Page 166 - Demo

Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20244 Cash and cash equivalents Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Cash 862 866Deposits at banks - call deposits 2,014,177 2,575,297Highly liquid short-term investments 8,616,333 5,480,242Total 10,631,372 8,056,405 As at 31 December 2024 and 2023, the currency denomination of cash and cash equivalents was entirely in Baht.As at 31 December 2024, the Company has pledged fixed deposits amounting to Baht 7.5 million (2023: Baht 8.4 million) as a collateral for electricity. 5 Premiums due and uncollected, net As at 31 December 2024 and 2023, the balance of premiums due and uncollected were aged as follows:Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20244 Cash and cash equivalents Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Cash 862 866Deposits at banks - call deposits 2,014,177 2,575,297Highly liquid short-term investments 8,616,333 5,480,242Total 10,631,372 8,056,405 As at 31 December 2024 and 2023, the currency denomination of cash and cash equivalents was entirely in Baht.As at 31 December 2024, the Company has pledged fixed deposits amounting to Baht 7.5 million (2023: Baht 8.4 million) as a collateral for electricity. 5 Premiums due and uncollected, net As at 31 December 2024 and 2023, the balance of premiums due and uncollected were aged as follows:Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 2024Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202428Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The measurement of deferred tax reflects the tax consequences that would follow the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when theyare reversed, using tax rates enacted or substantively enacted at the reporting date. In determining the amount of current and deferred tax, the Company takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Company believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Company to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the period that such a determination is made.Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognise a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plan for the Company. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realised. (x) Related parties Related parties are a person or entity that has direct or indirect control or joint control, or has significant influence over the financial and managerial decision-making of the Company; a person or entity that are under common control or under the same significant influence as the Company; or the Company has direct or indirect control or joint control or has significant influence over the financial and managerial decision-making of a person or entity. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20244 Cash and cash equivalents Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Cash 862 866Deposits at banks - call deposits 2,014,177 2,575,297Highly liquid short-term investments 8,616,333 5,480,242Total 10,631,372 8,056,405 As at 31 December 2024 and 2023, the currency denomination of cash and cash equivalents was entirely in Baht.As at 31 December 2024, the Company has pledged fixed deposits amounting to Baht 7.5 million (2023: Baht 8.4 million) as a collateral for electricity. 5 Premiums due and uncollected, net As at 31 December 2024 and 2023, the balance of premiums due and uncollected were aged as follows:Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20244 Cash and cash equivalents Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Cash 862 866Deposits at banks - call deposits 2,014,177 2,575,297Highly liquid short-term investments 8,616,333 5,480,242Total 10,631,372 8,056,405 As at 31 December 2024 and 2023, the currency denomination of cash and cash equivalents was entirely in Baht.As at 31 December 2024, the Company has pledged fixed deposits amounting to Baht 7.5 million (2023: Baht 8.4 million) as a collateral for electricity. 5 Premiums due and uncollected, net As at 31 December 2024 and 2023, the balance of premiums due and uncollected were aged as follows:4 Cash and cash equivalentsFinancial statements in which the equity methodis applied and separate financial statements2024 2023(in thousand Baht)164 %u0e23%u0e32%u0e22%u0e07%u0e32%u0e19%u0e1b%u0e23%u0e30%u0e08%u0e33%u0e33%u0e1b%u0e35%u0e35 2567 I %u0e1a%u0e23%u0e34%u0e34%u0e29%u0e31%u0e31%u0e17 %u0e40%u0e21%u0e37%u0e37%u0e2d%u0e07%u0e44%u0e17%u0e22%u0e1b%u0e23%u0e30%u0e01%u0e31%u0e31%u0e19%u0e0a%u0e35%u0e35%u0e27%u0e34%u0e34%u0e15 %u0e08%u0e33%u0e33%u0e01%u0e31%u0e31%u0e14 (%u0e21%u0e2b%u0e32%u0e0a%u0e19)