6& 6 '4 7 svvz¸‚้อมูลรายงาน... · .'< 15 '6. + 6...

MISSION

VALUES

To strive for product and service quality through skills and ethics development and throughoperational excellence, in order to achieve customer satisfaction and sustain financial strength.

Customer Satisfaction Achievement

HISTORY

was established

company should be established in order to keep money in the country and help the Thai’s during distress in claim situation. The company

company, and was awarded a garuda emblem and was designated

and Ayudhaya

2519 2546 2554

Annual Report 2016

CONTENTS

Structure of the Board of Directors

Corporate Secretary

Board of Directors’ Meeting

Leadership and vision

The Nomination of the Directors and Executive Officers

Management Remuneration

Remuneration for Audit

Corporate Governance Policy

Shareholders rights and shareholder’s Meeting

Inside Information Management

Internal Control and Risk Management

Connected Transaction

Business Ethic

Nature of Business

Income Structure

Risk Factors

Description and analysis of financial position and results from operations

Progress of The Business Plan

Notes to Financial Statements

8

www.sec.or.th www.thaiins.com

www.sec.or.th Or www.thaiins.com

2558

2015

2559

2016

2557

2014

Annual Report 2016

Annual Report 2016

t

customers.

trusted insurance company.

8

1

2

3

6

7

8

5

4

Annual Report 2016

performance, the economic trends and the adequacy of the capital required by related laws and the capital for company’s further expansion.

%*

Annual Report 2016

Nomination and

Recovery

Annual Report 2016

has resolved to increase the registered capital by issuing new preferred shares. The company has allotted shares to raise capital to existing

www.thaiins.com

Annual Report 2016

’ signatures accompanied by an official company seal allows the directors to engage in legally binding agreement on behalf of the company

financial disclosures, compliance with accepted accounting standards, prevention of potential conflict of interests within the scope of www.thaiins.com

to nominate qualified persons to be directors

has given the advices in policy, target and strategic determination, direction of business operation, monitoring and evaluation throughout

policy, considering the investment regulations and procedure and considering investment approval as well as monitoring the status of its

has given the advices in policy, target and strategic determination, direction of business operation and annual budget for approval.

business operation and annual budget.

The board of director has had the resolution to appoint as the

20

• • • •

Annual Report 2016

21

management.

(

• • •

Annual Report 2016

23

Name

-

24

• •

Annual Report 2016

25

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

• •

Annual Report 2016

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note

• •

28

• • • • •

Annual Report 2016

29

Corporate Governance

• • • • •

Shareholders Rights and Shareholders’ Meeting

Investor relations

Rights of various interest groups

Management and Corporate Governance

Annual Report 2016

31

32

- -

33

Annual Report 2016

- -

35

Annual Report 2016

36

•

% % % %

37

Annual Report 2016

c

-

the director.

Marine and

Motor

% % % %

38

4.

Annual Report 2016

39

Annual Report 2016

41

Annual Report 2016

A

T

.

43

Annual Report 2016

-

Marine and Motor

45

Annual Report 2016

47

Business Operation

Personal accident and health insurance

Miscellaneous insurance

Analysis of Financial Position.Asset Asset Component

Asset Quality Premium receivables (Uncollected premium)

Loans

Investments in securities

Annual Report 2016

49

Annual Report 2016

51

Annual Report 2016

on the other hand.

53

Annual Report 2016

55

Annual Report 2016

57

58

1.

4.

Annual Report 2016

59

4.

Annual Report 2016

61

Annual Report 2016

63

64

•

•

•

•

•

•

•

•

Annual Report 2016

65

67

Annual Report 2016

68

2559

2558

2558

Statements of financial positionAnnual Report 2016

69

Assets

Total assets

2016

2015

2015Note

70

2559

2558

2558

Annual Report 2016

71

Statements of financial position

Liabilities and equity

Liabilities

Total liabilities

2016

2015

2015Note

(

72

2559

2558

2558

Annual Report 2016

73


Equity

Total equity

Total liabilities and equity

2016

2015

2015 Note

(

74

2559

2558

Annual Report 2016

75

Statements of comprehensive income

Income

Total income

Expenses

Total expenses

Profit before income tax

Profit for the year

2016

2015 Note

76

2559

2558

Annual Report 2016

77


Total comprehensive income for the year

Earnings per share

2016

2015 Note

Annual Report 2016

79

Statements of changes in equity

Bala

nce

as a

t 1 J

anua

ry 2

015

Prof

it fo

r the

yea

r

Bala

nce

as a

t 1 J

anua

ry 2

016

Prof

it fo

r the

yea

r

Othe

r com

preh

ensiv

e in

com

e fo

r the

yea

r

Tota

l com

preh

ensiv

e in

com

e fo

r the

yea

r

Notes to financial statementsAnnual Report 2016

83

1. General information

2. Basis for preparation of the financial statements

3. New financial reporting standards 3.1 Financial reporting standards that became effective in the current year accounting g

Annual Report 2016

85

Notes to financial statements

3.2 Financial reporting standard that will become effective in the future

Premium income consists of direct premium and reinsurance premium less premium of canceled policies and premiums refunded to

