|
Cash Flow Statement |
|||
|
For the Year ended December 31 2006 |
|||
|
|
|
|
Unit:USD |
|
Items |
Notes |
|
|
|
Operating activities |
|
|
|
|
Calls and premiums
received |
|
|
12,152,819.16 |
|
Claims recoveries from 3rd
party |
|
|
103,586.81 |
|
Reinsurance recoveries |
|
|
3,184,998.49 |
|
Interest received &
exchange profit |
|
|
448,879.42 |
|
Other income |
|
|
- |
|
Subtotal |
|
A |
15,890,283.88 |
|
Claims paid |
|
|
6,437,261.93 |
|
Reinsurance premiums paid |
|
|
6,743,432.20 |
|
Operating expenses paid |
|
|
998,299.50 |
|
Brokerage paid |
|
|
22,605.86 |
|
Bank charges &
exchange loss |
|
|
3,980.03 |
|
Other expenses paid |
|
|
164,332.74 |
|
Subtotal |
|
B |
14,369,912.26 |
|
Net cash flow from
operating activities |
|
A-B=C |
1,520,371.62 |
|
Investing activities |
|
|
|
|
|
|
|
4,568,419.51 |
|
Investment income received |
|
|
1,470,599.94 |
|
Subtotal |
|
D |
6,039,019.45 |
|
Purchase of investments |
|
|
- |
|
Subtotal |
|
E |
- |
|
Net cash flow from investing
activities |
D-E=F |
6,039,019.45 |
|
|
Net increase in cash
and cash equivalents |
C+F |
7,559,391.07 |
|
|
Cash balances at
beginning of period |
|
|
5,137,556.65 |
|
Cash balances at end
of period |
|
|
12,696,947.72 |