Balance Sheet
February 20 2011
					Unit:USD
				TotaL			P&I			FDD
Items			Notes	2010/2011	2009/2010		2010/2011	2009/2010		2010/2011	2009/2010
Assets
	Cash balance			22,427,261.93	5,231,537.96		22,427,261.93	5,231,537.96		-	-
	Short-term investments			78,791,709.07	78,946,674.34		78,791,709.07	78,946,674.34		-	-
	Guarantee			2,638,355.48	2,947,206.80		2,638,355.48	2,947,206.80		-	-
	Calls and premiums receivable			2,340,713.53	1,803,688.84		2,305,221.69	1,756,403.63		35,491.84	47,285.21
	Co-insured recoveries receivable			-	58,732.01		-	58,732.01		-	-
	Sundry debtors		3	1,987,247.69	2,249,250.55		1,987,247.69	2,249,250.55		-	-
	Total current assets			108,185,287.70	91,237,090.50		108,149,795.86	91,189,805.29		35,491.84	47,285.21
	Long-term investments		4	605,663,534.65	497,384,098.74		604,966,783.03	496,932,081.46		696,751.62	452,017.28
	Total long-term investments			605,663,534.65	497,384,098.74		604,966,783.03	496,932,081.46		696,751.62	452,017.28
	Fixed assets			11,789,835.86	11,359,002.27		11,789,835.86	11,359,002.27
	Less: Accumulated depreciation			1,751,321.31	1,305,331.69		1,751,321.31	1,305,331.69
	Net fixed assets			10,038,514.55	10,053,670.58		10,038,514.55	10,053,670.58
Total assets		A		723,887,336.90	598,674,859.82		723,155,093.44	598,175,557.33		732,243.46	499,302.49
Liabilities
	Short-term loans		3	-	-		-	-
	Liabilities provision		8	31,661,030.00	29,359,846.00		31,410,875.00	29,111,291.00		250,155.00	248,555.00
	Sundry creditors		3	6,034,906.08	5,262,102.68		6,103,990.55	5,333,680.39		(69,084.47)	-71,577.71
	Guarantee payable			-	-		-	-
Total liabilities		B		37,695,936.08	34,621,948.68		37,514,865.55	34,444,971.39		181,070.53	176,977.29
Reserves		C		686,191,400.82	564,052,911.14		685,640,227.89	563,730,585.94		551,172.93	322,325.20
Total liabilities & reserves		D=B+C		723,887,336.90	598,674,859.82		723,155,093.44	598,175,557.33		732,243.46	499,302.49