| Income And Expenditure Account | |||||||||||
| For the year ended February 20 2011 | |||||||||||
| Unit：USD | |||||||||||
| Total | P&I | FDD | |||||||||
| Items | Notes | 2010/2011 | 2009/2010 | 2010/2011 | 2009/2010 | 2010/2011 | 2009/2010 | ||||
| Calls and premiums | 5 | A | 30,696,119.88 | 24,077,634.30 | 30,465,134.09 | 23,933,791.45 | 230,985.79 | 143,842.85 | |||
| Claims | 6 | B | 17,832,511.40 | 13,668,831.36 | 17,799,747.17 | 13,565,637.96 | 32,764.23 | 103,193.40 | |||
| Other expenditure | C | 6,195,736.21 | 4,459,533.95 | 6,172,232.48 | 4,445,713.26 | 23,503.73 | 13,820.69 | ||||
| (1) | Loss prevention | 6,232.80 | 2,922.26 | 6,232.80 | 2,922.26 | ||||||
| (2) | Brokerage | 1,494,105.37 | 1,087,019.42 | 1,489,080.50 | 1,084,706.16 | 5,024.87 | 2,313.26 | ||||
| (3) | Operating expenses | 4,800,981.56 | 4,091,813.40 | 4,782,502.70 | 4,080,305.97 | 18,478.86 | 11,507.43 | ||||
| (4) | Financial expenses thereinto: | (105,583.52) | (722,221.13) | (105,583.52) | (722,221.13) | - | - | ||||
| Exchange profit & loss | (72,991.33) | 16,569.86 | (72,991.33) | 16,569.86 | |||||||
| Interest | (29,136.30) | (767,334.62) | (29,136.30) | (767,334.62) | |||||||
| Bank charges | (3,455.89) | 28,543.63 | (3,455.89) | 28,543.63 | |||||||
| Others | D | 157,807.84 | - | 157,807.84 | - | - | - | ||||
| Surplus from operating activities | E=A-B-C+D | 6,825,680.11 | 5,949,268.99 | 6,650,962.28 | 5,922,440.23 | 174,717.83 | 26,828.76 | ||||
| Investment income | 7 | F | 90,487,828.42 | 136,705,617.11 | 90,432,098.52 | 136,633,791.86 | 55,729.90 | 71,825.25 | |||
| Surplus for the year | G=E+F | 97,313,508.53 | 142,654,886.10 | 97,083,060.80 | 142,556,232.09 | 230,447.73 | 98,654.01 | ||||
| Transfers to liabilities provision | 8 | H | 2,301,184.00 | (2,444,134.00) | 2,299,584.00 | (2,467,534.00) | 1,600.00 | 23,400.00 | |||
| Transfers to reserves | I=G-H | 95,012,324.53 | 145,099,020.10 | 94,783,476.80 | 145,023,766.09 | 228,847.73 | 75,254.01 | ||||
| Liabilities provision at beginning of year | J | 29,359,846.00 | 31,803,980.00 | 29,111,291.00 | 31,578,825.00 | 248,555.00 | 225,155.00 | ||||
| Liabilities provision at end of year | H+J | 31,661,030.00 | 29,359,846.00 | 31,410,875.00 | 29,111,291.00 | 250,155.00 | 248,555.00 | ||||
| Reserves at beginning of year | K | 564,052,911.14 | 408,309,689.70 | 563,730,585.94 | 408,062,618.51 | 322,325.20 | 247,071.19 | ||||
| Reserves at end of year | 9 | 686,191,400.82 | 564,052,911.14 | 685,640,227.89 | 563,730,585.94 | 551,172.93 | 322,325.20 | ||||