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10. Deposit for Main Crop Rice Insurance Project

The Main Crop Rice Insurance Project was established in response to the resolution of the Cabinet on May
3, 2011 in order to provide a security to rice farmers and to protect the risks related to natural disaster. The project
implementation started on July 1, 2011 and ended on June 30, 2012. TGIA opened an account under the name
“TGIA Main Crop Rice Insurance Project” at the Bank for Agriculture and Agricultural Cooperatives, Nang Lerng
Branch to receive premium which is divided into 2 portions. The first 50% portion of the premium is kept as a reserve
to pay claims to the insured while the other 50% is paid in proportion to the participating general insurance

companies. In a case where the combined amount of claim payment and other expenses surpassed the amount of
reserved maintained at TGIA, the participating companies must jointly reimbursed the different amount to TGIA.

11. Reserve for Central Administrative and 7 Committees’ Expenses

Baht
2013 2012
Reserve for Development and Public Relations Committee 9,388,815.00 15,767,309.77
Reserve for Account, Finance and Investment Committee 3,404,215.09 4,223,911.26

Reserve for Legal and Compliance Committee 3,475,428.00 4,006,104.87
Reserve for Property Insurance Committee 4,954,138.28 4,959,443.61
Reserve for Marine Insurance and Logistics Committee 1,842,504.77 1,967,811.61
Reserve for Motor Insurance Committee 12,256,608.08 14,695,855.98

Reserve for Miscellaneous, Accident and Health Insurance Committee 1,709,627.77 2,123,246.09
Total 37,031,336.99 47,743,683.19
Reserve for Central Administrative Operation 24,639,361.63 37,306,596.50
Total 61,670,698.62 85,050,279.69

12. Staff Welfare Obligation

TGIA complies with the IAS No. 19: Employee Benefits, effective as from January 1, 2011 henceforth and
pays post employment benefits and pension according to the Labor Protection Act, B.E. 2541, relating to retirement
and other long term benefits to the employees according to their rights and period of employment.

134 รายงานประจำาปี 2556 | Annual Report 2013