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The South African Insurance Industry Survey 2016 | 57

The cash flows and cash balances throughout the period are as follows:

Inception 30 31 30 31 31 30 31 30 31 31 28 31 30
April May June July Aug Sept Oct Nov Dec Jan Feb March Apr
38 200 35 000 31 300 50 100 46 600 43 850 62 850 58 550 54 900
Opening - 24 000 23 600 20 100 16 100
cash - - 30 000 - - 30 000 - - -
(4 300)
Inflows of 30 000 - - - 30 000 (3 200) (3 700) (5 200) (3 500) (2 750) (5 000) (3650) (3 500)
58 550
premium - - (6 000) - - (6 000) - -

Outflows of - (400) (3 500) (4 000) (1 900) 35 000 31 300 50 100 46 600 43 850 62 850 54 900 51 400
claims

Outflows of (6 000) - - - (6 000)

commission

Closing 24 000 23 600 20 100 16 100 38 200
cash

IF SOMETHING IS IMPORTANT
ENOUGH, EVEN IF THE ODDS
ARE AGAINST YOU,
YOU SHOULD STILL DO IT..

Elon Musk