Income Statement for Salone Microfinance Trust


	2007	2011
Start date	2007-01-01	2010-04-01
As of date	2007-12-31	2011-03-31
Currency	USD	USD
Financial revenue	258,064	365,221
Interest and fee income	258,064	365,221
Revenue from interest	—	365,221
Interest income on loan portfolio	—	365,221
Interest income from investments	—	—
Other interest income	—	—
Fee and commission income	—	0
Fee and commission income on loan portfolio	—	—
Income from penalty fees on loan portfolio	—	—
Fee and commission income from other financial services	—	—
Other fee and commission income	—	—
Other operating income	0	—
Gains (losses) on exchange differences on translation recognised in profit or loss	—	—
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	—	—
Financial expense	0	0
Interest and fee expense	—	0
Interest expense	—	0
Interest expense on borrowings	—	0
Interest expense on deposits	—	0
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	—	—
Net impairment loss, gross loan portfolio	45,932	4,177
Impairment loss (reversal of impairment loss), gross loan portfolio	—	4,177
Recoveries on loans written off	—	0
Operating expense	269,240	300,623
Personnel expense	—	188,700
Depreciation and amortisation expense	—	—
Administrative expense	—	111,923
Net operating income	-57,108	60,421
Non operating income	0	0
Net Income before taxes and donations	-57,108	60,421
Tax expense	0	0
Net Income after taxes and before donations	-57,108	60,421
Donations	118,798	51,203
Net income after taxes and donations	61,689	111,624

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