Page 133 - TGIA_AnnualReport2012

Thai General Insurance Association

(Formerly the General Insurance Association)
Statement of Income Higher than Expenses

For the year ended on December 31, 2012

Baht
2012 2011
Incomes
Membership fee under Section 9.2 1,835,000.00 1,915,000.00
Membership fee under Section 9.3 61,506,575.00 82,490,733.00
Membership fee under Section 9.4 - Property 2,231,310.00 4,574,618.00
- Marine and Logistics 1,763,720.00 2,099,047.00
- Motor 29,516,710.00 36,817,061.00
- Misc, Accident and Health 1,453,671.00 1,277,809.00
Committees' Incomes 436,488.46 752,246.96
Incomes from the Office of Arbitrators 8,021,191.47 6,441,294.73
Incomes from the Insurance Premium Rating Bureau 5,369.17 1,416,130.81
Interest Receivables 2,763,565.74 1,169,772.03
Misc Incomes 473,981.78 146,577.26
Total Incomes 110,007,582.62 139,100,289.79
Expenses
Development and Public Relations Committee 7,066,320.48 7,187,057.25
Accounting, Finance and Investment Committee 921,800.74 1,143,011.06
Legal and Compliance Committee 1,950,861.53 3,498,499.01
Property Insurance Committee 3,129,631.22 1,495,719.85
Marine Insurance and Logistics Committee 2,151,839.93 805,704.00
Motor Insurance Committee 30,264,060.08 35,237,674.04
MiscelIaneous, Accident and Health Insurance 1,783,792.91 849,966.94
The Insurance Premium Rating Bureau 11,077,761.80 23,678,560.19
The Office of Arbitrators 6,902,143.77 8,041,590.71
Administrative Expenses 30,350,415.62 29,740,724.99
Reversing of doubtful debts - (713,963.06)
Other expenses 1,107,940.55 785,693.32
Total Expenses 96,706,568.63 111,750,238.30

Incomes higher than expenses before reserving for central and committee expenses 13,301,013.99 27,350,051.49
(Less) Reserving for Central and Committee Expenses (9,760,016.36) (26,303,308.25)
Incomes higher than expenses 3,540,997.63 1,046,743.24

Note to financial statement is a part of this financial statement

(Mr. Jiraphant Asvatanakul)
President

สมาคมประกันวินาศภัยไทย | Thai General Insurance Association 131