We aim to be the most preferred non-life insurer in Thailand

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8. Investments in Associates 8.1 These represent investments in ordinary shares in the following associates. Company’s Name Nature of Country of Paid-up Capital Percentage Holding Business Incorporation (%) 2009 2008 2009 2008 Asia Insurance Non-life Cambodia USD 4,200,000 USD 4,200,000 22.92 22.92 (Cambodia) Plc. insurance Asian Insurance Holding China USD 5,740,000 USD 5,740,000 41.70 41.70 International (Holding) company Limited (Baht’000) Company’s Name Financial Statements Separate Financial Statements in which the equity method is applied in which the cost method is applied 2009 2008 2009 2008 Asia Insurance (Cambodia) Plc. 34,541 33,738 30,202 30,202 Asian Insurance International (Holding) Limited 84,492 84,991 72,054 72,054 Total 119,033 118,729 102,256 102,256 (Baht’000) Company’s Name Financial Statements Separate Financial Statements in which the equity method is applied in which the cost method is applied Share of Income (Losses) from Investments in Associates During the Years Dividend Received During the Years 2009 2008 2009 2008 Asia Insurance (Cambodia) Plc. 2,772 4,064 1,968 2,370 Asian Insurance International (Holding) Limited (499) (1,138) - - Total 2,273 2,926 1,968 2,370 8.2 Summarised Financial Information of Associates (Baht : Million) Company’s Name Total Assets as at Total Liabilities as at Total Revenues Net Income December 31 December 31 for the Years Ended for the Years Ended December 31 December 31 2009 2008 2009 2008 2009 2008 2009 2008 Asia Insurance (Cambodia) Plc. 273.96 284.05 97.25 102.69 49.48 62.36 11.94 18.47 Asian Insurance International (Holding) Limited 216.50 232.98 - - 6.73 1.50 (1.18) (2.96) Total 490.46 517.03 97.25 102.69 56.21 63.86 10.76 15.51 As at December 31, 2009 and 2008, the values of the Company’s investments in associates were determined under the equity method (in the financial statements in which the equity method is applied), based on the financial information provided by the associates’ management. The information had not been audited by external auditors. 76
The Company received the 2008 financial statements of Asian Insurance International (Holding) Limited, and Asia Insurance (Cambodia) Plc. which were audited by those associated companies’ auditors per their reports dated March 20, 2009 and March 30, 2009, respectively. 9. Related Party Transactions Related parties means parties that directly or indirectly control, are controlled by, or are under common control with the Company. This includes associates and enterprises which have individuals who hold, directly or indirectly, an interest in the voting rights which gives them significant influence over the Company, as well as key management personnel, directors and members of the immediate family of any such individual. In considering each possible related party relationship, attention is directed to the substance of the relationship, and not merely the legal form. The relationship between the Company and its related parties are summarised below: Name of Related Parties Type of Business Relationship with the Company Bangkok Bank Pcl. Banking Related by way of common directors and shareholding Charoong Thai Wire and Cable Pcl. Electrical Products Related by way of common directors and shareholding Furukawa Metal (Thailand) Pcl. Electrical Products Related by way of common directors and shareholding Thai Reinsurance Pcl. Insurance Related by way of common directors and shareholding Bumrungrad Hospital Pcl. Health Care Services Related by way of common directors and shareholding Bangkok Life Assurance Pcl. Life Insurance Related by way of common directors and shareholding Bangkok Glass Co., Ltd. Packaging Related by way of common directors and shareholding Sorachai Vivatn Co., Ltd. Property Development Related by way of common directors and shareholding EMCS Thai Co., Ltd. Professional Services Related by way of common directors and shareholding Bang Pa-In Golf Co., Ltd. Entertainment & Recreation Related by way of common directors and