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Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 2024(in thousand Baht)(in thousand Baht)Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202434The following table shows the cash flow hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity mand separate financial statem31 December 2024Change in fair value used The carrying amount Amount for calculating of cash flow hedge reclassified from hedge reserve cash flow hedge ineffectiveness at the end of reserve to for the year the reporting period profit or loss (in thousand Baht)As at 31 December 2024Hedging instrument on exchange rate risk from investments in a foreign currency- Cross currency swap contract 3,405,296 3,836,514 1,918,995 Hedging instrument on reinvestment risk- Bond forward contract 54,940 219,907 (66,843)Total cash flow hedge 3,460,236 4,056,421 1,852,152 Public Company Limited202434w hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity method is appliedand separate financial statements31 December 2024Change in Change infair value used The carrying amount Amount fair value of Hedgedfor calculating of cash flow hedge reclassified from hedging ineffectivenesshedge reserve cash flow hedge instrument recognised in theineffectiveness at the end of reserve to recognised statement offor the year the reporting period profit or loss in OCI profit or loss(in thousand Baht)risk cy3,405,296 3,836,514 1,918,995 3,434,004 (28,708)isk54,940 219,907 (66,843) 54,940 -3,460,236 4,056,421 1,852,152 3,488,944 (28,708) Public Company Limited02434 hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity method is appliedand separate financial statements31 December 2024Change in Change infair value used The carrying amount Amount fair value of Hedgedfor calculating of cash flow hedge reclassified from hedging ineffectivenesshedge reserve cash flow hedge instrument recognised in theineffectiveness at the end of reserve to recognised statement offor the year the reporting period profit or loss in OCI profit or loss(in thousand Baht)sk y3,405,296 3,836,514 1,918,995 3,434,004 (28,708)k54,940 219,907 (66,843) 54,940 -3,460,236 4,056,421 1,852,152 3,488,944 (28,708) Public Company Limited202434w hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity method is appliedand separate financial statements31 December 2024Change in Change infair value used The carrying amount Amount fair value of Hedgedfor calculating of cash flow hedge reclassified from hedging ineffectivenesshedge reserve cash flow hedge instrument recognised in theineffectiveness at the end of reserve to recognised statement offor the year the reporting period profit or loss in OCI profit or loss(in thousand Baht)risk cy3,405,296 3,836,514 1,918,995 3,434,004 (28,708)isk54,940 219,907 (66,843) 54,940 -3,460,236 4,056,421 1,852,152 3,488,944 (28,708) fe Assurance Public Company Limitedcial statementsd 31 December 202434e shows the cash flow hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity method is appliedand separate financial statements31 December 2024Change in Change infair value used The carrying amount Amount fair value of Hedgedfor calculating of cash flow hedge reclassified from hedging ineffectivenehedge reserve cash flow hedge instrument recognised in tineffectiveness at the end of reserve to recognised statement ofor the year the reporting period profit or loss in OCI profit or loss(in thousand Baht)er 2024ent on exchange rate risk nts in a foreign currencywap contract 3,405,296 3,836,514 1,918,995 3,434,004 (28ent on reinvestment riskontract 54,940 219,907 (66,843) 54,940 edge 3,460,236 4,056,421 1,852,152 3,488,944 (28ai Life Assurance Public Company Limitedinancial statementsended 31 December 202434g table shows the cash flow hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity method is appliedand separate financial statements31 December 2024Change in Change infair value used The carrying amount Amount fair value of Hedfor calculating of cash flow hedge reclassified from hedging ineffecthedge reserve cash flow hedge instrument recognisineffectiveness at the end of reserve to recognised statemfor the year the reporting period profit or loss in OCI profit (in thousand Baht)cember 2024strument on exchange rate risk stments in a foreign currencyency swap contract 3,405,296 3,836,514 1,918,995 3,434,004 strument on reinvestment riskward contract 54,940 219,907 (66,843) 54,940 flow hedge 3,460,236 4,056,421 1,852,152 3,488,944 g Thai Life Assurance Public Company Limitedo the financial statements year ended 31 December 202434 following table shows the cash flow hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity method is appliedand separate