|
|
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| For the years Ended
December 31,2004 and 2003 |
|
|
| Account |
2004 |
2003 |
 |
| Operating Revenues |
|
|
|
| Interest Revenue |
54,581 |
74,543 |
| Premium Revenue |
6,773,025 |
6,544,164 |
| Reinsurance Commission Revenue |
674,447 |
667,568 |
| Claims Recovered from Reinsurers |
701,795 |
1,960,798 |
| Unearned Premium Reserves |
2,426,184 |
2,602,201 |
| Special Catastrophe Reserves Recovered |
154,097 |
183,517 |
| Claims Reserves Recovered |
31,711 |
30,965 |
| Gains on Trading Bill Securities |
383,561 |
353,556 |
| Gains on Investing Real Estates |
33,798 |
32,294 |
|
| Sub-Total Operating Revenues |
11,233,199 |
12,449,606 |
|
|
| Operating Costs |
|
|
| Interest Expenses |
(894) |
(1,743) |
| Reinsurance Premium Outward |
(3,566,280) |
(3,894,832) |
| Commission Expenses |
(881,528) |
(779,804) |
| Insurance Claims Payment |
(2,314,210) |
(3,412,644) |
| Provision for Premium Reserves |
(2,498,862) |
(2,426,184) |
| Provision for Special Catastrophe Reserves |
(241,829) |
(233,900) |
| Expenses for Insurance Fund |
(12,786) |
(12,371) |
| Provision for Outstanding Claims Reserves |
(36,261) |
(31,711) |
| Losses on Trading Bill and Securities |
(181,522) |
(159,908) |
| Investment Loss Recognized Under Equity Method |
- |
(19,116) |
|
| Sub-Total Operating Expenses |
(9,734,172) |
(10,972,213) |
|
| Operating Gross Profit |
1,499,027 |
1,477,393 |
|
|
| Operating Costs |
|
|
| Acquisition and Sales Costs |
(1,000,353) |
(845,584) |
| General and Administration Costs |
(204,914) |
(282,017) |
|
| Sub-Total Operating Costs |
(1,205,267) |
(1,127,601) |
|
| Total Operating Incomes |
293,760 |
349,792 |
|
|
| Non-Operating Revenues |
|
|
| Exchange Profits |
419 |
- |
| Other Income |
7,226 |
15,722 |
|
| Sub-Total Non-Operating Revenues |
7,645 |
15,722 |
|
|
| Non-Operating Expenses |
|
|
| Foreign Exchange Loss |
(4,928) |
(8,034) |
| Property Transaction Losses |
(84) |
(14) |
| Miscellaneous Expenses |
(1,078) |
(4,581) |
|
| Sub-Total Non-Operating Expenses |
(6,090) |
(12,629) |
|
| Net Profit Before Tax |
295,315 |
352,885 |
| Income Tax Expense |
(22,774) |
(36,307) |
|
| Net Profit After Tax |
272,541 |
316,57 |
|
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