Page 137 - TGIA_AnnualReport2015

Thai General Insurance Association
Statement of Income and Expenses

For the year ended on 31, December 2015

Baht
2015 2014
Incomes
Membership fee under Section 9.2 1,745,000.00 1,775,000.00
Membership fee under Section 9.3 118,159,807.00 89,797,000.00
Membership fee under Section 9.4 40,435,000.00 24,075,000.00
Committees’ Incomes 232,974.39 305,610.55
Incomes from the Arbitration Office 6,431,916.02 5,432,546.89

Reversing of doubtful debts 1,179,652.11 -
Interest Receivables 4,313,746.24 3,424,759.59
Misc Incomes 627,279.49 433,919.53
Total Incomes 173,125,375.25 125,243,836.56
Expenses
Insurance Development and Technical Committee 7,135,012.41 8,987,800.21
Accounting, Finance and Investment Committee 839,619.60 1,221,625.70
Legal and Compliance Committee 1,728,672.04 1,032,426.27
Property Insurance Committee 1,087,450.84 4,089,938.11

Marine Insurance and Logistics Committee 1,415,215.79 1,861,219.80
Motor Insurance Committee 11,499,979.64 20,382,788.25
Miscellaneous Insurance Committee 801,984.63 927,871.91
Accident and Health Insurance Committee 165,889.88 -
The Insurance Premium Rating Bureau 12,736,720.03 12,323,691.91
Arbitration Office 8,448,373.51 7,545,847.81
Administrative Expenses 76,440,030.77 36,263,171.21
Losses on actuarial estimates - 1,793,085.00
Doubtful debts - 325,975.00
Other expenses 1,855,639.70 2,532,119.93

Total Expenses 124,154,588.84 99,287,561.11
Incomes higher than expenses before reserving for central 48,970,786.41 25,956,275.45
and committee expenses
Plus (Less) Reserving for Central and Committee Expenses (14,918,919.38) 13,746,566.36
Less Reserve for New Premises of the Associatio 16 (21,000,000.00) (31,000,000.00)
Less Reserve for emergency case 17 (2,643,300.00) (2,150,000.00)
Incomes higher than expenses 10,408,567.03 6,552,841.81

(Mr. Anon Vangvasu)
President
134 รายงานประจาปี 2558 | Annual Report 2015
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