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Income And
Expenditure Account |
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For the year ended
February 20 2008 |
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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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2007/2008 |
2006/2007 |
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2007/2008 |
2006/2007 |
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2007/2008 |
2006/2007 |
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Calls and premiums |
5 |
A |
25,613,643.18 |
18,188,079.53 |
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25,517,040.90 |
18,103,704.34 |
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96,602.28 |
84,375.19 |
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Claims |
6 |
B |
13,154,676.13 |
12,472,315.33 |
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13,105,353.27 |
12,472,315.33 |
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49,322.86 |
- |
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Other expenditure |
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C |
3,695,917.52 |
3,405,308.84 |
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3,683,805.94 |
3,394,592.10 |
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12,111.58 |
10,716.74 |
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(1) |
Loss prevention |
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15,003.08 |
43,611.14 |
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15,003.08 |
43,611.14 |
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(2) |
Brokerage |
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483,462.88 |
439,242.50 |
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479,079.48 |
435,275.78 |
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4,383.40 |
3,966.72 |
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(3) |
Operating expenses |
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3,159,260.70 |
2,567,172.50 |
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3,151,532.52 |
2,560,422.48 |
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7,728.18 |
6,750.02 |
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(4) |
Financial expenses thereinto: |
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38,190.86 |
355,282.70 |
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38,190.86 |
355,282.70 |
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- |
- |
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Exchange profit & loss |
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(313,386.30) |
(271,631.14) |
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(313,386.30) |
(271,631.14) |
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Interest |
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328,460.42 |
595,767.23 |
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328,460.42 |
595,767.23 |
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Bank charges |
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23,116.74 |
31,146.61 |
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23,116.74 |
31,146.61 |
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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 |
8,763,049.53 |
2,310,455.36 |
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8,727,881.69 |
2,236,796.91 |
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35,167.84 |
73,658.45 |
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Investment income |
7 |
E |
145,240,326.16 |
36,143,193.14 |
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145,234,686.67 |
36,133,214.07 |
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5,639.49 |
9,979.07 |
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Surplus for the year |
F=D+E |
154,003,375.69 |
38,453,648.50 |
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153,962,568.36 |
38,370,010.98 |
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40,807.33 |
83,637.52 |
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Transfers to
liabilities provision |
8 |
G |
(11,364,583.73) |
955,256.00 |
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(11,392,966.73) |
938,256.00 |
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28,383.00 |
17,000.00 |
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Transfers to
reserves |
H=F-G |
165,367,959.42 |
37,498,392.50 |
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165,355,535.09 |
37,431,754.98 |
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12,424.33 |
66,637.52 |
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Liabilities
provision at beginning of year |
I |
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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Liabilities
provision at end of year |
I+G |
31,944,353.27 |
43,308,937.00 |
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31,807,370.27 |
43,200,337.00 |
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136,983.00 |
108,600.00 |
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Reserves at
beginning of year |
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J |
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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Reserves at end of
year |
9 |
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355,674,811.60 |
164,481,177.62 |
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355,431,620.13 |
164,250,410.48 |
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243,191.47 |
230,767.14 |
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