	1,834,376
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		4,999	—	0	45,575
Other interest income		—	—	133,992	—
Fee and commission income		0	97,643	267,236	243,574
+ Fee and commission income on loan portfolio		0	22,648	34,206	113,150
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	74,870	232,500	130,183
Fee and commission income from other financial services		—	—	—	—
Other fee and commission income		—	125	530	242
Other operating income		29,247	0	94,875	84
Gains (losses) on exchange differences on translation recognised in profit or loss		—	-4,673	-46,971	—
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		—	—	—	-706
Financial expense		113,949	369,836	509,404	393,814
Interest and fee expense		91,068	369,836	556,374	393,108
Interest expense		—	326,304	473,207	384,594
Interest expense on borrowings		—	326,304	473,207	349,097
Interest expense on deposits		—	—	0	0
Interest expense on subordinated debt		—	—	—	—
Fee expense		—	43,532	36,197	8,514
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		—	20,699	5,196	7,250
Other fee and commission expense		—	22,833	31,001	1,264
Other financial expense		22,881	—	—	706
Net impairment loss, gross loan portfolio		15,614	94,380	553,872	-127,026
Impairment loss (reversal of impairment loss), gross loan portfolio		15,614	94,380	557,880	-115,692
Recoveries on loans written off		0	—	4,007	11,334
Operating expense		351,462	746,098	935,390	1,318,710
Personnel expense		207,726	521,041	624,292	895,267
Depreciation and amortisation expense		14,865	12,741	26,975	33,267
Administrative expense		128,871	212,316	284,123	390,175
Net operating income		294,508	583,225	669,674	538,112
Non operating income		0	2,093	745	0
Net Income before taxes and donations		294,508	585,318	670,419	538,112
Tax expense		92,580	155,986	262,390	80,734
Net Income after taxes and before donations		201,927	429,331	408,029	457,378
Donations		17,321	24,190	27,948	0
Net income after taxes and donations		219,248	453,521	435,977	457,378

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