shareholding Thai Insurers Datanet Co., Ltd. Professional Services Related by way of common directors and shareholding Thai Metal Processing Co., Ltd. Electronic Parts Related by way of common directors and shareholding Thai Orix Leasing Co., Ltd. Finance Related by way of common directors and shareholding AIOI Bangkok Insurance Co., Ltd. Non-life Insurance Related by way of shareholding Asia Insurance (Investments) Limited Holding Company Related by way of shareholding Asia Insurance (Cambodia) Plc. Non-life Insurance Associate Asian Insurance International (Holding) Limited Holding Company Associate Bualuang Securities Pcl. Securities Subsidiary of the major shareholder of the Company 77
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Bangkok Insurance aims to be the mo
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CONTENTS VISION 2 FINANCIAL HIGHLIG
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We aim to be the most preferred non
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The year 2009 was, therefore, anoth
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In addition, the Company was still
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As a consequence, it is anticipated
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6.2 Interest Rate Risk The Company
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Increase Convenience for Premium Pa
Page 21 and 22:
REPORT OF THE COMPANYûS OPERATIONS
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The net investment income in 2009 w
Page 25 and 26: Goals of Business Transactions For
Page 27 and 28: We aim to be the most preferred non
Page 29 and 30: INVESTMENTS IN SECURITIES Investmen
Page 31 and 32: FIVE YEARS REVIEW (Baht’000) 2009
Page 33 and 34: Mr. Chatri Sophonpanich Chairman Mr
Page 35 and 36: Miss Potjanee Thanavaranit Independ
Page 37 and 38: Mr. Witcha Damrongsinsak Director M
Page 39 and 40: 1. Mrs. Srichittra Pramojaney 2. Mr
Page 41 and 42: Miss Pagamas Charusathien Senior Vi
Page 43 and 44: Mr. Sontaya Chaichomlert Senior Vic
Page 45 and 46: Bangkok Insurance, Your Caring Part
Page 47 and 48: 1. Mr. Anant Pongpoon 2. Ms. Anchan
Page 49 and 50: 1. Mr. Alonggorn Gradtip 2. Mr. Ana
Page 51 and 52: Bangkok Insurance Public Company Li
Page 53 and 54: Public Health Relief of Public Disa
Page 55 and 56: 3. Checking to Prevent a Conflict o
Page 57 and 58: To the Shareholders of Bangkok Insu
Page 59 and 60: (Baht’000) Financial Statements i
Page 61 and 62: (Baht’000) Motor Miscellaneous 20
Page 63 and 64: (Baht’000) Motor Miscellaneous 20
Page 65 and 66: (Baht’000) Surplus (Deficit) on R
Page 67 and 68: (Baht’000) Surplus (Deficit) on R
Page 69 and 70: For the years ended December 31, 20
Page 71 and 72: 4.4 Related party transactions Rela
Page 73 and 74: 5. Significant Accounting Judgments
Page 75: Investments in debt securities as a
Page 79 and 80: (Baht’000) 2009 2008 Investments
Page 81 and 82: 12. Premium Due and Uncollected The
Page 83 and 84: 20. Basic Earnings Per Share Basic
Page 85 and 86: Foreign Currency Risk The Company
Page 87 and 88: Debtors, overdue under 3 months, fo
Page 89 and 90: FINANCIAL RATIO Financial Ratio 200
Page 91 and 92: SHAREHOLDING IN OTHER COMPANIES Inv
Page 93 and 94: THE MANAGEMENT Management Structure
Page 95 and 96: 4. To consider a selection and prop
Page 97 and 98: The Appointment of the Company’s
Page 99 and 100: Name Position No. of Attendance/ An
Page 101 and 102: Name of the Management Committee Po
Page 103 and 104: 1. The Board of Directors shall com
Page 105 and 106: SHAREHOLDINGS STRUCTURE Breakdown o
Page 107 and 108: Dividend Payment Policy Since it is
Page 109 and 110: The Section on Consideration of Sta
Page 111 and 112: As for the consequence of an implem
Page 113 and 114: 4.1 Policy on Corporate Governance
Page 115 and 116: 5. The Section on the Board of Dire
Page 117 and 118: 5.4 The Board of Directors’ Meeti
Page 119 and 120: GENERAL INFORMATION Name of Company
Page 121 and 122: Motor Claims Service Center Krabi B
Page 124: Bangkok Insurance Building 25 Satho
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