Balance Sheet
	Decemer 31 2004
				Unit:USD
Items	Items	Notes	2004	2003
Assets	Assets
	Cash balance		5,118,999.07	712,601.28
	Guarantee		-	-
	Calls & premiums receivable		421,873.06	662,064.49
	Reinsurance recoveries receivable	3	4,430,664.77	2,244,736.09
	Sundry debtors		553,148.52	-
	Total current assets		10,524,685.42	3,619,401.86
	Long-term investments	4	2,259,151.78	3,688,951.41
	Total Long-term investments		2,259,151.78	3,688,951.41
Total assets	Total assets		12,783,837.20	7,308,353.27
Liabilities	Liabilities
	Liabilities provision	5	7,953,683.00	5,995,637.00
	Sundry creditors		-	333,757.07
Total liabilities	Total liabilities		7,953,683.00	6,329,394.07
Reserves	Reserves	6	4,830,154.20	978,959.20
Total liabilities & reserves	Total liabilities & reserves		12,783,837.20	7,308,353.27