|
Cash Flow Statement |
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|
For the Year ended December 31 2007 |
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|
|
|
|
Unit:USD |
|
Items |
Notes |
|
|
|
Operating activities |
|
|
|
|
Calls and premiums
received |
|
|
12,573,687.55 |
|
Claims recoveries from 3rd
party |
|
|
- |
|
Reinsurance recoveries |
|
|
1,676,880.18 |
|
Interest received &
exchange profit |
|
|
1,184,322.23 |
|
Other income |
|
|
153,056.16 |
|
Subtotal |
|
A |
15,587,946.12 |
|
Claims paid |
|
|
4,987,275.98 |
|
Reinsurance premiums paid |
|
|
6,061,588.12 |
|
Operating expenses paid |
|
|
962,127.53 |
|
Brokerage paid |
|
|
27,121.47 |
|
Bank charges &
exchange loss |
|
|
5,520.47 |
|
Other expenses paid |
|
|
- |
|
Subtotal |
|
B |
12,043,633.57 |
|
Net cash flow from
operating activities |
|
A-B=C |
3,544,312.55 |
|
Investing activities |
|
|
|
|
|
|
|
|
|
Investment income received |
|
|
692,767.14 |
|
Subtotal |
|
D |
692,767.14 |
|
Purchase of investments |
|
|
3,252,182.89 |
|
Subtotal |
|
E |
3,252,182.89 |
|
Net cash flow from investing
activities |
D-E=F |
(2,559,415.75) |
|
|
Net increase in cash
and cash equivalents |
C+F |
984,896.80 |
|
|
Cash balances at
beginning of period |
|
|
12,696,947.72 |
|
Cash balances at end
of period |
|
|
13,681,844.52 |