Year 2007
Year 2007
Year 2007
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INCOME STATEMENTS<br />
Separate financial statements in which the cost method is applied<br />
For the years ended December 31, <strong>2007</strong> and 2006<br />
(Baht‘000)<br />
Fire<br />
Marine<br />
Underwriting Income<br />
Premium Written 1,314,272 395,098<br />
Less Premium Ceded 328,748 174,341<br />
Net Premium Written 985,524 220,757<br />
Less<br />
Increase (Decrease) in Unearned Premium<br />
Reserve from Previous <strong>Year</strong> 5,422 (4,616)<br />
Total Underwriting Income 980,102 225,373<br />
Underwriting Expenses<br />
Losses Incurred During the <strong>Year</strong> 454,774 82,102<br />
Commissions and Brokerages 301,421 20,682<br />
Other Underwriting Expenses 102,297 37,259<br />
Total Underwriting Expenses 858,492 140,043<br />
Income on Underwriting 121,610 85,330<br />
Investment Income<br />
Interest and Dividends Income<br />
Gain on Sales of Securities<br />
Less<br />
Investment Expenses<br />
(Loss on Impairment of Investments) Gain from Reversal<br />
Income on Investment<br />
Other Income<br />
Gain on Sales of Fixed Assets<br />
Others<br />
Total Income on Underwriting and Investment<br />
Operating Expenses<br />
Personnel Expenses<br />
Property, Plant and Equipment Expenses<br />
Taxes and Duties<br />
Bad Debt and Doubtful Accounts (Reversal)<br />
Directors’ Remuneration<br />
Other Operating Expenses<br />
Total Operating Expenses<br />
Income Before Income Tax<br />
Less<br />
Corporate Income Tax<br />
Net Income for the <strong>Year</strong><br />
Basic Earnings Per Share<br />
Net Income (Note 18)<br />
The accompanying notes are an integral part of the financial statements.<br />
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