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BRAC PAKISTAN INCOME AND EXPENDITURE STATEMENT For the year ended 31 December 2010
2010
2009 Note Rupees US$ (Note 2.5) Rupees US$ (Note 2.5) INCOME Interest income on microcredit receivables 208,208,346 2,472,783 106,317,047 1,299,402 Amortization of restricted grant 16 115,372,550 1,370,223 18,242,245 223,847 Amortization of deferred grant 13 1,972,634 23,428 190,331 2,335 Admission fee from group members 2,860,792 33,976 1,276,975 15,607 Income from the sale of passbooks 960,306 11,405 239,339 2,925 Interest income on bank deposits 9,692,845 115,117 4,633,082 56,625 Other income 1,203,455 14,293 1,066,966 13,040 340,270,928 4,041,225 131,965,985 1,613,781 EXPENDITURE Administrative and program expenses 19 (321,319,100) (3,816,142) (125,091,402) (1,529,294) Provision against microcredit receivables (26,289,028) (312,221) (12,615,700) (154,362) Exchange gain / (loss) 1,737,984 20,641 (6,169,978) (75,409) Financial charges 20 (80,634,567) (957,655) (30,927,582) (378,132) Deficit of income over expenditure for the year (86,233,783) (1,024,152) (42,838,677) (523,416) The annexed notes are an integral part of these financial statements.
__________________ _____________ Chief Executive Officer
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Director Finance
Director