Balance Sheet

December 31 2006

 

 

 

Unit:USD

Items

Notes

2006

2005

Assets

 

 

 

Cash balance

 

     12,696,947.72

5,137,556.65

Guarantee

 

-  

-  

Calls & premiums receivable

 

869,164.22

543,239.67

Reinsurance recoveries receivable

3

7,503,789.07

8,677,278.86

Sundry debtors

 

117,883.93

102,246.39

    Total current assets

 

     21,187,784.94

14,460,321.57

Long-term investments

4

2,441,818.77

7,010,238.28

    Total Long-term investments

 

2,441,818.77

7,010,238.28

    Total assets

 

  23,629,603.71

       21,470,559.85

Liabilities

 

 

 

Liabilities provision

5

9,700,146.27

11,954,373.90

Sundry creditors

 

-  

148,695.20

     Total liabilities

 

9,700,146.27

12,103,069.10

Reserves

6

     13,929,457.44

9,367,490.75

 Total liabilities & reserves

 

  23,629,603.71

       21,470,559.85