Vision Fund

INCOME STATEMENTfor the YEAR ENDED31 DEC. 2012For the year endedFor the year ended31 December 2012 31 December 2011KHR'000 US$ KHR'000 US$(At year-end(At year-endexchange rate)exchange rate)Interest income 51,925,875 12,997,716 40,540,421 10,037,242Interest expense (12,299,488) (3,078,720) (10,525,268) (2,605,909)Net interest income 39,626,387 9,918,996 30,015,153 7,431,333Other operating income 1,111,480 278,218 1,144,544 283,373Operating income 40,737,867 10,197,214 31,159,697 7,714,706Allowance for bad and doubtful loans (765,809) (191,692) (696,186) (172,366)Operating and other expenses (28,501,568) (7,134,310) (21,674,057) (5,366,194)Profit from operations 11,470,490 2,871,212 8,789,454 2,176,146Grant income 551,677 138,092 267,723 66,284Profit before income tax 12,022,167 3,009,304 9,057,177 2,242,430Income tax expense (2,404,563) (601,893) (1,872,553) (463,618)Net profit for the year 9,617,604 2,407,411 7,184,624 1,778,812VISIONFUND CAMBODIA ANNUAL REPORT 2012 49