Page 130 - TGIA_AnnualReport2013

Thai General Insurance Association
Statement of Income Higher than Expenses

For the year ended on 31, December 2013

Baht
2013 2012
Incomes
Membership fee under Section 9.2 1,805,000.00 1,835,000.00
Membership fee under Section 9.3 87,315,977.00 61,506,575.00
Membership fee under Section 9.4 - Property 909,371.00 2,231,310.00
- Marine and Logistics 1,253,493.00 1,763,720.00
- Motor 30,308,245.00 29,516,710.00
- Misc, Accident and Health 959,046.00 1,453,671.00
Committees' Incomes 525,527.31 436,488.46
Incomes from the Office of Arbitrators 4,585,317.07 8,021,191.47
Incomes from the Insurance Premium Rating Bureau - 5,369.17
Reversing of doubtful debts 2,237,811.21 -
Interest Receivables 2,597,690.19 2,763,565.74
Misc Incomes 633,782.01 473,981.78
Total Incomes 133,131,259.79 110,007,582.62
Expenses
Development and Public Relations Committee 7,720,755.97 7,066,320.48
Account, Finance and Investment Committee 2,081,874.98 921,800.74
Legal and Compliance Committee 1,870,862.30 1,950,861.53
Property Insurance Committee 1,013,694.47 3,129,631.22
Marine Insurance and Logistics Committee 1,554,621.84 2,151,839.93
Motor Insurance Committee 32,793,333.85 30,264,060.08
MiscelIaneous, Accident and Health Insurance Committee 1,340,548.36 1,783,792.91
The Insurance Premium Rating Bureau 11,696,361.03 11,077,761.80
The Office of Arbitrators 7,075,164.73 6,902,143.77
Administrative Expenses 38,552,865.48 30,350,415.62
Other expenses 1,269,932.50 1,107,940.55
Total Expenses 106,970,015.51 96,706,568.63
Incomes higher than expenses before reserving for central and committee expenses 26,161,244.28 13,301,013.99
Plus (Less) Reserving for Central and Committee Expenses 23,379,581.07 (9,760,016.36)
(Less) Reserve for New Premises of the Association 15 (40,000,000.00) -
(Less) Reserve for emergency case 16 (2,369,600.00) -
Incomes higher than expenses 7,171,225.35 3,540,997.63

Note to financial statement is a part of this financial statement

(Mr. Anon Vangvasu)
President

128 รายงานประจำาปี 2556 | Annual Report 2013