Page 138 - TGIA_AnnualReport2014

12. Reserve for Central Administrative and 7 Committees’ Expenses

Baht

2014 2013
Reserve for Development and Public Relations Committee 10,057,698.10 9,388,815.00
Reserve for Accounting, Finance and Investment Committee 3,048,846.79 3,404,215.09
Reserve for Legal and Compliance Committee 2,752,247.69 3,475,428.00
Reserve for Property Insurance Committee 1,718,175.80 4,954,138.28

Reserve for Marine Insurance and Logistics Committee 1,259,250.10 1,842,504.77
Reserve for Motor Insurance Committee 7,444,166.18 12,256,608.08
Reserve for Miscellaneous, Accident and Health Insurance Committee 1,301,129.34 1,709,627.77
Total 27,581,514.00 37,031,336.99
Reserve for Central Administrative Operations 20,342,618.26 24,639,361.63

Total 47,924,132.26 61,670,698.62

13. 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.

Change in Current Value of Staff Welfare Obligations
Baht
2014 2013

For the year ended on December 31
Staff welfare obligations as on January 1 4,891,713.00 4,308,134.00
Current Service Cost and Interest 1,372,638.00 583,579.00
Benefits paid out during the year (366,640) -
Deficits from Actuarial Commutation 1,793,085.00 -

Staff welfare obligations as on December 31 7,690,796.00 4,891,713.00

Cost recognized in income statement is higher than expenses.
Baht

2014 2013
For the year ended on December 31
Current Service Cost 1,085,186.00 421,603.00
Interest from obligations 287,452.00 161,976.00

Total 1,372,638.00 583,579.00

136 รายงานประจำาปี 2557 | Annual Report 2014