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Cumberland - About Us
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BALANCE SHEET
(In
USDollars)
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A S
S E T S
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2002 |
2003 |
2004 |
2005 |
2006 |
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| FIXED ASSETS |
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Land |
2,696,585 |
2,375,777 |
2,375,777 |
2,375,777 |
2,375,777 |
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Building |
1,292,687 |
1,013,307 |
1,013,307 |
1,223,916 |
1,223,916 |
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Tangible Fixed Assets |
1,188,136 |
1,501,243 |
1,336,143 |
1,319,945 |
1,374,977 |
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Less : Depreciation |
(657,609) |
(816,179) |
(911,493) |
(1,004,292) |
(1,128,713) |
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Intangible Fixed Assets |
24,072 |
24,072 |
24,072 |
24,072 |
24,072 |
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Less : Depreciation |
(24,072) |
(24,072) |
(24,072) |
(24,072) |
(24,072) |
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Long Term Receivables |
1,041 |
3,695 |
4,781 |
27,335 |
28,335 |
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4,520,841 |
4,077,842 |
3,818,516 |
3,942,681 |
3,874,292 |
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CURRENT ASSETS |
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Reinsurers Share in Premium Reserves |
2,476,804 |
1,679,394 |
1,676,866 |
2,172,408 |
2,243,222 |
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Reinsurers Share in Claims Reserves |
569,203 |
595,003 |
973,306 |
700.922 |
980.609 |
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Reinsurers |
5,353,935 |
880,907 |
1,334,192 |
1,100,190 |
1,034,035 |
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Clients |
5,679,526 |
6,321,743 |
5,642,548 |
4,332,833 |
4,816,263 |
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Other Debtors |
569,446 |
938,076 |
1,147,020 |
541,011 |
678,356 |
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Less : Provision |
(251,933) |
(424,157) |
(424,157) |
(424,157) |
(363,876) |
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Prepayments & accruals |
1,055,727 |
1,290,406 |
889,962 |
1,326,397 |
1,188,707 |
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Bank Accounts |
3,157,243 |
1,885,521 |
1,904,185 |
4,608,270 |
6,157,215 |
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Cash & Checks under Collection |
69,492 |
47,543 |
38,364 |
41,034 |
218,813 |
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shares & Titles |
180,000 |
180,000 |
202,173 |
200,000 |
200,000 |
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18,859,443 |
13,394,435 |
13,384,459 |
14,598,908 |
17,153,346 |
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TOTAL
ASSETS
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23,380,284
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17,472,277
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17,202,975 |
18,541,589 |
21,027,638 |
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L I A B I LI T I E
S
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2002 |
2003 |
2004 |
2005 |
2006 |
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CURRENT LIABILITIES |
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Premium Reserves |
4,869,321 |
5,218,155 |
3,911,534 |
5,491,751 |
5,973,732 |
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Claims Reserves |
1,055,147 |
1,381,257 |
1,731,292 |
1,758,399 |
2,411,002 |
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Reinsurers |
5,991,301 |
3,583,748 |
4,739,715 |
3,047,694 |
3,288,339 |
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Creditors |
4,034,417 |
1,002,834 |
1,002,581 |
1,729,641 |
3,161,252 |
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Social Security |
17,597 |
9,666 |
9,824 |
10,725 |
13,130 |
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Taxes & Stamps |
809,434 |
786,235 |
828,969 |
1,060,411 |
1,079,405 |
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Prepayments & Accruals |
15,595 |
47,755 |
17,160 |
24,377 |
17,790 |
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Bank Accounts |
- |
-
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44,063 |
217,108 |
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16,792,812 |
12,029,649 |
12,241,078 |
13,167,059 |
16,161,759 |
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SHAREHOLDERS EQUITY |
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Paid up Capital |
1,869,869 |
3,859,919 |
3,859,919 |
3,859,919 |
3,859,919 |
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Legal Reserve |
206,617 |
235,128 |
235,128 |
277,596 |
321,091 |
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Brought Forward Result |
1,522,780 |
121,009 |
(660,000) |
(277,789) |
113,668 |
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Result Of The Period |
285,115 |
(781,008) |
424,679 |
434,952 |
(306,498) |
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Shareholders Accounts |
2,642,802 |
1,929,294 |
1,021,955 |
782,168 |
560,827 |
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Provision End Of Service Indemnity |
60,291 |
78,286 |
80,216 |
87,076 |
106,262 |
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Re-evaluation reserves |
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210,609 |
210,609 |
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6,587,473 |
5,442,628 |
4,961,897 |
5,374,531 |
4,865,879 |
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TOTAL
LIABILITIES
& SHAREHOLDERS EQUITY
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23,380,284
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17,472,277 |
17,202,975
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18,541,589 |
21,027,638 |
[Balance Sheet] [Income
Statement] [Development]
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