Income Statement for Union des Institutions Mutualiste Communautaire d'Epargne et de Credit DAKAR


		2006	2007	2008	2009	2010
Start date		2006-01-01	2007-01-01	2008-01-01	2009-01-01	2010-01-01
As of date		2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31
Currency		USD	USD	USD	USD	USD
Financial revenue		701,525	1,324,239	1,603,359	2,109,413	2,427,966
Interest and fee income		639,973	1,131,656	1,506,751	1,970,600	2,431,466
Revenue from interest		502,849	1,073,729	1,272,198	1,577,762	2,055,456
+ Interest income on loan portfolio		502,849	1,073,729	1,269,819	1,576,658	2,011,489
+ Products (credit)
Retail loans	—	—	—	—	—	—
Interest income from investments		0	0	—	397	43,966
Other interest income		—	—	2,379	707	—
Fee and commission income		137,124	57,927	234,554	392,839	376,010
+ Fee and commission income on loan portfolio		137,124	57,927	161,550	269,483	103,250
+ Products (credit)
Retail loans	—	—	—	—	—	—
Income from penalty fees on loan portfolio		—	—	73,003	123,238	—
Fee and commission income from other financial services		—	—	—	—	—
Other fee and commission income		—	—	—	118	272,759
Other operating income		61,552	192,582	96,418	138,812	291
Gains (losses) on exchange differences on translation recognised in profit or loss		—	—	190	—	—
Gains (losses) on disposals of property, plant and equipment		—	—	—	—	-3,791
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		5,429	149,669	136,760	76,336	322,881
Interest and fee expense		2,784	134,112	136,760	76,336	295,487
Interest expense		—	—	136,760	65,871	295,487
Interest expense on borrowings		—	—	129,706	60,283	282,892
+ Interest expense on deposits		—	—	7,054	5,588	7,619
+ Products (deposits)
Retail deposits	—	—	—	—	—	—
Interest expense on subordinated debt		—	—	—	—	—
Fee expense		—	—	—	10,465	0
Fee and commission expense on deposits		—	—	—	—	—
Fee and commission expense on borrowings		—	—	—	—	—
Other fee and commission expense		—	—	—	10,465	—
Other financial expense		2,645	15,558	—	0	27,394
Net impairment loss, gross loan portfolio		0	51,885	-46,138	122,118	247,615
Impairment loss (reversal of impairment loss), gross loan portfolio		0	51,885	-46,138	122,118	301,145
Recoveries on loans written off		0	0	—	0	53,530
Operating expense		449,446	1,220,785	1,348,704	2,035,899	1,737,719
Personnel expense		209,109	413,913	512,259	672,233	831,142
Depreciation and amortisation expense		0	57,931	90,215	151,927	181,060
Administrative expense		240,337	748,942	746,230	1,211,739	725,517
Net operating income		246,650	-98,101	217,914	-124,940	119,751
Non operating income		101	263,372	-63,003	210,211	207,902
Net Income before taxes and donations		246,751	165,271	154,911	85,271	327,653
Tax expense		0	0	—	0	0
Net Income after taxes and before donations		246,751	165,271	154,911	85,271	327,653
Donations		191	35,373	93,375	126,748	30,794
Net income after taxes and donations		246,942	200,644	248,286	212,019	358,447

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