|
Income and
Expenditure account |
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|
For the Year ended
December 31 2007 |
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|
|
|
|
|
|
Unit：USD |
|
Items |
Notes |
|
2007 |
2006 |
|
|
Calls and premiums |
7 |
A |
5,965,006.06 |
5,735,311.51 |
|
|
Incurred Claims |
8 |
B |
1,409,914.39 |
2,067,938.79 |
|
|
Other expenditure |
|
C |
115,132.63 |
727,603.32 |
|
|
|
Brokerage |
|
|
27,121.47 |
22,605.86 |
|
|
Operating expenses |
|
|
962,127.53 |
998,299.50 |
|
|
Financial expenses thereinto: |
|
|
(874,116.37) |
(293,302.04) |
|
|
Exchange profit & loss |
|
|
(37,631.77) |
(3,313.00) |
|
|
Interest |
|
|
(842,005.07) |
(293,969.07) |
|
|
Bank charges |
|
|
5,520.47 |
3,980.03 |
|
Surplus from
operating activities |
A-B-C=D |
4,439,959.04 |
2,939,769.40 |
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|
Investment income |
4 |
E |
692,767.14 |
1,470,599.94 |
|
|
Surplus for the year |
D+E=F |
5,132,726.18 |
4,410,369.34 |
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|
Reserves at
beginning of year |
|
J |
13,929,457.44 |
9,367,490.75 |
|
|
Reserves at end of
year |
|
F+J |
19,366,869.01 |
13,929,457.44 |
|