Balance Sheet

 

 

 

 

 

 

February 20 2007

 

 

 

 

 

 

 

 

 

 

 

Unit:USD

 

 

 

 

 

 

 

 

 

 

TotaL

 

P&I

 

FDD

Items

 

Notes

2006/2007

2005/2006

 

2006/2007

2005/2006

 

2006/2007

2005/2006

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash balance

 

 

28,468,931.05

19,260,743.23

 

28,468,931.05

19,260,743.23

 

 

 

 

Guarantee

 

 

3,120,351.47

6,568,012.31

 

3,120,351.47

6,568,012.31

 

 

 

 

Calls and premiums receivable

 

 

1,775,717.38

1,912,284.87

 

1,775,717.38

1,912,284.87

 

-  

-  

 

Reinsurance recoveries receivable

 

126,590.74

235,876.86

 

126,590.74

235,876.86

 

 

 

 

Sundry debtors

 

3

5,048,893.66

3,876,077.24

 

5,048,893.66

3,870,443.53

 

-  

 

 

  Total current assets

 

38,540,484.30

31,852,994.51

 

38,540,484.30

31,847,360.80

 

-  

5,633.71

 

Long-term investments

4

176,888,703.41

131,667,676.94

 

176,558,141.77

131,417,581.03

 

330,561.64

250,095.91

 

  Total long-term investments

 

176,888,703.41

131,667,676.94

 

176,558,141.77

131,417,581.03

 

330,561.64

250,095.91

 

Fixed assets

 

 

3,215,380.85

3,094,252.34

 

3,215,380.85

3,094,252.34

 

 

 

 

Less: Accumulated depreciation

 

 

499,127.75

423,802.96

 

499,127.75

423,802.96

 

 

 

 

  Net fixed assets

 

 

2,716,253.10

2,670,449.38

 

2,716,253.10

2,670,449.38

 

 

 

   Total assets

A

 

218,145,440.81

166,191,120.83

 

217,814,879.17

165,935,391.21

 

330,561.64

255,729.62

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Short-term loans

 

 

7,363,579.99

3,851,745.09

 

7,363,579.99

3,851,745.09

 

 

 

 

Liabilities provision

 

8

43,308,937.00

42,353,681.00

 

43,200,337.00

42,262,081.00

 

108,600.00

91,600.00

 

Sundry creditors

 

3

2,991,746.20

2,224,935.74

 

3,000,551.70

2,224,935.74

 

 

-  

 

Guarantee payable

 

 

-  

-  

 

-  

-  

 

 

 

   Total liabilities

B

 

53,664,263.19

48,430,361.83

 

53,564,468.69

48,338,761.83

 

99,794.50

91,600.00

 

 

 

 

 

 

 

 

 

 

 

 

Reserves

C

 

164,481,177.62

117,760,759.00

 

164,250,410.48

117,596,629.38

 

230,767.14

164,129.62

Total liabilities & reserves

D=B+C

 

218,145,440.81

166,191,120.83

 

217,814,879.17

165,935,391.21

 

330,561.64

255,729.62