|
Income and
Expenditure account |
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For the Year ended
December 31 2006 |
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|
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|
Unit：USD |
|
Items |
Notes |
|
2006 |
2005 |
|
|
Calls and premiums |
7 |
A |
5,735,311.51 |
6,269,714.76 |
|
|
Incurred Claims |
8 |
B |
2,067,938.79 |
1,814,648.70 |
|
|
Other expenditure |
|
C |
727,603.32 |
924,613.49 |
|
|
|
Brokerage |
|
|
22,605.86 |
29,006.63 |
|
|
Operating expenses |
|
|
998,299.50 |
935,198.97 |
|
|
Financial expenses thereinto: |
|
|
(293,302.04) |
(39,592.11) |
|
|
Exchange profit & loss |
|
|
(3,313.00) |
(23,269.67) |
|
|
Interest |
|
|
(293,969.07) |
(20,679.63) |
|
|
Bank charges |
|
|
3,980.03 |
4,357.19 |
|
Surplus from
operating activities |
A-B-C=D |
2,939,769.40 |
3,530,452.57 |
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|
Investment income |
4 |
E |
1,470,599.94 |
888,679.43 |
|
|
Surplus for the year |
D+E=F |
4,410,369.34 |
4,419,132.00 |
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|
Reserves at
beginning of year |
|
J |
9,367,490.75 |
4,830,154.20 |
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Reserves at end of
year |
|
F+J |
13,929,457.44 |
9,367,490.75 |
|