Income Statement for SKS Microfinance Limited


		2007	2008	2009	2010
Start date		2007-04-01	2008-04-01	2009-04-01	2010-04-01
As of date		2008-03-31	2009-03-31	2010-03-31	2011-03-31
Currency		USD	USD	USD	USD
Financial revenue		42,300,994	120,261,028	203,188,294	277,739,780
Interest and fee income		41,572,615	109,810,018	202,502,106	277,242,806
Revenue from interest		33,617,594	99,870,753	166,088,776	230,084,948
+ Interest income on loan portfolio		33,112,300	96,141,234	160,318,270	226,511,623
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		505,294	—	5,770,506	3,573,325
Other interest income		—	3,729,518	—	—
Fee and commission income		7,955,021	9,939,265	36,413,330	47,157,858
+ Fee and commission income on loan portfolio		7,955,021	1,887,128	24,799,457	28,420,347
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	—	—
Fee and commission income from other financial services		—	6,402,878	4,079,607	17,887,843
Other fee and commission income		—	1,649,260	7,534,266	849,669
Other operating income		728,379	10,450,803	703,945	481,986
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	—	—
Gains (losses) on disposals of property, plant and equipment		—	207	-17,756	—
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		14,049,440	41,623,426	62,154,628	101,609,366
Interest and fee expense		12,983,021	41,623,426	60,752,188	75,781,008
Interest expense		—	38,600,600	57,362,258	72,406,594
Interest expense on borrowings		—	38,600,600	57,362,258	72,406,594
+ Interest expense on deposits		—	—	0	0
+ Products (deposits)
Retail deposits	—	—	—	—	—
Interest expense on subordinated debt		—	—	—	—
Fee expense		—	3,022,826	3,389,929	3,374,415
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		—	3,022,826	3,385,378	3,234,599
Other fee and commission expense		—	—	4,552	139,815
Other financial expense		1,066,419	—	1,402,440	25,828,358
Net impairment loss, gross loan portfolio		1,263,092	2,399,443	10,959,489	27,663,589
Impairment loss (reversal of impairment loss), gross loan portfolio		1,263,092	2,399,443	10,959,489	28,897,183
Recoveries on loans written off		0	—	0	1,233,594
Operating expense		20,010,729	49,544,676	73,186,045	110,578,052
Personnel expense		11,886,499	29,961,576	45,852,773	71,708,805
Depreciation and amortisation expense		1,271,718	2,360,573	2,670,037	3,548,580
Administrative expense		6,852,513	17,222,528	24,663,234	35,320,667
Net operating income		6,977,733	26,693,483	56,888,132	37,888,772
Non operating income		0	304,815	-159,596	0
Net Income before taxes and donations		6,977,733	26,998,298	56,728,537	37,888,772
Tax expense		2,835,816	9,539,222	19,866,103	13,359,922
Net Income after taxes and before donations		4,141,917	17,459,076	36,862,434	24,528,850
Donations		0	—	0	0
Net income after taxes and donations		4,141,917	17,459,076	36,862,434	24,528,850

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