Page 136 - TGIA_AnnualReport2015
P. 136
Thai General Insurance Association
Financial Statement (Cont.)
As at December 31, 2015
Bath
Liabilities and Accumulated Fund Notes 2015 2014
Current Liabilities
Accrued Expenses 729,785.30 2,370,447.27
Reserve deposit from member companies 7,962,033.72 7,316,846.38
Reserve deposit for Main crop rice insurance project 11 274,288,169.61 170,248,937.54
Expense reserve 12
8 committees 22,034,710.29 27,581,514.00
Central 40,808,341.35 20,342,618.26
Total Expense Reserve 62,843,051.64 47,924,132.26
Total Current Liabilities 345,823,040.27 227,860,363.45
Non Current Liabilities
Provision for Employee Benefit 13 8,511,489.00 7,690,796.00
Total Liabilities 354,334,529.27 235,551,159.45
Accumulated Fund
Fund transferred from the former insurance association 331,818.43 331,818.43
General reserve 1,972,620.17 1,894,962.02
Accumulated fund 14 17,868,964.44 17,868,964.44
Working fund 15 1,000,000.00 1,000,000.00
Reserve for New Premises of the Association 16 91,845,000.00 70,845,000.00
Reserve for Contingency 17 7,162,900.00 4,519,600.00
Accumulated incomes higher than expenses 36,509,706.55 26,101,139.52
Total Accumulated Fund 156,691,009.59 122,561,484.41
Total Liabilities and Accumulated Fund 511,025,538.86 358,112,643.86
Note to financial statement is a part of this financial statement
(Mr. Anon Vangvasu)
President
สมาคมประกันวินาศภัยไทย | Thai General Insurance Association 133
