Balance Sheet

December 31 2008

 

 

 

Unit: USD

Items

Notes

2008

2007

Assets

 

 

 

Cash balance

 

21,037,459.56

13,681,844.52

Guarantee

 

-

-

Calls & premiums receivable

 

714,304.79

322,070.85

Reinsurance recoveries receivable

3

18,889,051.26

15,987,707.89

Sundry debtors

 

1,676,146.80

-

  Total current assets

 

42,316,962.41

29,991,623.26

Long-term investments

4

334,921.48

5,694,001.66

  Total Long-term investments

 

334,921.48

5,694,001.66

  Total assets

 

42,651,883.89

35,685,624.92

Liabilities

 

 

 

Liabilities provision

5

17,308,688.89

16,283,583.68

Sundry creditors

 

37,193.69

35,172.23

  Total liabilities

 

17,345,882.58

16,318,755.91

Reserves

6

25,306,001.31

19,366,869.01

  Total liabilities & reserves

 

42,651,883.89

35,685,624.92