ANNUAL REPORT 2010
CHARAN INSURANCE PUBLIC COMPANY LIMITED
BALANCE SHEETS (CONT) AS AT DECEMBER 31, 2010 AND 2009 LIABILITIES AND SHAREHOLDERS’ EQUITY Notes Liabilities Unearned premium reserve 12 Loss reserve and outstanding claims 13 Amounts withheld on reinsurance treaties Due to reinsurers Other liabilities Advance premium received Accrued commissions Others Total Liabilities Shareholders’ Equity Share capital Authorized share capital 6,000,000 common shares at Baht 10 par value Issued and paid - up share capital 6,000,000 common shares at Baht 10 par value Premium on share capital Surplus on revaluation of investments 6 Retained earnings Appropriated for legal reserve 15 Unappropriated Total Shareholders’ Equity Total Liabilities and Shareholders’ Equity
In Baht 2010 2009 53,900,611 28,928,142 17,622,107 6,727,806
59,405,689 17,529,939 22,886,976 4,176,983
31,750,891 24,167,583 3,374,517 5,284,158 7,788,173 10,394,959 150,092,247 143,846,287
60,000,000
60,000,000
60,000,000 60,000,000 258,000,000 258,000,000 123,916,164 57,812,195 6,000,000 6,000,000 212,148,313 219,927,169 660,064,477 601,739,364 810,156,724 745,585,651
The notes to financial statements are an integral part of these financial statements.
CHARAN INSURANCE PUBLIC COMPANY LIMITED
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