QMWD CREDIT COOPERATIVE, INC.

Income Statement
For the Period Ending December 31, 2003

Interest Income P 82,402.00

Service Charge 9,000.00
Total 91,402.00
Less : Rebate on Interest 21,680.00
Total 69,722.00
Less : Honorarium 30,000.00
Net Income P 39,722.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending December 31, 2003

Assets and Other Debits :

Cash in Bank P 391,149.48
Petty Cash Fund 5,000.00
Loans Receivable 4,764,084.20
Total Assets and Other Debits P 5,160,233.68

Capital and Other Credits : 4,778,477.33

Capital Contributions 342,092.02
Fixed Deposits
Retained Earnings, Beg. Bal. P 534,091.70
Add: Net Income for the period 39,722.00
Total P 573,813.70
Less: Dividends- July to Dec 534,149.37 39,664.33

Total Capital and Other Credits P 5,160,233.68

Prepared by : Checked :

TEOTIMA R. PERILLA ISABELITA C. IBARROLA

Bookkeeper Treasurer

Certified Correct :

ROMULO M. ETCUBANAS
Auditor
 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending January 31, 2004

Interest Income P 135,828.00

Service Charge 17,037.00
Total 152,865.00
Less : Rebate on Interest 41,050.00
Net Income for the Period P 111,815.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending January 31, 2004

Assets and Other Debits :

Cash in Bank P 419,813.48
Petty Cash Fund 5,000.00
Loans Receivable 4,814,235.20
Total Assets and Other Debits P 5,239,048.68

Capital and Other Credits :

Capital Contributions 4,743,477.33
Fixed Deposits 344,092.02
Retained Earnings, Beg. Bal. P 39,664.33
Add: Net Income for the period 111,815.00 P 151,479.33
Total Capital and Other Credits P 5,239,048.68

Prepared by : Checked by :

TEOTIMA R. PERILLA ISABELITA C .IBARROLA

Bookkeeper Treasurer

Certified Correct :

ROMULO M. ETCUBANAS
Auditor
 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending September 30, 2004

Interest Income P 182,896.00

Add:Service Charge 23,520.00
Total 206,416.00
Less : Rebate on Interest 64,285.00
Net Income for the Period P 142,131.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending September 30, 2004

Assets and Other Debits :

Cash in Bank P 34,070.38
Petty Cash Fund 2,375.00
Loans Receivable 5,854,250.70
Total Assets and Other Debits P 5,890,696.08

Capital and Other Credits :

Capital Contributions P 5,133,477.33
Fixed Deposits 342,092.02
Retained Earnings, Beg. Bal. P 272,995.73
Add: Net Income for the period 142,131.00
Total P 415,126.73

Total Capital and Other Credits P 5,890,696.08

 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending October 31, 2004

Interest Income P 117,385.00

Add:Service Charge 15,023.00
Total 132,408.00
Less : Rebate on Interest 27,237.00
Net Income for the Period P 105,171.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending October 31, 2004

Assets and Other Debits :

Cash in Bank P 135,168.55
Petty Cash Fund 2,375.00
Loans Receivable 5,858,323.53
Total Assets and Other Debits P 5,995,867.08

Capital and Other Credits :

Capital Contributions P 5,133,477.33
Fixed Deposits 342,092.02
Retained Earnings, Beg. Bal. P 415,126.73
Add: Net Income for the period 105,171.00 .
Total 520,297.73

Total Capital and Other Credits P 5,995,867.08

 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending November 30, 2004

Interest Income P 97,918.00

Add:Service Charge 11,746.00
Total 109,664.00
Less : Rebate on Interest 10,715.33
Honorarium 30,000.00
Net Income for the period P 68,948.67

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending November 30, 2004

Assets and Other Debits :

Cash in Bank P 110,549.55
Petty Cash Fund 2,375.00
Loans Receivable 5,935,891.20
Total Assets and Other Debits P 6,048,815.75

Capital and Other Credits :

Capital Contributions P 5,115,477.33
Fixed Deposits 344,092.02
Retained Earnings, Beg. Bal. P 520,297.73
Add: Net Income for the period 68,948.67 589,246.40