Interest income on loan

Annual Report 2016

87


89


Premium receivables and allowance for doubtful accounts

l acc

91


93


shall

f

be

Short-term employee benefits

Others


Post-employment benefits Defined contribution plans

Defined benefit plans

Provisions

rental

95


97


estimates

t of

to

99

Annual Report 2016

101


maturity

Cash on hand

102

-

-

-

-

-

-

-

-

Annual Report 2016

103


Total

Total amounts due from reinsurers

Warrants Total

Total available-for-sale investments Held-to-maturity investments

Total held-to-maturity investments Other investments

Total other investments Total investments in securities

-

-

-

-

-

-

-

- -

104

Total

TotalHeld-to-maturity investments

TotalTotal investments in debt securities, net

Annual Report 2016

105

Total

TotalHeld-to-maturity investments

TotalTotal investments in debt securities, net

TotalPeriod to maturity

TotalPeriod to maturity

-

-

-

- -

Annual Report 2016

107


Changes during the year

Interest income from debt securities

Total

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Annual Report 2016

111

PrincipalOutstanding year Principal

Total loans

Disposals

Write - off

Depreciation for the year


Depreciation on disposals


-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land

equipmentprogress Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109


112

-----

-

-

-

-

110

Annual Report 2016

111

-----

-

-

Total

Total

- -

recognised in profit or loss for the years


Annual Report 2016

113

Total


Annual Report 2016

115

- Claims incurred and reported - Claims incurred but not reported

Total

Insurance

contract liabilitiesLiabilities

on reinsurance

Insurance contract liabilities

Liabilities on reinsurance

- Claims incurred and reported - Claims incurred but not reported

Total

Liabilitieson reinsurance

LiabilitiesInsurancecontract liabilities

Insurance

For the years ended 31 December


Annual Report 2016

117

Incu

rred

and

agre

ed c

laim

s pa

yabl

e

Tota

l


Annual Report 2016

Incu

rred

and

agre

ed c

laim

s pa

yabl

e

Tota

l


119

Annual Report 2016Notes to financial statements


Premium earned for the current year

Total due to reinsurers

121

Annual Report 2016

Interest cost

Demographic assumptions changes


Discount rate

123

Annual Report 2016

125


Discount rate

Discount rate

Annual Report 2016

127


21. Provident fund

23. Dividend paid

Transactions with related companiesTransfer pricing policy

Balances with related party

128

- -

00

Annual Report 2016

129


Directors and management’s benefits

Total

Deposits at financial institutions

Cost Cost

- -


Contribution during the year

130

•

Annual Report 2016

00131


•

operating

to reinsurers

from prior year

Total underwriting income

from reinsurers

Other income

Profit from investments segment

transportation TotalPersonal accident

and health

Annual Report 2016

00133


to reinsurers

from prior year

Total underwriting income

from reinsurers

Other income

Profit from investments segment

transportation TotalPersonal accident

and health

Geographic information

Annual Report 2016

00135


systems

-

136

Annual Report 2016

00


Personal accident and health

Total

Personal accident and health

Total

-

change

Loss ratioLoss ratio

in gross claim liabilities

in net claim liabilities

Increase

in equity

137

Annual Report 2016

00


I

139

--

--

-

--

--

--

-

--

--

--

--

--

-

--

--

-

--

-

--

-

--

--

--

--

-

--

--

--

--

--

--

--

--

--

-

--

--

-

--

-

--

-

--

--

140

Annual Report 2016

00

Financial assets

LoansFinancial liabilitiesInsurance contract liabilities

and outstanding claimsDue to reinsurers

The repricing period or maturity date

Withininterest rate bearingyears

TotalInterest rate

Financial assets

LoansFinancial liabilitiesInsurance contract liabilities

outstanding claimsDue to reinsurers

--

--

-

--

--

--

--

--

--

--

--

--

-

--

--

-

--

-

--

-

--

--

The repricing period or maturity date

Withinyears

TotalInterest rate


interest rate bearing

141

--

--

-

--

--

--

-

--

--

--

--

--

-

--

--

-

--

-

--

-

--

--

142

-

--

-

--

-

-

--

-

-

--

--

-

--

--

--

-

--

-

--

-

--

-

-

--

-

-

--

--

-

--

--

--

-

--

00143


Financial assets

LoansFinancial liabilitiesInsurance contract


Total

Financial assets

LoansFinancial liabilitiesInsurance contract


Total

-

--

-

--

-

-

--

-

-

--

--

-

--

--

--

-

--

-

--

-

--

-

-

--

-

-

--

--

-

--

--

--

-

--

144

-

---

-

--

--

-

---

--

----

--

--

-

---

-

--

--

-

---

--

----

--

--

00145


Debt instruments

Debt instruments

LoansFinancial liabilities which fair value are disclosedInsurance contract liabilities - claims

Due to reinsurers

-

---

-

--

--

Total

-

---

--

----

--

--

Debt instruments

Debt instruments

LoansFinancial liabilities which fair value are disclosedInsurance contract liabilities - claims

Due to reinsurers

-

---

-

--

--

Total

-

---

--

----

--

--

00147


announced

31. Reclassification

148

-

-

-

-

-

-

-

-

-

00149



Other assets - others

Other liabilities - others


Revenues

Premium ceded to reinsurers

Contribution to the Office of Insurance Commission

-

-

-

-

-

-

-

-

-

6& 6 '4 7 svvz¸‚้อมูลรายงาน... · .'< 15 '6. + 6...

Documents