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

16. Dividend Paid
Dividend declared in 2009 and 2008 consist of the following:
Approved by Total Dividend Dividend Per Share
(Million Baht)
(Baht)
The Third Interim Dividend Meeting of Board of Directors 4/09
for 2009 on November 13, 2009 139.43 2.75
The Second Interim Dividend Meeting of Board of Directors 3/09
for 2009 on August 14, 2009 139.42 2.75
The First Interim Dividend Meeting of Board of Directors 2/09
for 2009 on May 15, 2009 139.42 2.75
Final Dividend
Annual General Meeting of
for 2008 the Shareholders No.16 on April 24, 2009 190.13 3.75
Total Dividend for the Year 2009 608.40 12.00
The Third Interim Dividend Meeting of Board of Directors 4/08
for 2008 on November 14, 2008 139.43 2.75
The Second Interim Dividend Meeting of Board of Directors 3/08
for 2008 on August 14, 2008 139.42 2.75
The First Interim Dividend Meeting of Board of Directors 2/08
for 2008 on May 14,2008 139.42 2.75
Final Dividend
Annual General Meeting of
for 2007 the Shareholders No.15 on April 25, 2008 190.13 3.75
Total Dividend for the Year 2008 608.40 12.00
17. Statutory Reserve
Pursuant to Section 116 of the Public Limited Companies Act B.E. 2535, the Company is required to set aside to a statutory
reserve at least 5% of its net income after deducting accumulated deficit brought forward (if any), until the reserve reaches 10% of
the registered capital. The statutory reserve is not available for dividend distribution.
18. Provident Fund
The Company and its employees jointly established a provident fund under the Provident Fund Act B.E. 2530. The fund is
contributed to by both the employees and the Company on a monthly basis, at rates ranging from 5% to 10% of the employees’
basic salaries, based on the length of employment. The fund is managed by a fund manager which has been approved by the Ministry
of Finance. During the year 2009, the Company contributed approximately Baht 34.6 million (2008: Baht 32.4 million) to the Fund.
19. Directors’ Remuneration
Directors’ remuneration represents the benefits paid to the Company’s directors in accordance with Section 90 of the
Public Limited Companies Act, exclusive of salaries and related benefits payable to executive directors.
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