Total Capital and Other Credits P 6,048,815.75

 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending April 30, 2004

Interest Income P 125,851.00

Service Charge 16,033.00
Total 141,884.00
Less : Rebate on Interest 43,466.00
Net Income for the Period P 98,418.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending April 30, 2004

Assets and Other Debits :

Cash in Bank P 40,017.48
Petty Cash Fund 5,000.00
Loans Receivable 5,604,465.20

Total Assets and Other Debits P 5,649,482.68

Capital and Other Credits :

Capital Contributions 4,743,477.33
Fixed Deposits 343,092.02
Retained Earnings, Beg. Bal. P 464,495.33
Add: Net Income for the period 98,418.00 562,913.33

Total Capital and Other Credits P 5,649,482.68

Prepared by : Checked :

TEOTIMA R. PERILLA ISABELITA C. IBARROLA

Bookkeeper Treasurer

Certified Correct :

ROMULO M. ETCUBANAS
Auditor
 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending May 31, 2004

Interest Income P 109,010.00

Service Charge 15,530.00
Total 124,540.00
Less : Rebate on Interest 23,025.00
Total 101,515.00
Less : Honorarium 30,000.00
Net Income for the Period P 71,515.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending March 31, 2004

Assets and Other Debits :

Cash in Bank P 10,649.88
Petty Cash Fund 5,000.00
Loans Receivable 5,668,404.20
Total Assets and Other Debits P 5,684,054.08

Capital and Other Credits :

Capital Contributions 4,743,477.33
Fixed Deposits 341,592.02
Retained Earnings, Beg. Bal. P 562,913.33
Add: Net Income for the period 71,515.00
P 634,428.33
Less : Dividend -January-June 2004 35,443.60 598,984.73
Total Capital and Other Credits P 5,684,054.08

Prepared by : Checked by :

TEOTIMA R. PERILLA ISABELITA C .IBARROLA

Bookkeeper Treasurer

Certified Correct :

ROMULO M. ETCUBANAS
Auditor
 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending February 29, 2004

Interest Income P 157,835.00

Service Charge 20,820.00
Total 178,655.00
Less : Rebate on Interest 27,761.00
Net Income for the Period P 150,894.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending February 29, 2004

Assets and Other Debits :

Cash in Bank P 192,494.48
Petty Cash Fund 5,000.00
Loans Receivable 5,194,448.20

Total Assets and Other Debits P 5,391,942.68

Capital and Other Credits :

Capital Contributions 4,743,477.33
Fixed Deposits 346,092.02
Retained Earnings, Beg. Bal. P 151,479.33
Add: Net Income for the period 150,894.00 302,373.33

Total Capital and Other Credits P 5,391,942.68

Prepared by : Checked :

TEOTIMA R. PERILLA ISABELITA C. IBARROLA

Bookkeeper Treasurer

Certified Correct :

ROMULO M. ETCUBANAS
Auditor
 QMWD CREDIT COOPERATIVE, INC.
Income Statement
For the Period Ending March 31, 2004

Interest Income P 195,233.00

Service Charge 26,960.00
Total 222,193.00
Less : Rebate on Interest 60,071.00
Net Income for the Period P 162,122.00

QMWD CREDIT COOPERATIVE, INC.

Balance Sheet
For the Period Ending March 31, 2004

Assets and Other Debits :

Cash in Bank P 15,810.48
Petty Cash Fund 5,000.00
Loans Receivable 5,530,254.20
Total Assets and Other Debits P 5,551,064.68

Capital and Other Credits :

Capital Contributions 4,743,477.33
Fixed Deposits 343,092.02
Retained Earnings, Beg. Bal. P 302,373.33
Add: Net Income for the period 162,122.00 P 464,495.33
Total Capital and Other Credits P 5,551,064.68

Prepared by : Checked by :

TEOTIMA R. PERILLA ISABELITA C .IBARROLA

Bookkeeper Treasurer

Certified Correct :

ROMULO M. ETCUBANAS
Auditor