BRAC Liberia Annual Report 2010

Page 45

43

BRACLIBERIA MICROFINANCE COMPANY LIMITED STATEMENT OF CHANGES IN EQUITY For the year ended December 31, 2010

Balance at 1 January 2009

Share capital

Retained earnings

-

-

-

-

4,076,146

(116,141)

(116,141)

Fund received for the period

4,076,146

Net loss for the period

-

Prior period adjustment Balance at 31 December 2009

-

4,076,146

(116,141)

Balance at 1-January-2010

4,076,146

(116,141)

Fund received for the period Net-Loss for the period

-

Revaluation Adjustment Balance at 31 December 2010

- 4,076,146

The notes are an integral part of these financial statements

Total

-

3,960,005

- (582,003) - (698,174)

3,960,005 -

(454,152) 3,505,853


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