Page 177 - Demo

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 2024417.5 Disclosure on fair value of debt securities for each class as follo Classification of financial assets Fair value as at 31 December 2024 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows fromfinancial assets at the defined date are solely paymentof principal and interest, excluding financial assets meetthe definition of held for trading in accordance withThai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 518,594,310 31,561,509Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 15,902,995 3,247,887Financial assets held for trading 368,948 98,622 Classification of financial assets Fair value as at 31 December 2023 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows from financial assets at the defined date are solely payment of principal and interest, excluding financial assets meet the definition of held for trading in accordance with Thai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 487,032,800 23,236,468Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 12,655,108 (1,111,303)Financial assets held for trading 270,327 37,321Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024417.5 Disclosure on fair value of debt securities for each class as follo Classification of financial assets Fair value as at 31 December 2024 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows fromfinancial assets at the defined date are solely paymentof principal and interest, excluding financial assets meetthe definition of held for trading in accordance withThai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 518,594,310 31,561,509Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 15,902,995 3,247,887Financial assets held for trading 368,948 98,622 Classification of financial assets Fair value as at 31 December 2023 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows from financial assets at the defined date are solely payment of principal and interest, excluding financial assets meet the definition of held for trading in accordance with Thai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 487,032,800 23,236,468Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 12,655,108 (1,111,303)Financial assets held for trading 270,327 37,321Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024417.5 Disclosure on fair value of debt securities for each class as follo Classification of financial assets Fair value as at 31 December 2024 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows fromfinancial assets at the defined date are solely paymentof principal and interest, excluding financial assets meetthe definition of held for trading in accordance withThai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 518,594,310 31,561,509Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 15,902,995 3,247,887Financial assets held for trading 368,948 98,622 Classification of financial assets Fair value as at 31 December 2023 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows from financial assets at the defined date are solely payment of principal and interest, excluding financial assets meet the definition of held for trading in accordance with Thai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 487,032,800 23,236,468Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 12,655,108 (1,111,303)Financial assets held for trading 270,327 37,321Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024417.5 Disclosure on fair value of debt securities for each class as follo Classification of financial assets Fair value as at 31 December 2024 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows fromfinancial assets at the defined date are solely paymentof principal and interest, excluding financial assets meetthe definition of held for trading in accordance withThai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 518,594,310 31,561,509Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 15,902,995 3,247,887Financial assets held for trading 368,948 98,622 Classification of financial assets Fair value as at 31 December 2023 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows from financial assets at the defined date are solely payment of principal and interest, excluding financial assets meet the definition of held for trading in accordance with Thai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 487,032,800 23,236,468Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 12,655,108 (1,111,303)Financial assets held for trading 270,327 37,321Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024417.5 Disclosure on fair value of debt securities for each class as follo Classification of financial assets Fair value as at 31 December 2024 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows fromfinancial assets at the defined date are solely paymentof principal and interest, excluding financial assets meetthe definition of held for trading in accordance withThai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 518,594,310 31,561,509Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 15,902,995 3,247,887Financial assets held for trading 368,948 98,622 Classification of financial assets Fair value as at 31 December 2023 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows from financial assets at the defined date are solely payment of principal and interest, excluding financial assets meet the definition of held for trading in accordance with Thai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 487,032,800 23,236,468Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 12,655,108 (1,111,303)Financial assets held for trading 270,327 37,321Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024417.5 Disclosure on fair value of debt securities for each class as follo Classification of financial assets Fair value as at 31 December 2024 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows fromfinancial assets at the defined date are solely paymentof principal and interest, excluding financial assets meetthe definition of held for trading in accordance withThai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 518,594,310 31,561,509Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 15,902,995 3,247,887Financial assets held for trading 368,948 98,622 Classification of financial assets Fair value as at 31 December 2023 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows from financial assets at the defined date are solely payment of principal and interest, excluding financial assets meet the definition of held for trading in accordance with Thai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 487,032,800 23,236,468Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 12,655,108 (1,111,303)Financial assets held for trading 270,327 37,321Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024417.5 Disclosure on fair value of debt securities for each class as follo Classification of financial assets Fair value as at 31 December 2024 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows fromfinancial assets at the defined date are solely paymentof principal and interest, excluding financial assets meetthe definition of held for trading in accordance withThai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 518,594,310 31,561,509Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 15,902,995 3,247,887Financial assets held for trading 368,948 98,622 Classification of financial assets Fair value as at 31 December 2023 Fair value changes during the year (in thousand Baht) Financial assets which the contractual cash flows from financial assets at the defined date are solely payment of principal and interest, excluding financial assets meet the definition of held for trading in accordance with Thai Financial Reporting Standards: TFRS 9 or that the Company manages and evaluates on a fair value basis. 487,032,800 23,236,468Contractual cash flows from financial assets at the defined date are not solely payment of principal and interest. 12,655,108 (1,111,303)Financial assets held for trading 270,327 37,321(in thousand Baht)(in thousand Baht)(in thousand Baht)Classification of financial assetsClassification of financial assetsFair value as at 31 December 2024Fair value as at 31 December 2023Fair value changes during the yearFair value changes during the year8 Investment in associatesMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20248 Investment in associates Financial statements in which the equity method is applied 2024 2023 (in thousaAt 1 January 393,142 338,803 Addition 38,600 - