Balance Sheet
February 20 2009
					Unit: USD
				TotaL			P&I			FDD
Items			Notes	2008/2009	2007/2008		2008/2009	2007/2008		2008/2009	2007/2008
Assets
	Cash balance			16,535,356.92	11,283,757.13		16,535,356.92	11,283,757.13
	Short-term investments			26,624,925.03	23,792,196.16		26,624,925.03	23,792,196.16
	Guarantee			3,153,392.37	3,120,351.47		3,153,392.37	3,120,351.47
	Calls and premiums receivable			1,399,511.95	1,738,641.10		1,376,470.38	1,738,443.84		23,041.57	197.26
	Co-insured recoveries receivable			130,794.94	1,842,609.03		130,794.94	1,842,609.03
	Sundry debtors		3	3,122,004.27	5,807,977.97		3,103,790.56	5,807,977.97		18,213.71
	Total current assets			50,965,985.48	47,585,532.86		50,924,730.20	47,585,335.60		41,255.28	197.26
	Long-term investments		4	386,365,337.67	344,846,149.62		385,934,366.76	344,470,322.97		430,970.91	375,826.65
	Total long-term investments			386,365,337.67	344,846,149.62		385,934,366.76	344,470,322.97		430,970.91	375,826.65
	Fixed assets			10,612,601.61	3,476,349.19		10,612,601.61	3,476,349.19
	Less: Accumulated depreciation			906,437.45	617,349.25		906,437.45	617,349.25
	Net fixed assets			9,706,164.16	2,858,999.94		9,706,164.16	2,858,999.94
Total assets		A		447,037,487.31	395,290,682.42		446,565,261.12	394,914,658.51		472,226.19	376,023.91
Liabilities
	Short-term loans		3	5,000,000.00	-		5,000,000.00	-
	Liabilities provision		8	31,803,980.00	31,944,353.27		31,578,825.00	31,807,370.27		225,155.00	136,983.00
	Sundry creditors		3	1,923,817.61	7,671,517.55		1,923,817.61	7,675,668.11			(4,150.56)
	Guarantee payable			-	-		-	-
Total liabilities		B		38,727,797.61	39,615,870.82		38,502,642.61	39,483,038.38		225,155.00	132,832.44
Reserves		C	9	408,309,689.70	355,674,811.60		408,062,618.51	355,431,620.13		247,071.19	243,191.47
Total liabilities & reserves		D=B+C		447,037,487.31	395,290,682.42		446,565,261.12	394,914,658.51		472,226.19	376,023.91