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Income And
Expenditure Account |
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For the year ended
February 20 2007 |
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Unit：USD |
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Total |
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P&I |
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FDD |
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Items |
Notes |
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2006/2007 |
2005/2006 |
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2006/2007 |
2005/2006 |
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2006/2007 |
2005/2006 |
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Calls and premiums |
5 |
A |
18,188,079.53 |
17,362,735.33 |
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18,103,704.34 |
17,295,444.83 |
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84,375.19 |
67,290.50 |
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Claims |
6 |
B |
12,472,315.33 |
9,381,312.78 |
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12,472,315.33 |
9,341,763.38 |
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0.00 |
39,549.40 |
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Other expenditure |
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C |
3,405,308.84 |
2,483,524.04 |
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3,394,592.10 |
2,474,466.79 |
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10,716.74 |
9,057.25 |
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(1) |
Loss prevention |
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43,611.14 |
34,544.73 |
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43,611.14 |
34,544.73 |
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(2) |
Brokerage |
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439,242.50 |
388,294.87 |
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435,275.78 |
384,620.86 |
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3,966.72 |
3,674.01 |
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(3) |
Operating expenses |
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2,567,172.50 |
2,278,413.05 |
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2,560,422.48 |
2,273,029.81 |
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6,750.02 |
5,383.24 |
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(4) |
Financial expenses thereinto: |
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355,282.70 |
(217,728.61) |
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355,282.70 |
(217,728.61) |
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- |
- |
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Exchange profit & loss |
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(271,631.14) |
(64,255.48) |
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(271,631.14) |
(64,255.48) |
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Interest |
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595,767.23 |
(155,651.34) |
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595,767.23 |
(155,651.34) |
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Bank charges |
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31,146.61 |
2,178.21 |
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31,146.61 |
2,178.21 |
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(5) |
Others |
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- |
- |
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- |
- |
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- |
- |
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Surplus from operating
activities |
D=A-B-C |
2,310,455.36 |
5,497,898.51 |
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2,236,796.91 |
5,479,214.66 |
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73,658.45 |
18,683.85 |
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Investment income |
7 |
E |
36,143,193.14 |
14,712,453.11 |
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36,133,214.07 |
14,707,261.51 |
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9,979.07 |
5,191.60 |
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Surplus for the year |
F=D+E |
38,453,648.50 |
20,210,351.62 |
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38,370,010.98 |
20,186,476.17 |
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83,637.52 |
23,875.45 |
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Transfers to liabilities
provision |
8 |
G |
955,256.00 |
2,221,907.36 |
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938,256.00 |
2,236,524.36 |
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17,000.00 |
(14,617.00) |
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Transfers to reserves |
H=F-G |
37,498,392.50 |
17,988,444.26 |
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37,431,754.98 |
17,949,951.81 |
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66,637.52 |
38,492.45 |
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Liabilities provision at
beginning of year |
I |
42,353,681.00 |
40,131,773.64 |
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42,262,081.00 |
40,025,556.64 |
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91,600.00 |
106,217.00 |
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Liabilities provision at end of
year |
I+G |
43,308,937.00 |
42,353,681.00 |
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43,200,337.00 |
42,262,081.00 |
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108,600.00 |
91,600.00 |
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Reserves at beginning of year |
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J |
117,760,759.00 |
95,158,565.96 |
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117,596,629.38 |
95,032,928.79 |
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164,129.62 |
125,637.17 |
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Reserves at end of year |
9 |
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164,481,177.62 |
117,760,759.00 |
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164,250,410.48 |
117,596,629.38 |
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230,767.14 |
164,129.62 |
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