Cash Flow Statement
For the Year ended December 31 2004
			Unit:USD
Items	Notes
Operating activities
Calls and premiums received			6,941,252.80
Claims recoveries from 3rd party			-
reinsurance recoveries			591,575.36
Interest received & exchange profit			7,621.79
Other income			-
Subtotal		A	7,540,449.95
Claims paid			1,018,988.44
Reinsurance premiums paid			3,000,693.28
Operating expenses paid			536,084.91
Loss prevention paid			-
Brokerage paid			6,506.50
Bank charges & exchange loss			2,465.47
Other expenses paid			886,905.59
Subtotal		B	5,451,644.19
Net cash flow from operating activities		A-B=C	2,088,805.76
Investing activities
Sale of investments			1,429,799.63
Investment income received			887,792.40
Subtotal		D	2,317,592.03
Purchase of investments			-
Subtotal		E	-
Net cash flow from investing activities		D-E=F	2,317,592.03
Net increase in cash and cash equivalents		C+F	4,406,397.79
Cash balances at beginning of period			712,601.28
Cash balances at end of period			5,118,999.07