Income And Expenditure Account
For the year ended February 20 2009
					Unit：USD
				Total			P&I			FDD
Items		Notes		2008/2009	2007/2008		2008/2009	2007/2008		2008/2009	2007/2008
Calls and premiums		5	A	26,013,820.53	25,613,643.18		25,911,621.41	25,517,040.90		102,199.12	96,602.28
Claims		6	B	15,288,904.20	13,154,676.13		15,267,390.50	13,105,353.27		21,513.70	49,322.86
Other expenditure			C	4,782,440.51	3,695,917.52		4,773,133.49	3,683,805.94		9,307.02	12,111.58
(1)	Loss prevention			14,043.92	15,003.08		14,043.92	15,003.08
(2)	Brokerage			819,092.02	483,462.88		817,960.93	479,079.48		1,131.09	4,383.40
(3)	Operating expenses			3,584,133.95	3,159,260.70		3,575,958.02	3,151,532.52		8,175.93	7,728.18
(4)	Financial expenses thereinto:			(366,283.36)	38,190.86		(366,283.36)	38,190.86		-	-
	Exchange profit & loss			10,514.09	(313,386.30)		10,514.09	(313,386.30)
	Interest			(175,146.97)	328,460.42		(175,146.97)	328,460.42
	Bank charges			(201,650.48)	23,116.74		(201,650.48)	23,116.74
(5)	Others			731,453.98	-		731,453.98	-		-	-
Surplus from operating activities		D=A-B-C		5,942,475.82	8,763,049.53		5,871,097.42	8,727,881.69		71,378.40	35,167.84
Investment income		7	E	27,678,861.19	145,240,326.16		27,658,187.87	145,234,686.67		20,673.32	5,639.49
Surplus for the year		F=D+E		33,621,337.01	154,003,375.69		33,529,285.29	153,962,568.36		92,051.72	40,807.33
Transfers to liabilities provision		8		(140,373.27)	(11,364,583.73)		(228,545.27)	(11,392,966.73)		88,172.00	28,383.00
Transfers to reserves				33,761,710.28	165,367,959.42		33,757,830.56	165,355,535.09		3,879.72	12,424.33
Liabilities provision at beginning of year				31,944,353.27	43,308,937.00		31,807,370.27	43,200,337.00		136,983.00	108,600.00
Liabilities provision at end of year				31,803,980.00	31,944,353.27		31,578,825.00	31,807,370.27		225,155.00	136,983.00
Reserves at beginning of year				355,674,811.60	164,481,177.62		355,431,620.13	164,250,410.48		243,191.47	230,767.14
Reserves at end of year		9		408,309,689.70	355,674,811.60		408,062,618.51	355,431,620.13		247,071.19	243,191.47