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| For the years Ended December 31,2004 and 2003 |
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| Account |
2004 |
2003 |
 |
|
| Current Assets |
|
| Cash and Cash Equivalents |
2,193,996 |
2,026,044 |
| Short-Term Investment (Net Value) |
2,939,944 |
2,190,809 |
| Notes Receivable (Net Value) |
243,557 |
249,698 |
| Earned Revenue Receivable |
18,080 |
14,858 |
| Premium Receivable (Net Value) |
1,307,959 |
1,174,396 |
| Claims Recoverable form Reinsurers |
495,693 |
312,351 |
| Due from Reinsurers and Ceding Companies |
134,747 |
413,347 |
| Other Receivables (Net Value) |
72,964 |
21,826 |
| Deferred Income Tax Assets |
910 |
141 |
| Pre-paid Expenses |
27,014 |
322,560 |
|
| Sub-Total Current Assent |
7,434,564 |
6,726,030 |
|
| Long-Term Investment |
|
|
| Long-Term Stock Investment |
|
|
| Long-Term Investment Under Cost Method |
747,121 |
880,457 |
| Allowance for Valuation Losses in Long-Term Investment |
-22,821 |
(11,772) |
| Real-estate tu-vestments(Net Value) |
1,028,528 |
1,052,319 |
|
| Long-Term Equity Investment |
1,752,828 |
1,921,004 |
|
| Fixed Assets |
|
|
| Acquisition Costs |
|
|
| Land |
182,002 |
182,002 |
| Building &Equipment |
380,422 |
376,227 |
| Miscellaneous Equipments |
277,525 |
313,785 |
| Revaluation lncrements |
248,264 |
249,111 |
|
| Acquisition Costs & Increments |
1,088,213 |
1,121,125 |
| Less:Accumulated Depreciation |
(297720) |
(308,084) |
| Prepayment for Equipments |
2,294 |
8,009 |
|
| Net Ficed Assets |
792,787 |
821,050 |
|
| Other Assets |
|
|
| Guarantee Deposits Paid |
496,067 |
502,177 |
| Overdue Receivables (Net Value) |
33,547 |
19,058 |
| Deposits for Reinsurance Reserves |
1 |
6 |
| Deferred Income Assets |
- |
3116 |
| Sub-Total Other Assets |
529,615 |
524,357 |
|
| Total Assets |
10,509,794 |
9,992,441 |
|
| Account |
2004 |
2003 |
|
|
| Current Liabilities |
|
|
| Note Payable |
32345 |
- |
| Accrued Expenses |
134,578 |
156,510 |
| Due Tax Payable |
- |
20,309 |
| Commission Payable |
111,469 |
75,601 |
| Due Loss Payment (Net Value) |
213 |
2,804 |
| Reinsurance Premiums |
863,229 |
1,020,054 |
| Due to Reinsurers and Ceding Companies |
472,371 |
405,764 |
| Other Current Liabilities |
221,633 |
70,797 |
|
| Sub-Total Current Liabilities |
1,835,838 |
1,751,839 |
|
| Long-Term LIABILITIES |
|
|
| Reserve for Land Revaluation increment Tax |
157,963 |
157,963 |
| Accrued Pension Liability |
61,488 |
46,822 |
|
| Sub-Total Long-Term Liabilitied |
219,451 |
204,785 |
|
| Other Liabilities |
|
|
| Reserves for Unexpired Permium |
2,498,862 |
2,426,184 |
| Special Catastrophe Reserves |
1,194,159 |
1,853,427 |
| Deferred Income Tax Liabilities |
38 |
- |
| Outstanding Claim Reserves |
609,720 |
513,757 |
| Guarantee Deposits Reserves |
18,547 |
18,594 |
| Fund Held for Reserves |
31,327 |
37,500 |
|
| Sub-Total Other Liabilities |
5,099,653 |
4,849,462 |
|
| Total Liabilities |
7,154,942 |
6,806,086 |
|
| Shareholders Equity |
|
|
| Capital Stock |
2,937,348 |
2,745,185 |
| Capital Surplus |
|
|
| Additional Paid-in Capital-Common Stock |
35,143 |
35,143 |
| Capital Surplus for Assets Revaluation Increment |
50,873 |
50,873 |
| Others |
1,636 |
1,636 |
|
| Sub-Total Capital Surplus |
87,652 |
87,652 |
|
| Retained Earnings |
|
|
| Legal Reserve |
78,084 |
46,426 |
| Unappropriated Retained Earnings |
274,388 |
318,663 |
|
| Sub-Total Retained Earnings |
352,472 |
365,089 |
|
| Equity Adjustments |
|
|
| Unreslized Valuation Losses on Long-Term Equity investment |
(22,821) |
(11,772) |
| Cumulative Translation Adjustment |
201 |
201 |
|
| Sub-Total Shareholders Equity |
3,354,852 |
3,186,355 |
|
| Total Liabilities & Total Shareholders’ Equity |
10,509,794 |
9,992,441 |
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