 |
|
|
|
|
|
|
|
|
|
| |
|
Statements of Income and Retained Earnings
For the years ended December 31, 2001 and 2000
(US$ thousands)
 |
| |
|
|
|
|
|
|
|
|
2001 |
|
2000 |
|
| INCOME |
| |
Marketable Securities |
|
$ 2,873 |
|
$ 3,306 |
| |
Loan Investments |
| |
|
Interest |
|
20,373 |
|
24,579 |
| |
|
Commitment Fees |
|
477 |
|
553 |
| |
|
Front-end Fees |
|
476 |
|
529 |
| |
|
Other Loan Investment Income |
|
766
 |
|
473
|
| |
|
22,092 |
|
26,134 |
| |
Equity Investments |
|
|
| |
|
Gain on Sale of Equity Investments |
|
2,081 |
|
505 |
| |
|
Dividends |
|
1,261 |
|
918 |
| |
|
Other Equity Investment Income |
|
80
|
|
121
|
| |
|
3,422 |
|
1,544 |
| |
Advisory Service, Cofinancing, and Other Income |
|
3,138
|
|
3,222
|
| |
|
31,525
|
|
34,206
|
|
| EXPENSES |
| |
Administrative |
|
14,103 |
|
13,239 |
| |
Provision for Loan and Equity Investment Losses |
|
25,511 |
|
9,848 |
| |
Unrealized loss on Derivative |
|
619 |
|
— |
| |
Borrowing |
|
6,621
|
|
10,529
|
| |
|
46,854
|
|
33,616
|
| NET (LOSS) INCOME |
|
(15.329) |
|
590 |
| RETAINED EARNINGS AT BEGINNING OF YEAR |
|
5,409
|
|
4,819
|
| RETAINED (DEFICIT) EARNINGS AT END OF YEAR |
|
$ (9,920) |
|
$ 5,409 |
|
The accompanying notes are an integral part of these financial statements.
|
|
|
|
|
