Page 135 - TGIA_AnnualReport2013

7. Loans to Staff

According to the Regulation of the Thai General Insurance Association on Loans as a Welfare to Staff, dated
May 24, 2011, the fund has been established to provide a loan to the staff at a maximum limit of not more than 2 times
of the salary or 50,000 Baht. The payback period is not more than 24 months.

8. Fixed Deposit with Guarantying Obligations
As of December 31, 2013 and 2012, the fixed deposit which was used as collateral of letter of guarantees

issued by the bank amounting 184,090.52 Baht and 179,638.96 Baht respectively.

9. Equipment and Vehicle

Baht

Office
Equipment Vehicle Total
As of December 31, 2012
Cost 7,343,920.29 2,210,900.00 9,554,820.29
Less Accumulated depreciation (5,767,276.41) (330,782.90) (6,098,059.31)

Net book value 1,576,643.88 1,880,117.10 3,456,760.98
Transaction during the year as of December 31, 2013
Net book value at beginning of year 1,576,643.88 1,880,117.10 3,456,760.98

Plus Purchased assets 2,947,559.48 - 2,947,559.48
Less Depreciation (791,121.13) (164,180.00) (955,301.13)
Net book value at the year end 3,733,082.23 1,715,937.10 5,449,019.33

as of December 31, 2013
Cost 10,291,479.77 2,210,900.00 12,502,379.77
Less Accumulated depreciation (6,558,397.54) (494,962.90) (7,053,360.44)

Net book value 3,733,082.23 1,715,937.10 5,449,019.33

สมาคมประกันวินาศภัยไทย | Thai General Insurance Association 133