Page 131 - TGIA_AnnualReport2010

The General Insurance Association
Statement of Profit and Loss

For the Year Ended on December 31, 2010 and 2009

Baht

2010 2009
Income
Membership Fee Under Section 9.1 - 100,000.000
Membership Fee Under Section 9.2 1,945,000.00 1,975,000.00
Membership Fee Under Section 9.3 73,410,013.00 74,004,818.00
Membership Fee Under Section 9.4
- Property Insurance 2,757,677.00 1,664,043.00
- Marine Insurance and Logistics 1,384,626.00 218,982.00
- Motor Insurance 23,334,108.00 24,942,541.00
- Miscellaneous, Accident and Health Insurance 2,331,253.00 1,871,359.00
Income from Committees 476,349.55 676,508.23
Income from Arbitration office 6,790,215.19 6,962,298.91
Income from The Insurance Premium Rating Bureau 2,499,842.09 645,000.00
Interest Receivables 437,317.95 651,306.84
Other Income 206,856.40 375,816.46

Total Income 115,573,258.18 114,087,673.44
Expenditure
Expenses of the Development and Public Relations Committee 13,333,699.70 29,527,445.88
Expenses of the Accounting, Finance and Investment Committee 1,228,314.01 119,134.50
Expenses of the Legal and Compliance committee 2,571,513.75 1,331,533.36
Expenses of the Property Insurance Committee 2,175,537.27 2,553,627.64
Expenses of the Marine Insurance and Logistics Committee 1,422,308.02 1,094,205.68
Expenses of the Motor Insurance Committee 21,369,637.80 26,648,095.94
Expenses of the Miscellaneous, Accident and Health Insurance Committee 1,752,692.39 1,991,472.47
Expenses of the Insurance Premium Rating Bureau 30,249,783.73 26,385,740.70
Expenses of the Arbitration Office 8,556,163.24 8,808,705.64
Administrative Expenses 26,812,062.03 23,327,573.62
Doubful Debts 3,044,091.06 30,000.00
Other Expenses 520,214.43 795,695.18
Total Expenditure 113,036,017.43 122,613,230.61
Excess of Income Over Expenditure Before Reserve for Administrative 2,537,240.75 (8,525,557.17)
Expenses and Committees
Add Reserves for Administrative Expenses and Committee 3,209,254.83 8,741,272.34
Excess Income Over Expenditure 5,746,495.58 215,715.17

Note: This note to the financial statement is part of this financial statement

(Jiraphant Asvatanakul)
President

129 รายงานประจำปี 2553

_11-0038(092-133)E.indd 129 3/9/11 7:32:30 AM