financial statements31 December 2024Change in Change infair value used The carrying amount Amount fair value of for calculating of cash flow hedge reclassified from hedging hedge reserve cash flow hedge instrument rineffectiveness at the end of reserve to recognised for the year the reporting period profit or loss in OCI (in thousand Baht) at 31 December 2024dging instrument on exchange rate risk rom investments in a foreign currencyross currency swap contract 3,405,296 3,836,514 1,918,995 3,434,004 dging instrument on reinvestment riskond forward contract 54,940 219,907 (66,843) 54,940 tal cash flow hedge 3,460,236 4,056,421 1,852,152 3,488,944 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202434The following table shows the cash flow hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity method is appliedand separate financial statements31 December 2024Change in Change infair value used The carrying amount Amount fair value of for calculating of cash flow hedge reclassified from hedging hedge reserve cash flow hedge instrument ineffectiveness at the end of reserve to recognised for the year the reporting period profit or loss in OCI (in thousand Baht)As at 31 December 2024Hedging instrument on exchange rate risk from investments in a foreign currency- Cross currency swap contract 3,405,296 3,836,514 1,918,995 3,434,004 Hedging instrument on reinvestment risk- Bond forward contract 54,940 219,907 (66,843) 54,940 Total cash flow hedge 3,460,236 4,056,421 1,852,152 3,488,944 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202434The following table shows the cash flow hedge accounting impact on profit or loss and other comprehensive income:Financial statements in which the equity and separate financial statem31 December 2024Change in fair value used The carrying amount Amount for calculating of cash flow hedge reclassified from hedge reserve cash flow hedge ineffectiveness at the end of reserve to for the year the reporting period profit or loss (in thousand Baht)As at 31 December 2024Hedging instrument on exchange rate risk from investments in a foreign currency- Cross currency swap contract 3,405,296 3,836,514 1,918,995 Hedging instrument on reinvestment risk- Bond forward contract 54,940 219,907 (66,843)Total cash flow hedge 3,460,236 4,056,421 1,852,152 Financial statements in which the equity method is appliedand separate financial statementsFinancial statements in which the equity method is appliedand separate financial statements31 December 202431 December 2023Change infair value usedfor calculatinghedgeineffectiveness for the yearChange infair value usedfor calculatinghedgeineffectiveness for the yearThe carrying amount of cash flow hedge reserve at the end of thereporting periodThe carrying amount of cash flow hedge reserve at the end of thereporting periodAmountreclassified from cash flow hedge reserve to profit or lossAmountreclassified from cash flow hedge reserve to profit or lossChange in fair value ofhedginginstrumentrecognisedin OCIChange in fair value ofhedginginstrumentrecognisedin OCIHedgedineffectivenessrecognised in the statement of profit or lossHedgedineffectivenessrecognised in the statement of profit or lossMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202435Financial statements in which the equity mand separate financial statem31 December 2023Change in fair value used The carrying amount Amount for calculating of cash flow hedge reclassified from hedge reserve cash flow hedge ineffectiveness at the end of reserve to for the year the reporting period profit or loss (in thousand Baht)As at 31 December 2023Hedging instrument on exchange rate risk from investments in a foreign currency- Cross currency swap contract (1,366,359) 2,321,505 (101,425) Hedging instrument on reinvestment risk- Bond forward contract (61,244) 98,124 (44,098)Total cash flow hedge (1,427,603) 2,419,629 (145,523) The main sources of ineffectiveness for cash flow hedges is the differences in timing of cash flows of the hedgeditems and hedging instruments.ce Public Company Limitedntser 202435Financial statements in which the equity method is appliedand separate financial statements31 December 2023Change in Change infair value used The carrying amount Amount fair value of Hedgedfor calculating of cash flow hedge reclassified from hedging ineffectivenesshedge reserve cash flow hedge instrument recognised in theineffectiveness at the end of reserve to recognised statement offor the year the reporting period profit or loss in OCI profit or loss(in thousand Baht)rate risk rrency(1,366,359) 2,321,505 (101,425) (1,406,506) 40,147ent risk(61,244) 98,124 (44,098) (61,244) -(1,427,603) 2,419,629 (145,523) (1,467,750) 40,147 ess for cash flow