Income and Expenditure account
For the Year ended December 31 2010
					Unit：USD
Items		Notes		2010	2009
Calls and premiums		7	A	6,805,424.59	5,722,631.12
Incurred Claims		8	B	8,450,709.66	744,018.84
Other expenditure			C	1,207,632.82	(192,326.34)
	Brokerage			263,985.59	225,607.00
	Operating expenses			1,240,283.63	1,053,136.75
	Financial expenses thereinto:			(296,636.40)	(1,471,070.09)
	Exchange profit & loss			(104.59)	-
	Interest			(304,450.31)	(1,478,343.72)
	Bank charges			7,918.50	7,273.63
Surplus from operating activities		A-B-C=D		(2,852,917.89)	5,170,938.62
Investment income		4	E	2,727,589.02	5,364,676.05
Surplus for the year		D+E=F		(125,328.87)	10,535,614.67
Reserves at beginning of year				35,846,070.16	25,306,001.31
Reserves at end of year				34,966,376.67	35,846,070.16