Year 2007

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BALANCE SHEETS As at December 31, 2007 and 2006 ( Baht ‘000) Financial Statements in which the equity method is applied Separate Financial Statements in which the cost method is applied Assets 2007 2006 2007 2006 Investments in Securities Bonds 269,894 77,264 269,894 77,264 Notes 478,225 93,225 478,225 93,225 Stocks 11,293,186 10,322,156 11,293,186 10,322,156 Debentures 21,154 96,714 21,154 96,714 Unit trusts 826,897 648,252 826,897 648,252 Other Securities - 7,776 - 7,776 Total Investments in Securities (Note 5,8) 12,889,356 11,245,387 12,889,356 11,245,387 Loans Loans Against Securities 2,435,422 2,702,497 2,435,422 2,702,497 Other Loans 2,875 1,712 2,875 1,712 Total Loans (Note 6) 2,438,297 2,704,209 2,438,297 2,704,209 Investments in Associated Companies (Note 7) 118,172 176,572 102,255 171,388 Cash and Deposits at Financial Institutions (Note 8,9) 607,686 633,890 607,686 633,890 Premises and Equipment - Net (Note 10) 1,177,394 1,210,036 1,177,394 1,210,036 Amounts Deposit on Reinsurance Treaties 175,051 177,194 175,051 177,194 Due from Reinsurers (Note 8) 85,222 169,395 85,222 169,395 Premium Due and Uncollected - Net (Note 8,11) 1,468,814 1,461,270 1,468,814 1,461,270 Accrued Investment Income 62,650 53,152 62,650 53,152 Other Assets Intangible Assets (Note 12) 205,527 204,806 205,527 204,806 Others (Note 8) 238,528 157,670 238,528 157,670 Total Assets 19,466,697 18,193,581 19,450,780 18,188,397 The accompanying notes are an integral part of the financial statements. 56
( Baht ‘000) Financial Statements in which the equity method is applied Separate Financial Statements in which the cost method is applied Liabilities and Shareholders’ Equity 2007 2006 2007 2006 Unearned Premium Reserve (Note 13) 2,453,829 2,275,965 2,453,829 2,275,965 Loss Reserve and Outstanding Claims 1,098,480 982,259 1,098,480 982,259 Amounts Withheld on Reinsurance Treaties 355,350 399,795 355,350 399,795 Due to Reinsurers (Note 8) 464,159 442,737 464,159 442,737 Commission Payable 300,431 242,290 300,431 242,290 Other Liabilities Corporate Income Tax Payable 31,605 64,316 31,605 64,316 Premium Received in Advance 713,924 595,549 713,924 595,549 Accrued Expenses 199,483 241,117 199,483 241,117 Others 175,619 152,778 175,619 152,778 Total Liabilities 5,792,880 5,396,806 5,792,880 5,396,806 Shareholders’ Equity Share Capital Registered 50,700,000 Ordinary Shares of Baht 10 each 507,000 507,000 507,000 507,000 Issued and Fully Paid 50,700,000 Ordinary Shares of Baht 10 each 507,000 507,000 507,000 507,000 Premium on Share Capital 1,442,500 1,442,500 1,442,500 1,442,500 Surplus on Revaluation of Investments 7,612,116 6,834,423 7,612,116 6,834,423 Retained Earnings Appropriated Legal Reserve (Note 16) 50,700 50,700 50,700 50,700 General Reserve 3,100,000 3,100,000 3,100,000 3,100,000 Unappropriated 961,501 862,152 945,584 856,968 Total Shareholders’ Equity 13,673,817 12,796,775 13,657,900 12,791,591 Total Liabilities and Shareholders’ Equity 19,466,697 18,193,581 19,450,780 18,188,397 The accompanying notes are an integral part of the financial statements. 57
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CONTENTS FINANCIAL HIGHLIGHTS MESSA
Page 5 and 6: 2007 2006 Change 2007 For The Year
Page 7 and 8: The year 2008, therefore, is anothe
Page 9 and 10: In 2007, the Company developed a nu
Page 11 and 12: Marketing and Competition in 2007 F
Page 13 and 14: Nevertheless, there are still many
Page 15 and 16: 2. Underwriting Risks Thailand has
Page 17 and 18: 6.2 Interest Rate Risk As at Decemb
Page 19 and 20: Active Care Uniform Care Service Un
Page 21 and 22: (Baht : million) 2007 2006 Change N
Page 23 and 24: The net investment income in 2007 w
Page 25 and 26: to industrial all risks insurance.
Page 27 and 28: Investments in non-listed securitie
Page 29 and 30: INVESTMENTS IN SECURITIES Investmen
Page 31: THREE YEARS REVIEW (Baht’000) 200
Page 34 and 35: BOARD OF DIRECTORS AND BOARD OF DIR
Page 36 and 37: Mr. Suvarn Thansathit Independent D
Page 38 and 39: MANAGEMENT COMMITTEE AND MANAGEMENT
Page 40 and 41: Miss Pagamas Charusathien Senior Vi
Page 42 and 43: Mr. Boonkird Chirapathama Senior Vi
Page 44 and 45: FIRST VICE PRESIDENT AND VICE PRESI
Page 46 and 47: ASSISTANT VICE PRESIDENT 1. Mr. Cha
Page 48 and 49: SOCIAL ACTIVITIES IN 2007 Continuin
Page 50 and 51: Scholarship Grants to Poor Students
Page 52 and 53: REPORT OF THE AUDIT COMMITTEE The B
Page 54 and 55: REPORT ON THE BOARD OF DIRECTOR’S
Page 58 and 59: INCOME STATEMENTS Financial stateme
Page 60 and 61: INCOME STATEMENTS Separate financia
Page 62 and 63: STATEMENTS OF CHANGES IN SHAREHOLDE
Page 64 and 65: STATEMENTS OF CASH FLOWS For the ye
Page 66 and 67: 4. Significant Accounting Policies
Page 68 and 69: 4.9 Unearned premium reserve Unearn
Page 70 and 71: Investments in debt securities as a
Page 72 and 73: 7.2 Summarised financial informatio
Page 74 and 75: (Baht’000) 2007 2006 Investments
Page 76 and 77: 12. Intangible Assets (Baht’000)
Page 78 and 79: 18. Basic Earnings Per Share Basic
Page 80 and 81: Foreign Currency Risk The Company
Page 82 and 83: Debtors, overdue under 3 months, fo
Page 84 and 85: FINANCIAL RATIO 2007 2006 2005 Fina
Page 86 and 87: SHAREHOLDING IN OTHER COMPANIES Inv
Page 88 and 89: THE MANAGEMENT Management Structure
Page 90 and 91: Name Position No. Of Attendance/ An
Page 92 and 93: The Management Committee is made up
Page 94 and 95: SHAREHOLDINGS STRUCTURE Breakdown o
Page 96 and 97: Shareholding of Management Committe
Page 98 and 99: PRINCIPLES OF GOOD CORPORATE GOVERN
Page 100 and 101: For every shareholder’s meeting,
Page 102 and 103: Customers The Company offers variou
Page 104 and 105: 4.3 Role and Duty Performance of th
Page 106 and 107:
(4) The Company’s Secretary The C
Page 108 and 109:
- The Use of Insider Information In
Page 110 and 111:
5.5 Procedure on the Determination
Page 112 and 113:
North Eastern Region: Khon Kaen 345
Page 114:
LINES OF BUSINESS Fire & Allied Lin
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Year 2007

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