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Thai General Insurance Association
(Formerly the General Insurance Association)
Financial Statement (Cont.)
As at December 31, 2012
Baht
Liabilities and Accumulated Fund Notes 2012 2011
Current Liabilities
Accrued Expenses 3,366,482.12 3,012,413.62
Reserve deposit from member companies 7,238,043.65 6,660,377.42
Reserve deposit for Main crop rice insurance project 9 2,274,739.00 95,446,948.76
Expense reserve 10
7 committees 47,743,683.19 47,711,525.61
Central 37,306,596.50 27,578,737.72
Total Expense Reserve 85,050,279.69 75,290,263.33
Total Current Liabilities 97,929,544.46 180,410,003.13
Non Current Liabilities
Staff welfare obligations 11 4,308,134.00 3,727,729.00
Total Liabilities 102,237,678.46 184,137,732.13
Accumulated Fund
Fund transferred from the former insurance association 331,818.43 331,818.43
General reserve 1,617,916.06 1,472,419.93
Accumulated fund 12 17,868,964.44 15,089,096.44
Working fund 13 1,000,000.00 1,000,000.00
Accumulated incomes higher than expenses 12,377,072.36 8,836,074.73
Total Accumulated Fund 33,195,771.29 26,729,409.53
Total Liabilities and Accumulated Fund 135,433,449.75 210,867,141.66
Note to financial statement is a part of this financial statement
(Mr. Jiraphant Asvatanakul)
President
130 รายงานประจ�าปี 2555 | Annual Report 2012
