Page 136 - TGIA_AnnualReport2014

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, 2014 and 2013, the fixed deposit which was used as collateral of letter of guarantees
issued by the bank amounting 187,984.03 Baht and 184,090.52 Baht respectively.

9. Equipment and Vehicle

Baht

Office
Equipment Vehicle Total
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
Transaction during the year as of December 31, 2014

Net book value at beginning of year 3,733,082.23 1,715,937.10 5,449,019.33
Plus Purchased assets 846,865.96 2,960,000.00 3,806,865.96
Less Asset Sell Out - (1,631,373.16) (1,631,373.16)
Depreciation (1,108,267.94) (213,232.43) (1,321,500.37)

Net book value at the year end 3,471,680.25 2,831,331.51 6,303,011.76
as of December 31, 2014
Cost 11,138,345.73 2,960,000.00 14,098,345.73

Less Accumulated depreciation (7,666,665.48) (128,668.49) (7,795,333.97)
Net book value 3,471,680.25 2,831,331.51 6,303,011.76

134 รายงานประจำาปี 2557 | Annual Report 2014