Income Statement for South Pacific Business Development


		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		459,693	554,370	661,743	873,587
Interest and fee income		457,007	542,320	636,863	816,369
Revenue from interest		412,298	490,331	572,423	723,423
+ Interest income on loan portfolio		401,842	480,653	568,293	716,029
+ Products (credit)
Retail loans	—	—	—	—	—
Interest income from investments		10,456	9,678	4,130	7,394
Other interest income		—	—	—	—
Fee and commission income		44,709	51,989	64,440	92,945
+ Fee and commission income on loan portfolio		44,709	48,661	—	—
+ Products (credit)
Retail loans	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	—	—
Fee and commission income from other financial services		—	—	—	—
Other fee and commission income		—	3,328	64,440	92,945
Other operating income		2,686	—	515	614
Gains (losses) on exchange differences on translation recognised in profit or loss		—	12,049	24,365	56,605
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		105,988	45,967	103,634	181,063
Interest and fee expense		53,186	45,967	99,460	166,629
Interest expense		—	45,967	93,825	159,856
Interest expense on borrowings		—	44,561	93,825	159,856
Interest expense on deposits		—	—	0	0
Interest expense on subordinated debt		—	—	—	—
Fee expense		—	0	5,635	6,773
Fee and commission expense on deposits		—	—	—	—
Fee and commission expense on borrowings		—	—	—	6,773
Other fee and commission expense		—	—	5,635	—
Other financial expense		52,801	—	4,174	14,434
Net impairment loss, gross loan portfolio		899	3,786	23,766	23,382
Impairment loss (reversal of impairment loss), gross loan portfolio		3,723	3,786	23,766	23,382
Recoveries on loans written off		2,824	—	0	0
Operating expense		333,867	430,230	383,005	486,970
Personnel expense		175,062	179,751	182,842	238,900
Depreciation and amortisation expense		38,608	38,731	21,744	21,452
Administrative expense		120,196	211,748	178,419	226,618
Net operating income		18,940	74,387	151,338	182,172
Non operating income		15,706	1,040	-66,472	-45,564
Net Income before taxes and donations		34,646	75,427	84,866	136,608
Tax expense		190	1,569	0	0
Net Income after taxes and before donations		34,457	73,858	84,866	136,608
Donations		27,662	11,217	100,727	180,494
Net income after taxes and donations		62,119	85,076	185,593	317,102

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