Balance Sheet

December 31 2007

 

 

 

Unit:USD

Items

Notes

2007

2006

Assets

 

 

 

Cash balance

 

     13,681,844.52

          12,696,947.72

Guarantee

 

-  

-  

Calls & premiums receivable

 

          322,070.85

              869,164.22

Reinsurance recoveries receivable

3

     15,987,707.89

            7,503,789.07

Sundry debtors

 

-  

              117,883.93

    Total current assets

 

     29,991,623.26

          21,187,784.94

Long-term investments

4

       5,694,001.66

            2,441,818.77

    Total Long-term investments

 

       5,694,001.66

            2,441,818.77

       Total assets

 

  35,685,624.92

       23,629,603.71

Liabilities

 

 

 

Liabilities provision

5

     16,283,583.68

            9,700,146.27

Sundry creditors

 

           35,172.23

-  

     Total liabilities

 

     16,318,755.91

            9,700,146.27

Reserves

6

     19,366,869.01

          13,929,457.44

 Total liabilities & reserves

 

  35,685,624.92

       23,629,603.71