Statement of income and expenses as

12/31/2004

12/31/2005

12/31/2006

Income

Tuition

7460.00

337646.89

351053.00

Dormitory/Meals

1550.00

90048.88

Transportation income

30264.00

Seminar

6990.00

Books

2333.00

Other income

234.41

473.12

127.00

 Operation income

18567.41

338120.01

471492.88

 Donation

267953.13

307849.38

212035.96

  Sub-total

286520.54

645969.39

683528.84

Expenses

Salary

4040.00

80323.00

251160.00

Employee benefits

8868.00

30635.40

Medical expenses

478.70

Meals

17110.35

49079.01

82024.86

Teacher training expenses

630.00

10552.00

27506.91

Transportation expenses

5237.50

19759.50

81427.15

Travel & entertainment

2003.50

976.50

Rental

20000.00

25500.00

60000.00

Office expenses

1186.20

20519.68

38203.61

Postage

2925.10

5499.25

Freight

16487.85

0.00

Teaching material

3783.70

11408.99

45607.63

Student tuition fund

757.20

115877.96

Electricity and water

4644.90

11437.72

Building maintenance/repair expenses

130435.45

36342.00

80736.87

Maintenance expenses

796.50

15487.93

Fund raising expenses

7606.51

Consulting fees

1947.80

Masc. expenses

543.00

3453.10

657.19

  Sub-total

212529.05

415563.34

705566.13

Operation Deficit/Surplus

73991.49

230406.05

-22037.29