| NOTES ON FORM E |
| Item 1. | Salaries and Wages |
| Salaries, wages, bonuses, fixed allowances, overtime and other compensation to employees, also consultants employed on a monthly or weekly basis. |
| Item 2. | Directors Fees |
| EXCLUDE salaries to full time directors, or commissions payable in connection with the procuration of business. |
| Item 3. | Pensions and other Employee Benefits |
| Contributions to staff pensions and insurance, national insurance and national health insurance: payments to employees under self insurance programmes. |
| EXCLUDE employer's liability insurance, or insurance on the lives of employees where the company is the beneficiary. |
| Item 4. | Training Expenses |
| Cost of training material, courses, examination, fees, books, membership fees of employees in and company contributions to professional organisations. |
| EXCLUDE salaries, stationery, furniture and equipment used in training: scholarships to non-employees. |
| Item 5. | Other Welfare Items |
| Cost of advertising for recruitment of staff; medical examinations of and character and credit reports on employees or on applicant for employment; employee uniforms; outings and entertainment for employees; subsistence and other payments for meals for employees; donations to or on behalf of employees. |
| Item 6. | Legal Fees |
| Retainers fees and other expenses payable to legal practitioners. |
| EXCLUDE fees and expenses in connection with claims (Claim Cost). |
| Item 7. | Underwriting Reports |
| a. | Underwriting Surveys. |
| Cost of survey, credit, moral hazard, character reports obtained for underwriting purposes, including fire reports, inspection and engineering reports; maps; fees to independent auditors for auditing payroll and other premium bases. |
| b. | Medical Examination Reports |
| Medical examination, laboratory and diagnostic reports in connection with the underwriting of insurances of the person. |
| EXCLUDE character, credit or medical reports on member of staff or applicants for employment (Item 5); or reports in connection with claims (Claims Costs.) |
| Item 8. | Auditors Fees |
| EXCLUDE fees for accounting services, valuation of shares, secretarial or other services (Item 9). |
| Item 9. | Consultants and Other Professional Fees |
| Retainers fees and other expenses of independent consultants, but excluding fees and other payments in connection with claims. |
| Item 10. | Rent |
| Rent of Branch and Head Offices; rent for space occupied in buildings owned (optional); rental of safety deposit boxes; alterations and repairs to leased premises; cost of janitorial services, towels, toiletries, electric lamp replacements and other incidental maintenance charges. |
| EXCLUDE salaries and wages, and real estate expenses |
| Item 11. | Water and Lighting |
| Water and Lighting in leased premises only; (but see Item 14). |
| Item 12. | Furniture, Machines and Equipment |
| Depreciation expenses; rental and repairs to furniture, equipment and office machines. |
| Item 13 | Insurance Taxes, Licences and Fees |
| Fire Brigade Charges; Insurance License Fees; Premium Taxes; advertising required by law; business licences and fees; stamp duties on policies; withholding taxes on reinsurance remittances. |
| EXCLUDE real estate taxes, income or corporation tax on profits; withholding tax on profits or dividends; value added tax. |
| Item 14. | Real Estate Expenses |
| Operating and maintenance and insurance costs, including wages and salaries to janitors, caretakers, maintenance and security personnel (especially if real estate is not used directly and exclusively for the insurance business); foreclosure expenses including advertising in connection with real property on which the company holds a lien or mortgage; depreciation costs; rates and taxes on real estate. |
| EXCLUDE security services for the exclusive protection of the insurance business, or for the collection or transport of cash in connection with the operation of the insurance business. |
| Item 15. | Advertising |
| EXCLUDE cost of advertisements for the recruitment of staff (Item 5); or in connection with owned real estate or in connection with the foreclosure of mortgaged properties (Item 14); advertising required by law (Item 13). |
| Item 16. | Insurance |
| Fidelity and surety bonds on employees and agents; public liability, employer's liability and other insurances. |
| EXCLUDE insurances for the benefit of employee or dependants (Item 3); insurance on owned real estate. |
| Item 17. | Printing and Stationery |
| Stationery and office supplies; printing; purchase of books, newspaper and periodicals; but exclude printing equipment (Item 12). |
| Item 18. | Postage, Telephone and Express services |
| Express freight and cartage; courier services, postage, telephone; rental of post office boxes. |
| EXCLUDE rent, repairs and depreciation of postage franking or facsimile machines. |
| Item 19 | Collection and Bank Charges |
| EXCLUDE overdraft and other interest (deduct from interest income). |
| Item 20. | Travel Expenses |
| a. | Local Travel |
| Depreciation, insurance, repairs, maintenance and operating expenses of company vehicles: rental of vehicles; transportation, subsistence, hotel and other expenses including telephone, of employees while travelling within national boundaries. |
| b. | Foreign Travel |
| Transportation, hotel, subsistence and other expenses while travelling overseas. |
| Item 21. | Entertainment |
| Cost of entertainment of guests; cost of favours and presents to persons other than employees; dues and subscriptions to social and civic clubs. |
| Item 22 | Associations and Bureaus |
| Dues, charges, fees (including payment for rate manuals and experience data) to associations, bureaus and other organisations to which the company may belong, but excluding subscriptions to social and civic clubs. |
| Item 23. | Donations to Charities |
| Donations to charities whether under deed of covenant or not. |
| Item 24. | Other Sundry Expenses |
| Other expenses not entered elsewhere. |