Page 134 - TGIA_AnnualReport2010

5. Accrued Revenue from Membership Fee-Net
Baht
2010 2009

Accrued Membership Fee 46,973,760.06 46,130,836.00
Less Allowance for doubtful accounts (10,680,002.06) (7,605,911.00)

Net 36,293,758.00 38,524,925.00

6. Fixed Deposit with Guarantying Obligations
As of December 31, 2010 and 2009, the total amounts of fixed deposit were 175,314.45 Baht and 173,226.18
Baht respectively were used as collateral of letter of guarantees issued by the banks.

7. Reserve for Administrative and 7 Committees’ Expenses
Baht
2010 2009

Reserve for Committee
- Development and Public Relations 8,382,571.90 8,660,704.13

- Account, Finance & Investment Insurance 2,793,974.99 3,880,865.50
- Legal and Compliance Insurance 2,727,098.45 1,669,466.64

- Property Insurance 3,053,881.62 2,412,338.19
- Marine Insurance and Logistics 774,171.72 798,396.68

- Motor Insurance 13,772,076.02 11,909,736.59
- Miscellaneous, Accident & Health Insurance 2,417,804.80 1,837,562.76
Total 33,921,579.50 31,169,070.49

Reserve for Administrative Expenses 15,065,375.58 21,027,139.42
Total 48,986,955.08 52,196,209.91

The Executive Board, at the meeting No. 24/2550-2552 on March 4, 2009, resolved to reorganize GIA structure
by adding 1 new sub-committee to the existing 6 sub-committee and changed the status of the Insurance
Sub-Committee to the Insurance Committee and merged the Insurance Promotion Sub-Committee and the Public
Relations Sub-Committee and renamed as, the Development and Public Relations Committee.

Annual Report 2010 132

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