|
Cash Flow Statement |
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|
For the year ended
February 20 2008 |
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|
|
|
|
UNIT:USD |
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|
Items |
Notes |
|
|
|
|
Operating activities |
|
|
|
|
|
|
Calls and premiums
received |
|
|
35,765,198.74 |
|
|
Claims recoveries
from 3rd party |
|
|
172,486.18 |
|
|
Guarantee returned |
|
|
- |
|
|
Co-insured
recoveries |
|
|
2,577,701.13 |
|
|
Interest received
& exchange profit |
|
|
443,522.24 |
|
|
Other income |
|
|
8,625,122.87 |
|
Subtotal |
|
A |
47,584,031.16 |
|
|
|
Claims paid |
|
|
17,620,881.73 |
|
|
Co-insurance
premiums paid |
|
|
13,877,115.66 |
|
|
Operating expenses
paid |
|
|
3,697,943.19 |
|
|
Loss prevention paid |
|
|
15,003.08 |
|
|
Guarantee paid |
|
|
- |
|
|
Brokerage paid |
|
|
483,462.88 |
|
|
Bank charges &
exchange loss |
|
|
23,116.74 |
|
|
Others expenses paid |
|
|
- |
|
Subtotal |
|
B |
35,717,523.28 |
|
|
Net cash flow from
operating activities |
|
A-B=C |
11,866,507.88 |
|
|
Investing activities |
|
|
|
|
|
|
|
|
|
- |
|
|
Investment income
received |
|
|
1,608,683.82 |
|
|
Other investing
income |
|
|
- |
|
Subtotal |
|
D |
1,608,683.82 |
|
|
|
Purchase of fixed assets |
|
|
394,433.68 |
|
|
Cash paid to acquire
equity investments |
|
|
- |
|
|
Other investing
activities |
|
|
- |
|
Subtotal |
|
E |
394,433.68 |
|
|
Net cash flow from
investing activities |
|
D-E=F |
1,214,250.14 |
|
|
Financing activities |
|
|
|
|
|
|
Proceeds from
borrowings |
|
|
11,896,098.08 |
|
Subtotal |
|
G |
11,896,098.08 |
|
|
|
Cash repayments of
amounts borrowed |
|
|
19,873,481.50
|
|
|
Cash payments of
interest expenses |
|
|
458,596.36 |
|
Subtotal |
|
H |
20,332,077.86 |
|
|
Net cash flow from
financing activities |
|
G-H=I |
(8,435,979.78) |
|
|
The influence of
floating exchange rate on cash and cash equivalents |
|
J |
1,962,244.00 |
|
|
Net increase in cash
and cash equivalents |
C+F+I+J |
6,607,022.24 |
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|
Cash and cash
equivalents at beginning of period |
|
35,075,953.29 |
||
|
Cash and cash
equivalents at end of period |
|
28,468,931.05 |
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