Annual Report 2007

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A n n u a l R e p o r t 2 0 0 7 Statement of Changes in Capital and Capital Reserves For the six-month period ending on 31 December 2007 in Lempiras Ordinary shares Notes 2007 At start of year – Increase through cash contributions 1 253,000,000 At end of year 253,000,000 Distributed surplus At start of year – Increase through cash contributions 1 47,237,750 At end of year 47,237,750 Accumulated loss At start of year – Net loss (26,610,603) At end of year (26,610,603) Total capital and capital reserves 273,627,147
Statement of Cash Flows For the six-month period ending on 31 December 2007 F i n a n c i a l S tat e m e n t s Notes 2007 in Lempiras Cash flows deriving from operating activities Interest earned 10,069,168 Commissions, service charges and other income 2,233,450 Interest paid (1,215,747) Cash paid to employees and suppliers (27,887,128) Net cash provided by operating activities (16,800,257) Cash flows deriving from investment activities Acquisition of fixed assets 9 (33,914,906) Increase in loans receivable (82,163,336) Increase in other assets (25,020,836) Net cash used in investing activities (141,099,078) Cash flows deriving from financing activities Increase in customers’ deposits 46,236,280 (Reduction) increase in other liabilities 510,719 Capital increase from cash contributions 1 300,237,750 Net cash provided by financing activities 346,984,749 Cash and cash equivalents at end of year 14 189,085,414
Page 1 and 2: Annual Report 2007
Page 3 and 4: Mission Statement 4 Letter from the
Page 5 and 6: Letter from the Board of Directors
Page 7 and 8: ProCredit Holding has an investment
Page 9 and 10: the group as a whole, expressed in
Page 11 and 12: ProCredit in Latin America Microfin
Page 13 and 14: Name Banco Los Andes ProCredit Boli
Page 15 and 16: • Students from the School of Fin
Page 17 and 18: Political and Macroeconomic Environ
Page 19 and 20: combined volume of over USD 83 mill
Page 21 and 22: Loan Portfolio Development (breakdo
Page 23 and 24: nancial services to ordinary people
Page 25 and 26: M a n a g e m e n t B u s i n e s s
Page 27 and 28: company they had submitted their ap
Page 29 and 30: minutes it flooded our temporary of
Page 31 and 32: dures and policies which the IRMU i
Page 33 and 34: anking system, Banco ProCredit focu
Page 35 and 36: of the bank, and the potential for
Page 37 and 38: Business Ethics and Environmental S
Page 39 and 40: Santos Odilio Corrales, Owner of a
Page 41 and 42: “If I had no savings, I would fee
Page 43 and 44: F i n a n c i a l S tat e m e n t s
Page 45: Income Statement For the six-month
Page 49 and 50: Property, Furniture and Equipment T
Page 51 and 52: These assets and the movements reco
Page 53 and 54: Interest Rate Risk Investments in s
Page 55: Contact Addresses Head Office Col.

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