hedges is the differences in timing of cash flows of the hedgedfe Assurance Public Company Limitedcial statementsd 31 December 202435Financial statements in which the equity method is appliedand separate financial statements31 December 2023Change in Change infair value used The carrying amount Amount fair value of Hedgedfor calculating of cash flow hedge reclassified from hedging ineffectiveneshedge reserve cash flow hedge instrument recognised in tineffectiveness at the end of reserve to recognised statement ofor the year the reporting period profit or loss in OCI profit or loss(in thousand Baht)er 2023ent on exchange rate risk ts in a foreign currencywap contract (1,366,359) 2,321,505 (101,425) (1,406,506) 40,147ent on reinvestment riskontract (61,244) 98,124 (44,098) (61,244) -edge (1,427,603) 2,419,629 (145,523) (1,467,750) 40,147s of ineffectiveness for cash flow hedges is the differences in timing of cash flows of the hedgedng instruments.hai Life Assurance Public Company Limited financial statementsr ended 31 December 202435Financial statements in which the equity method is appliedand separate financial statements31 December 2023Change in Change infair value used The carrying amount Amount fair value of Hefor calculating of cash flow hedge reclassified from hedging ineffehedge reserve cash flow hedge instrument recognineffectiveness at the end of reserve to recognised statefor the year the reporting period profit or loss in OCI prof(in thousand Baht)December 2023instrument on exchange rate risk vestments in a foreign currencyrrency swap contract (1,366,359) 2,321,505 (101,425) (1,406,506) instrument on reinvestment riskrward contract (61,244) 98,124 (44,098) (61,244) h flow hedge (1,427,603) 2,419,629 (145,523) (1,467,750) sources of ineffectiveness for cash flow hedges is the differences in timing of cash flows of the hedgedd hedging instruments.ang Thai Life Assurance Public Company Limiteds to the financial statementshe year ended 31 December 202435Financial statements in which the equity method is appliedand separate financial statements31 December 2023Change in Change infair value used The carrying amount Amount fair value of for calculating of cash flow hedge reclassified from hedging hedge reserve cash flow hedge instrument ineffectiveness at the end of reserve to recognised for the year the reporting period profit or loss in OCI (in thousand Baht)As at 31 December 2023Hedging instrument on exchange rate risk from investments in a foreign currency- Cross currency swap contract (1,366,359) 2,321,505 (101,425) (1,406,506) Hedging instrument on reinvestment risk- Bond forward contract (61,244) 98,124 (44,098) (61,244) Total cash flow hedge (1,427,603) 2,419,629 (145,523) (1,467,750) The main sources of ineffectiveness for cash flow hedges is the differences in timing of cash flows of the hedgeditems and hedging instruments.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202435Financial statements in which the equity method is applieand separate financial statements31 December 2023Change in Change infair value used The carrying amount Amount fair value of for calculating of cash flow hedge reclassified from hedging hedge reserve cash flow hedge instrument ineffectiveness at the end of reserve to recognised for the year the reporting period profit or loss in OCI (in thousand Baht)As at 31 December 2023Hedging instrument on exchange rate risk from investments in a foreign currency- Cross currency swap contract (1,366,359) 2,321,505 (101,425) (1,406,506) Hedging instrument on reinvestment risk- Bond forward contract (61,244) 98,124 (44,098) (61,244) Total cash flow hedge (1,427,603) 2,419,629 (145,523) (1,467,750) The main sources of ineffectiveness for cash flow hedges is the differences in timing of cash flows of the hedgeditems and hedging instruments.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202435Financial statements in which the equity mand separate financial statem31 December 2023Change in fair value used The carrying amount Amount for calculating of cash flow hedge reclassified from hedge reserve cash flow hedge ineffectiveness at the end of reserve to for the year the reporting period profit or loss (in thousand Baht)As at 31 December 2023Hedging instrument on exchange rate risk from investments in a foreign currency- Cross currency swap contract (1,366,359) 2,321,505 (101,425) Hedging instrument on reinvestment risk- Bond forward contract (61,244) 98,124 (44,098)Total cash flow hedge (1,427,603) 2,419,629 (145,523) The main sources of ineffectiveness for cash flow hedges is the differences in timing of cash flows of the hedgeditems and hedging instruments.Annual Report 2024 I Muang Thai Life Assurance PCL 169