Income Statement for Sinapi Aba Trust


		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		6,003,180	8,406,612	9,942,585	11,655,517
Interest and fee income		5,985,799	9,176,322	9,286,137	11,537,575
Revenue from interest		4,956,236	7,690,111	7,597,324	9,417,681
+ Interest income on loan portfolio		4,864,998	7,666,114	7,572,255	9,292,973
+ Products (credit)
+ Retail loans	—	—	—	—	—
Microenterprise	—	—	—	—	—
Interest income from investments		91,238	18,245	—	124,708
Other interest income		—	5,752	25,070	—
Fee and commission income		1,029,563	1,486,211	1,688,813	2,119,894
+ Fee and commission income on loan portfolio		1,029,563	1,451,089	1,385,080	2,119,894
+ Products (credit)
+ Retail loans	—	—	—	—	—
Microenterprise	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	—	—
Fee and commission income from other financial services		—	—	—	—
Other fee and commission income		—	35,122	303,732	—
Other operating income		17,381	126,714	91,950	289,464
Gains (losses) on exchange differences on translation recognised in profit or loss		—	-961,523	555,778	-171,522
Gains (losses) on disposals of property, plant and equipment		—	—	8,719	—
Gains (losses) on financial assets		—	—	—	—
Gains (losses) on financial liabilities at fair value through profit or loss		—	-33,269	—	—
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		864,794	1,493,910	2,199,060	2,697,803
Interest and fee expense		864,794	1,493,910	2,199,060	2,697,803
Interest expense		—	1,493,910	2,199,060	2,697,803
Interest expense on borrowings		—	1,493,910	2,199,060	2,697,803
+ Interest expense on deposits		—	—	0	0
+ Products (deposits)
+ Retail deposits	—	—	—	—	—
Compulsory deposits	—	—	—	—	—
Interest expense on subordinated debt		—	—	—	—
Fee expense		—	—	0	0
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		—	—	—	—
Other fee and commission expense		—	—	—	—
Other financial expense		0	—	—	—
Net impairment loss, gross loan portfolio		397,402	113,718	663,064	169,288
Impairment loss (reversal of impairment loss), gross loan portfolio		399,514	113,755	663,064	169,288
Recoveries on loans written off		2,112	37	0	0
Operating expense		4,122,251	5,258,490	6,314,143	7,406,348
Personnel expense		2,150,556	2,771,100	2,840,004	4,091,678
Depreciation and amortisation expense		197,529	247,884	324,064	410,138
Administrative expense		1,774,165	2,239,506	3,150,075	2,904,532
Net operating income		618,734	1,507,226	838,051	1,382,079
Non operating income		0	—	98,429	0
Net Income before taxes and donations		618,734	1,507,226	936,480	1,382,079
Tax expense		534,064	361,923	158,953	362,244
Net Income after taxes and before donations		84,669	1,145,303	777,527	1,019,835
Donations		1,954,479	214,583	0	0
Net income after taxes and donations		2,039,148	1,359,886	777,527	1,019,835

MFI Report

Global Partners