Agroinvest Foundation

Financial Performance

 


2011
BALANCE SHEET (EUR) Agroinvest consolidated Montenegro Serbia
Assets
Cash 4,390,810 2,543,549 1,801,110
Deposit 5,741,739 5,211,099 530,640
Net Loan Portfolio 21,916,472 13,425,885 8,490,587
Other Current Asset 2,525,815 2,141,538 2,169,644
Non-current asset 371,403 251,307 119,646
Total assets 34,946,239 23,573,378 13,111,627
     
Liabilities      
Short Term liabilities 15,895,618 10,285,512 5,237,600
Long Term liabilities 5,326,275 3,387,275 -
Other Liabilities 1,591,684 1,866,537 3,603,140
Retained earnings 1,297,565 959,883 737,387
Share capital 10,835,097 7,074,171 3,533,500
Total Liabilities and Equity 34,946,239 23,573,378 13,111,627

 

     

INCOME STATEMENT (EUR)

 Agroinvest Consolidated   Montenegro   Serbia
Revenue 11,893,744 6,298,637 5,594,101
Interest and fee expenses 2,367,944 1,591,222 758,146
Loan loss provision 1,058,511 862,273 196,238
FX Loss 1,288,317 800 1,287,517
Operating expenses 6,048,751 3,258,256 2,682,001
Impact expenses 6,050 3,679 2,372
Net income before tax 1,124,171 582,407 667,827
Profit tax 294,465 66,432 228,033
Net income 829,706 515,975 439,794
     
Number of active clients 25,735 11,298 14,437
Percentage of Women clients 55% 59% 51%



 

2010
BALANCE SHEET (EUR) Agroinvest consolidated Montenegro Serbia
Assets
Cash 7,826,316 7,695,570 69,325
Deposit 2,098,687 2,098,687 -
Net Loan Portfolio 34,402,198 23,253,405 11,148,793
Other Current Asset 2,833,614 2,188,078 2,160,339
Non-current asset 1,868,851 593,254 1,275,147
Total assets 49,029,666 35,828,994 14,653,604
     
Liabilities      
Short Term liabilities 18,517,762 12,829,090 1,052,672
Long Term liabilities 17,521,893 13,672,787 -
Other Liabilities 1,687,054 1,809,037 9,769,840
Retained earnings 467,860 443,909 297,592
Share capital 10,835,097 7,074,171 3,533,500
Total Liabilities and Equity 49,029,666 35,828,994 14,653,604
       
INCOME STATEMENT (EUR) Agroinvest Consolidated Montenegro Serbia
Revenue 15,239,902 9,339,903 5,907,556
Interest and fee expenses 3,612,451 2,726,616 860,376
Loan loss provision 5,638,075 4,985,381 652,694
FX Loss 1,814,959 -1,868 1,816,827
Operating expenses 6,661,452 4,177,863 2,422,255
Impact expenses 82,354 29,544 12,936
Net income before tax (2,569,389) (2,577,633) 142,468
Profit tax 478,718 149,384 329,334
Net income (3,048,107) (2,727,017) (186,866)
     
Number of active clients 33,183 17,606 15,577
Percentage of Women clients 59% 63% 55%



2009 AgroInvest Consolidated Montenegro Serbia
BALANCE SHEET      
Assets      
Cash 7,055,883 5,546,437   522,001
Deposits   411,548     98,687 312,862
Net Loan Portfolio      57,210,261      44,892,822      12,317,439
Other Current Assets   3,916,115     994,214        1,300,028
Non-Current Assets    861,760       680,275        181,134
Total Assets      69,455,567      52,212,435      14,633,434
Liabilities
Short Term liabilities      18,550,545      12,604,545      8,470,963
Long Term liabilities      32,996,983      26,501,877                   -  
Other Liabilities      1,716,402      1,044,455       2,127,494
Retained Earnings     5,356,540      4,987,387       501,507
Share Capital      10,835,097    7,074,171      3,533,500
Total Liabilities and Equity      69,455,567      52,212,435      14,633,434
       
INCOME STATEMENT    
Revenue 16,309,285 10,634,435 5,674,837
Interest and Fee Expenses      4,135,550       3,120,749    1,014,801
Loan Loss Provision      4,778,858     3,858,164       920,695
FX loss       754,180                    -        754,181
Operating Expenses       5,894,931      3,353,187       2,475,256
Impact expenses      211,041       154,956         56,085
Net Income Before Tax       534,725         147,379        453,819
Profit Tax       395,962         74,845      283,631
Net Income        138,763          72,534       170,188
       
Number of Active Clients 40,104 25,176 14,928
Percentage of Women Clients 60.16% 63.13% 55.14%
2008 AgroInvest Consolidated Montenegro Serbia
BALANCE SHEET
Assets
Cash        3,774,975    1,252,597     1,322,775
Deposits       98,687     98,687              -  
Net Loan Portfolio      64,103,378      50,667,176      13,436,201
Other Current Assets    1,755,760     560,371   1,173,513
Non-Current Assets   775,330   543,625    231,706
Total Assets      70,508,130      53,122,456      16,164,195
Liabilities
Short Term liabilities 9,590,905    5,140,905      11,320,963
Long Term liabilities      43,570,528      35,106,422                    - 
Other Liabilities      1,293,603    885,886     978,413
Retained Earnings   5,217,997     4,915,072    331,319
Share Capital      10,835,097     7,074,171   3,533,500
Total Liabilities and Equity      70,508,130      53,122,456      16,164,195
INCOME STATEMENT
Revenue 13,370,347 8,335,061 4,622,583
Interest and Fee Expenses 3,540,171 2,617,186 947,769
Loan Loss Provision 1,085,277 791,631 293,645
FX loss 654,451 0 654,451
Operating Expenses 5,717,107 3,166,814 2,450,417
Impact expenses 182,874 142,132 40,742
Net Incom Before Tax 2,190,467 1,617,297 235,559
Profit Tax 666,739 138,653 162,081
Net Income 1,523,728 1,478,644 73,478
Number of active clients 39,275 24,528 14,747
Percentage of women clients 61.9% 61.7% 62.3%



Consolidated figures include data from Monte Credit and from AgroInvest Serbia

 

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