The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited


Consolidated cash flow statement for the year ended 20th February 2011 Amounts in $000


2011


Operating Activities Calls and premiums received


Receipts from reinsurance recoveries Interest and dividends received


Claims paid Acquisition costs


Operating expenses paid Reinsurance premiums paid Pool claims paid Taxation paid


Net cash provided by operating activities


Investing Activities Purchase of investments Sale of investments


Net cash used in investing activities


Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year


Cash and cash equivalents at end of year


Breakdown of cash at end of year Cash and cash equivalents


Amounts included within creditors Total


2010


427,579 77,879 9,675


515,133


297,532 20,272 22,860 69,552 15,142 1,209


426,567 88,566


(1,661,909) 1,582,418


(79,491) 9,075


30,067 39,142


44,189 (5,047) 39,142


518,020 32,774 3,942


554,736


316,306 23,060 19,005 75,034 49,703 1,432


484,540 70,196


(1,159,150) 1,057,986


(101,164)


(30,968) 61,035


30,067


30,067 -


30,067


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