Cash Flow Statement
For the year ended February 20 2011
				UNIT:USD
Items		Notes
Operating activities
	Calls and premiums received			55,954,590.46
	Claims recoveries from 3rd party			27,138.11
	Guarantee returned			308,851.32
	Co-insured recoveries			3,569,165.14
	Interest received & exchange profit			105,583.52
	Other income			2,547,916.61
Subtotal			A	62,513,245.16
	Claims paid			21,370,082.64
	Co-insurance premiums paid			29,316,149.63
	Operating expenses paid			5,507,396.10
	Loss prevention paid			6,232.80
	Guarantee paid			-
	Brokerage paid			1,494,105.37
	Bank charges & exchange loss			-
	Others expenses paid			-
Subtotal			B	57,693,966.54
Net cash flow from operating activities			A-B=C	4,819,278.62
Investing activities
	Sale of investments			48,950,304.80
	Investment income received			15,519,558.67
	Other investing income			-
Subtotal			D	64,469,863.47
	Purchase of fixed assets			32,098.42
	Cash paid to acquire equity investments			52,096,306.19
	Other investing activities			-
Subtotal			E	52,128,404.61
Net cash flow from investing activities			D-E=F	12,341,458.86
Financing activities
	Proceeds from borrowings			-
Subtotal			G	-
	Cash repayments of amounts borrowed			-
	Cash payments of interest expenses			-
Subtotal			H	-
Net cash flow from financing activities			G-H=I	-
The influence of floating exchange rate on cash and cash equivalents			J	34,986.49
Net increase in cash and cash equivalents			C+F+I+J	17,195,723.97
Cash and cash equivalents at beginning of period				22,427,261.93
Cash and cash equivalents at end of period				5,231,537.96