Page 167 - Demo

29Total 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:Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Within due 3,104,199 3,301,255Overdue: Less than or equal to 30 days 60,683 55,72431 - 60 days 937 1,64161 - 90 days 20,238 1,55691 days - 1 year 5,034 10,243Over 1 year 591 220Total 3,191,682 3,370,639Less allowance for doubtful accounts (1,164) (3,618)Premiums due and uncollected, net 3,190,518 3,367,021 29Total 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:Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Within due 3,104,199 3,301,255Overdue: Less than or equal to 30 days 60,683 55,72431 - 60 days 937 1,64161 - 90 days 20,238 1,55691 days - 1 year 5,034 10,243Over 1 year 591 220Total 3,191,682 3,370,639Less allowance for doubtful accounts (1,164) (3,618)Premiums due and uncollected, net 3,190,518 3,367,021 Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 202429Highly 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:Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Within due 3,104,199 3,301,255Overdue: Less than or equal to 30 days 60,683 55,72431 - 60 days 937 1,64161 - 90 days 20,238 1,55691 days - 1 year 5,034 10,243Over 1 year 591 220Total 3,191,682 3,370,639Less allowance for doubtful accounts (1,164) (3,618)Premiums due and uncollected, net 3,190,518 3,367,021 29Total 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:Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Within due 3,104,199 3,301,255Overdue: Less than or equal to 30 days 60,683 55,72431 - 60 days 937 1,64161 - 90 days 20,238 1,55691 days - 1 year 5,034 10,243Over 1 year 591 220Total 3,191,682 3,370,639Less allowance for doubtful accounts (1,164) (3,618)Premiums due and uncollected, net 3,190,518 3,367,021 5 Premiums due and uncollected, net6 DerivativesFinancial statements in which the equity methodis applied and separate financial statements2024 2023(in thousand Baht)Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20246 Derivatives As at 31 December 2024 and 2023, the derivatives assets and liabilities were as follows:Derivatives for which hedge accounting has not been applied: Financial statements in which the equity method is applied and separate financial statements31 December 2024Loss on remeasurementNotional Fair value of derivativesType of contract Objectives value Assets Liabilities at fair value(in thousand Baht)Index option contractTo hedge against the risk of changes in fair value of an underlying index 4,075,358 213,664 - (46,092)Warrants To invest - - - (2,845) Foreign exchange forwardTo hedge against exchange rate risk from investmentsin a foreign currency 123,453 2,072 - (57,166)Total derivatives for which hedge accounting has not been applied 4,198,811 215,736 - (106,103) (in thousand Baht)Financial statements in which the equity methodis applied and separate financial statements31 December 2024Fair valueAssets LiabilitiesNotionalType of contract Objectives valueLoss on remeasurementof derivativesat fair valueAnnual Report 2024 I Muang Thai Life Assurance PCL 165