Financial Summary

Income Statement

---

USD	30/06/16	31/12/15	31/12/14	31/12/13	31/12/12	31/12/11
Retained Earnings End of Period	3,408,968	2,369,707	3,936,282	4,983,386	3,599,242	991,182
Underwriting Income:
Net Premiums earned	8,847,672	17,730,066	18,112,429	19,569,325	16,168,342	6,159,265
Investment Income	910,060	1,091,929	1,200,632	568,901	890,641	(93,610)
	9,757,732	18,821,994	19,313,061	20,138,226	17,058,983	6,065,655
Underwriting Expenses:
Net Claims Incurred	6,017,432	17,205,724	13,257,997	10,795,763	8,415,766	5,456,220
Acquisition Costs	(2,221,835)	(1,022,430)	2,007,751	2,710,478	3,071,485	879,009
	3,795,597	16,183,294	15,265,748	13,506,241	11,487,251	6,335,229
Underwriting Profit	5,962,135	2,638,700	4,047,313	6,631,985	5,571,732	(269,574)
Other Income	1,676,894	4,116,063	4,118,638	3,025,879	4,131,182	3,316,384
	7,639,029	6,754,764	8,165,951	9,657,864	9,702,914	3,046,810
Foreign Exchange Profit (Loss)	17,178	(295,972)	(233,558)	(193,864)	87,666	210,540
Amortization of Goodwill	-	-	(10,217)	0	0	0
General and Administrative Expenses	(5,975,071)	(8,868,424)	(9,958,386)	(7,862,066)	(7,339,857)	(5,234,119)
Earnings for the Year before Taxation	1,681,136	(2,409,633)	(2,025,993)	1,601,934	2,450,723	(1,976,769)
Taxation	(605,099)	844,625	926,144	(355,642)	(88,397)	103,030
Net Earnings for the Year	1,076,037	(1,565,008)	(1,099,849)	1,246,292	2,362,326	(1,873,739)
Retained Earnings - Beginning of Period	2,369,707	3,936,282	4,983,386	3,599,242	991,182	2,552,932
Prior Year Adjustment to convert to US GAAP	-	-	-	-	-	-
Non-controlling Interests	(36,776)	(1,567)	52,745	137,852	245,734	311,989
Dividends	-	-	-	-	-	-

Balance Statement

---

USD	30/06/16	31/12/15	31/12/14	31/12/13	31/12/12	31/12/11
Total Equity Interest Attributable to Shareholders	22,702,153	21,566,659	23,131,667	24,231,516	22,985,224	20,622,898
Assets
Cash and Deposits	25,009,372	20,995,978	27,804,492	29,714,848	21,522,832	12,337,725
Marketable Securities	32,141,762	32,009,772	28,390,082	23,148,985	20,470,850	26,982,811
Deposit Assets	35,950,189	39,459,909	50,701,171	57,253,536	55,144,701	50,679,234
Accounts Receivable and Accrued Interest	21,606,797	16,720,680	13,718,540	10,141,038	8,308,180	4,454,870
Deferred Underwriting Expenses	0	0	0	3,240,714	775,312	410,518
Goodwill	2,171,845	1,633,739	1,633,739	1,643,956	1,643,956	1,643,956
Property, Plant and Equipment	633,209	614,246	523,495	220,007	215,712	209,624
Total Assets	117,513,174	111,434,324	122,771,519	125,363,084	108,081,543	96,718,738
Liabilities
Accounts Payable and Accruals	20,020,654	13,071,598	14,996,790	10,915,341	7,453,319	8,995,280
Provision for Claims	27,666,720	28,190,093	26,248,602	17,820,426	12,850,385	11,097,829
Deposit Liabilities	35,709,854	39,265,761	51,884,723	58,144,150	55,045,678	50,679,234
Unearned Premium	11,105,550	8,743,257	5,748,430	13,071,013	7,885,629	2,965,283
Unearned Service Fee	308,243	596,956	761,307	1,180,638	1,861,308	2,358,214
Total Liabilities	94,811,021	89,867,665	99,639,852	101,131,568	85,096,319	76,095,840
Net Assets	22,702,153	21,566,659	23,131,667	24,231,516	22,985,224	20,622,898
Shareholders Equity
Capital Stock	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000
Retained Earnings	3,408,958	2,369,707	3,936,282	4,983,386	3,599,242	991,182
Non-controlling interest	(706,805)	(803,048)	(804,615)	(751,870)	(614,018)	(368,284)