Page 130 - TGIA_AnnualReport2010

The General Insurance Association
Balance Sheet

As at December 31, 2010 and 2009

Baht
Accumulated Liabilities and Capital Notes 2010 2009
Current Liabilities
Accrued Expenses 2,949,989.12 2,225,817.37
Membership Fee Deposit 5,931,620.54 72,320,147.97
Reserve for Expenses 7
Seven Committees 33,921,579.50 31,169,070.49
Central Administrative Expenses 15,065,375.58 21,027,139.42
Total Reserve for Expenses 48,986,955.08 52,196,209.91
Total Current Liabilities 57,868,564.74 126,742,175.25
Non-Current Liabilities
Staff Pension Fund Reserve 580,316.00 580,316.00
Total Non-Current Liabilities 580,316.00 580,316.00
Total Liabilities 58,448,880.74 127,322,491.25
Accumulated Capital
Funds Received from previous insurance Association 331,818.43 331,818.43
General Reserve 1,221,670.91 1,062,887.68
Accumulated Fund 8 12,242,118.04 13,382,097.24
Working Found 9 1,000,000.00 1,000,000.00
Excess of Income Over Expenditures 9,480,988.49 3,734,492.91
Total Accumulated Capital 24,276,595.87 19,511,296.26
Total Liabilities and Accumulated Capital 82,725,476.61 146,833,787.51

Note to financial statement is a part of this financial statement

(Jiraphant Asvatanakul)
President

Annual Report 2010 128

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