Cash Flow Statement
For the Year ended December 31 2005
			Unit:USD
Items	Notes
Operating activities
Calls and premiums received			11,568,620.50
Claims recoveries from 3rd party			-
reinsurance recoveries			2,691,272.45
Interest received & exchange profit			162,153.85
Other income			599,597.33
Subtotal		A	15,021,644.13
Claims paid			4,751,844.34
Reinsurance premiums paid			5,420,272.35
Operating expenses paid			935,198.97
Loss prevention paid			-
Brokerage paid			29,006.63
Bank charges & exchange loss			4,357.19
Other expenses paid			-
Subtotal		B	11,140,679.48
Net cash flow from operating activities		A-B=C	3,880,964.65
Investing activities
Sale of investments			-
Investment income received			888,679.43
Subtotal		D	888,679.43
Purchase of investments			4,751,086.50
Subtotal		E	4,751,086.50
Net cash flow from investing activities		D-E=F	(3,862,407.07)
Net increase in cash and cash equivalents		C+F	18,557.58
Cash balances at beginning of period			5,118,999.07
Cash balances at end of period			5,137,556.65