Income and Expenditure account
For the Year ended December 31 2004
					Unit：USD
Items		Notes		2004	2003
Calls and premiums		7	A	3,700,368.09	2,476,056.43
Incurred Claims		8	B	199,530.40	3,053,868.17
Other expenditure			C	537,435.09	443,551.06
	Brokerage			6,506.50	8,794.76
	Operating expenses			536,084.91	439,282.46
	Financial expenses thereinto:			(5,156.32)	(4,526.16)
	Exchange profit & loss			(105.18)	5,742.30
	Interest			(7,621.79)	(12,192.80)
	Bank charges			2,570.65	1,924.34
Surplus from operating activities		A-B-C=D		2,963,402.60	(1,021,362.80)
Investment income		4	E	887,792.40	211,225.39
Surplus for the year		D+E=F		3,851,195.00	(810,137.41)
Reserves at beginning of year			J	978,959.20	1,789,096.61
Reserves at end of year			F+J	4,830,154.20	978,959.20