Page 117 - TLAA Annual Report 2024

THE THAI LIFE ASSURANCE ASSOCIATION.
NOTES TO FINANCIAL STATEMENT.

FOR THE YEAR ENDED JUNE 30, 2024

3.11 Significant accounting judgments and estimates.

To prepare the financial statements according to generally accepted accounting standards.
Management is required to exercise judgment in estimating and assuming several assumptions. This will affect

the amount of income, expenses, assets and liabilities. The disclosures about assets and liabilities that may be

incurred may result in actual results that may differ from those estimates.

Estimates and assumptions are reviewed regularly. Based on past experience and different factors.
Including future events that are expected to occur. The management has reasonable assurance, under

circumstances, that the estimates and assumptions used in the future are reasonable. As a result, accounting

estimates may not match the actual results. Estimates and underlying assumptions are depreciation of premises

and equipment. Amortization of intangible assets provision for long-term employee benefits Estimates on
various matters are disclosed in each of the relevant sections of these notes to financial statement

4. Cash in hand and cash equivalent.

Baht

2024 2023

Cash in hand 60,000.00 60,000.00
Current deposit 2,000.00 2,000.00

Saving deposit 25,180,878.02 44,285,504.53
Total cash in hand and cash equivalent. 25,242,878.02 44,347,504.53

Agreed and Accepted

(Mr. Sara Lamsam) (Mr. Sutti Rajitrangson)
TLAA President Treasurer

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