|
Accounts:
INLAND CRAFT CLASS CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT
| For the year ended 20 February 2000 |
1999/00
Guilders
|
1998/99
Guilders
|
|
|
| Income |
|
|
| Premiums |
14,288,797
|
14,628,421
|
| Outward Reinsurance Premiums |
(4,989,316)
|
(5,181,893)
|
|
| |
9,299,481
|
9,446,528
|
| Income from Investments |
1,210,717
|
1,202,122
|
| Net Capital Profits on Investments |
6,932,708
|
2,795,257
|
| Gain/(loss) on Exchange |
1,212,149
|
(56,992)
|
|
|
| |
18,655,055
|
13,386,915
|
|
|
|
Expenditure
|
|
|
| Claims Paid |
6,738,652
|
2,897,919
|
| Reinsurers' Share |
(467,495)
|
(1,116,572)
|
|
|
| |
6,271,157
|
1,781,347
|
| Acquisition Costs |
2,428,661
|
2,422,053
|
| Administrative Expenses |
2,443,216
|
2,413,120
|
| Taxation |
51,961
|
45,458
|
| Investment Management Charges |
55,900
|
53,751
|
|
|
| |
11,250,895
|
6,715,729
|
Net estimated Outstanding Claims at
20 February 2000 |
9,878,816
|
9,981,420
|
Less: Net estimated Outstanding Claims at
20 February 1999 |
(9,981,420)
|
(7,024,425)
|
|
| |
11,148,291
|
9,672,724
|
|
|
| Excess of Income over Expenditure |
7,506,764
|
3,714,191
|
| Transfer to Contingency Reserve |
(7,506,764)
|
(3,714,191)
|
|
| Balance at 20 February 2000 |
-
|
-
|
|
|
|
