Page 134 - TGIA_AnnualReport2013

The actuarial gains and losses projection for post employment benefit of employees is recognized
immediately in the incomes higher than expenses account.

The liabilities of the post employment benefits of TGIA employees comprise current value of post
employment benefits obligations less unrecognized historical service cost and gains and losses from unrecognized
actuarial projection.

In complying with the IAS 19: Employee Benefits for the first time in 2011, the TGIA chose to recognize
the liabilities during a changing period in which was higher than the recognized value of liabilities on the same date
according to the former accounting policy by adjusting the record with accumulated gains on a beginning date of
the year 2011.

3.5 Revenue and Expense Recognition

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

4. Cash and Cash Equivalent

Baht
2013 2012
Cash 40,000.00 39,254.00
Current Account 962,777.62 1,343,565.29

Saving Account 21,887,673.44 10,729,190.93
Total 22,890,451.06 12,112,010.22

5. Temporary Investment

As of December 31, 2013 and 2012, the fixed deposit of the Thai General Insurance Association were 90
million Baht and 85 million Baht, respectively, with the interest rate of 3.00-3.20% per annum (2012: 3.00-3.40%)

6. Accrued Incomes from Membership Fee

Baht
2013 2012
Accrued Membership Fee 47,155,614.53 43,778,323.00

Less Allowance for doubtful debt (6,621,879.00) (9,966,039.00)
Net 40,533,735.53 33,812,284.00

132 รายงานประจำาปี 2556 | Annual Report 2013