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Statement of Operations

Year ended December 31, 2009, with comparative figures for 2008 (in Thousands of Dollars)

2009 2008 NextGen

SD Tech Biofuels Fund Fund Total Total

Revenue:

Amortization of deferred

contributions (note 6) $ 57,001 $ 1,213 $ 58,214 $ 51,048

Expenses:

Governance 724 97 821 659 Mandatory reporting 1,120 63 1,183 1,220 Project screening and evaluation 2,841 496 3,337 2,779 Project contracting and monitoring 953 147 1,100 795 Infrastructure development

and outreach 1,830 124 1,954 1,215 Financial audit 28 13 41 39 General administration 1,575 185 1,760 1,263 Amortization of capital assets 198 18 216 162 Outsourced services 820 70 890 1,118 10,089 1,213 11,302 9,250

Project expenditures:

Project disbursements 46,634 –   46,634 41,604 Technical and financial

audit costs 278 –   278 194 Total project expenditures 46,912 –   46,912 41,798

Total expenditures 57,001 1,213 58,214 51,048

Excess of revenue over expenses $ –   $ –   $ –   $ –  

See accompanying notes to financial statements.

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