Income And Expenditure Account
For the year ended February 20 2006
					Unit：USD
				Total			P&I			FDD
Items		Notes		2005/2006	2004/2005		2005/2006	2004/2005		2005/2006	2004/2005
Calls and premiums		5	A	17,362,735.33	15,681,707.24		17,295,444.83	15,608,348.75		67,290.50	73,358.49
Claims		6	B	9,381,312.78	10,033,617.37		9,341,763.38	10,007,697.85		39,549.40	25,919.52
Other expenditure			C	2,483,524.04	2,378,081.28		2,474,466.79	2,368,610.85		9,057.25	9,470.43
(1)	Loss prevention			34,544.73	28,768.21		34,544.73	28,768.21
(2)	Brokerage			388,294.87	358,192.29		384,620.86	354,590.54		3,674.01	3,601.75
(3)	Operating expenses			2,278,413.05	1,977,204.01		2,273,029.81	1,971,335.33		5,383.24	5,868.68
(4)	Financial expenses thereinto:			(217,728.61)	(5,415.07)		(217,728.61)	(5,415.07)		-	-
	Exchange profit & loss			(64,255.48)	5,181.88		(64,255.48)	5,181.88
	Interest			(155,651.34)	(43,147.32)		(155,651.34)	(43,147.32)
	Bank charges			2,178.21	32,550.37		2,178.21	32,550.37
(5)	Others			-	19,331.84		-	19,331.84		-	-
Surplus from operating activities		D=A-B-C		5,497,898.51	3,270,008.59		5,479,214.66	3,232,040.05		18,683.85	37,968.54
Investment income		7	E	14,712,453.11	8,430,132.22		14,707,261.51	8,420,496.15		5,191.60	9,636.07
Surplus for the year		F=D+E		20,210,351.62	11,700,140.81		20,186,476.17	11,652,536.20		23,875.45	47,604.61
Transfers to liabilities provision		8	G	2,221,907.36	(8,809,823.36)		2,236,524.36	(8,860,040.36)		(14,617.00)	50,217.00
Transfers to reserves		H=F-G		17,988,444.26	20,509,964.17		17,949,951.81	20,512,576.56		38,492.45	(2,612.39)
Liabilities provision at beginning of year			I	40,131,773.64	48,941,597.00		40,025,556.64	48,885,597.00		106,217.00	56,000.00
Liabilities provision at end of year			I+G	42,353,681.00	40,131,773.64		42,262,081.00	40,025,556.64		91,600.00	106,217.00
Reserves at beginning of year			J	95,158,565.96	73,767,890.71		95,032,928.79	73,639,641.15		125,637.17	128,249.56
Reserves at end of year		9		117,760,759.00	95,158,565.96		117,596,629.38	95,032,928.79		164,129.62	125,637.17