Page 136 - TGIA_AnnualReport2011

4. Summary of Significant Accounting Policies

Cash and Deposit at Financial Institutions:
Cash and deposit at financial institutions means cash and bank deposits whose period of payback is not
longer than 3 months after the acquired date and without a limit on withdrawal.

Deposit at financial institutions with limitation on use is shown separately in “Deposit with Guarantee
Obligations” under other non-current assets in the balance sheet.

Revenue and Expense Recognition:
Revenue and expense are recognized on accrual basis, except the interest which is recognized on a cash
basis.

Depreciation

GIA calculated depreciation value of fixed assets by straight-line method according to useful lives of
the assets approximated at 5 to 10 years.

5. Cash and Deposits at Financial Institutions:

Baht
2011 2010
Cash 39,286.00 31,972.50

Current Account 1,792,816.77 2,613,384.44
Saving Account 105,867,919.89 3,536,007.53
Fixed Deposit Account (Not more than 3 months) 40,000,000.00 11,000,000.00

Total 147,700,022.66 17,181,364.47

6. Accrued Revenue from Membership Fee - Net

Baht
2011 2010
Accrued Membership Fee 53,354,291.00 46,973,760.06

Less Allowance for doubtful debt (9,966,039.00) (10,680,002.06)
Net 43,388,252.00 36,293,758.00

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