Income Statement for Small and Micro Enterprise Project


		2005	2006	2007	2008	2009
Start date		2005-01-01	2006-01-01	2007-01-01	2008-01-01	2009-01-01
As of date		2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31
Currency		USD	USD	USD	USD	USD
Financial revenue		1,708,104	1,863,430	2,487,661	3,276,704	3,916,608
Interest and fee income		1,671,786	1,780,267	2,395,600	3,160,325	3,774,842
Revenue from interest		1,381,117	1,488,188	1,952,756	2,584,305	3,251,794
+ Interest income on loan portfolio		1,246,746	1,400,410	1,824,535	2,428,827	3,020,072
+ Products (credit)
Retail loans	—	—	—	—	—	—
Interest income from investments		134,372	87,778	128,221	155,479	231,723
Other interest income		—	—	—	—	—
Fee and commission income		290,669	292,079	442,844	576,019	523,048
+ Fee and commission income on loan portfolio		290,669	292,079	442,844	520,360	470,338
+ Products (credit)
Retail loans	—	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	—	—	—
Fee and commission income from other financial services		—	—	—	—	—
Other fee and commission income		—	—	—	55,659	52,710
Other operating income		36,317	83,163	92,062	112,401	122,906
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	—	3,978	5,899
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		—	—	—	—	12,962
Gains (losses) on financial liabilities at amortised cost		—	—	—	—	—
Gains (losses) on net monetary position		—	—	—	—	—
Financial expense		388,381	371,328	354,184	388,769	643,826
Interest and fee expense		388,381	295,753	352,434	388,769	643,826
Interest expense		—	—	—	388,769	643,826
Interest expense on borrowings		—	—	—	321,864	549,313
+ Interest expense on deposits		—	—	—	66,906	94,512
+ Products (deposits)
Retail deposits	—	—	—	—	—	—
Interest expense on subordinated debt		—	—	—	—	—
Fee expense		—	—	—	—	0
Fee and commission expense on deposits		—	—	—	—	—
Fee and commission expense on borrowings		—	—	—	—	—
Other fee and commission expense		—	—	—	—	—
Other financial expense		0	75,575	1,750	—	—
Net impairment loss, gross loan portfolio		49,559	77,276	339,314	199,957	409,422
Impairment loss (reversal of impairment loss), gross loan portfolio		54,442	77,276	339,314	199,957	409,422
Recoveries on loans written off		4,883	0	0	—	0
Operating expense		1,093,171	1,337,876	1,778,319	2,605,250	2,641,787
Personnel expense		691,224	804,752	1,021,441	1,270,882	1,397,020
Depreciation and amortisation expense		43,056	76,697	120,987	121,490	134,513
Administrative expense		358,891	456,427	635,891	1,212,878	1,110,254
Net operating income		176,992	76,950	15,845	82,728	221,574
Non operating income		0	11,102	0	0	708,840
Net Income before taxes and donations		176,992	88,052	15,845	82,728	930,413
Tax expense		0	28,892	-57,983	32,928	66,547
Net Income after taxes and before donations		176,992	59,159	73,828	49,800	863,866
Donations		180,109	188,732	202,170	127,253	69,404
Net income after taxes and donations		357,101	247,891	275,998	177,053	933,271

MFI Report

Global Partners