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13. Provision for Employee Benefit
The change of Provision for Employee Benefit for the year ended on December 31, 2015 and 2014 as
follows. Baht
2015 2014
Provision for Employee Benefit as on January 1. 7,690,796.00 4,891,713.00
Cost of Employee Benefit Increased 820,693.00 1,372,638.00
Benefits paid out during the year (366,640.00)
Provision for Employee Benefit as on December 31. 8,511,489.00 7,690,796.00
14. Accumulated Fund
Established by the resolutions of the 36 Annual General meeting and March 26, 2002 of the association
th
to use when necessary.
15. Revolving Fund
Revolving Fund is set up according to the resolution of the Board Meeting to be used for purchasing
consumable material, hiring or servicing, etc. The amount of fund that has been spent will be recompensed to
the full amount of 1,000,000.00 Baht.
16. Reserve for New Premises of the Association
The Reserve for New Premises of the Association was set up according to the resolution of the 1/2013
Extraordinary General Meeting on June 25, 2013 for the Association new premises with the fund of 70,845,000.00
Baht as at December 31, 2014. The Association has put up Additional Reserve of 21,000,000.00 Baht from the
excess budget of 2014-2015. Hence, the Reserve as at December 31, 2015 was 91,845,000.00 Baht.
17. Reserve of Contingency
The Reserve of Contingency was set up according to the resolutions of the 1/2012 Extraordinary
General Meeting on June 25, 2013 to collect a Reserve for contingency. This is a part of membership free
under contribution rule no. 9.3. As at December 31, 2014 the Reserve was 4,519,600.00 Baht. For the Budget
Year 2015-2016, the Additional Reserve was 2,643,300.00 Baht. Therefore, the Reserve of Contingency as at
December 31, 2015 was 7,162.900.00 Baht.
18. Contingent Liabilities
As at December 31, 2015 the Association has a contingent liabilities in Project of Non-life Insurance
Public Relation (the contract within one year) at the amount of 9.6 million Baht.
19. Approval of Financial Statements
This financial statement was approved and allowed to be published by the Executive Board on February
9, 2016.
140 รายงานประจาปี 2558 | Annual Report 2015
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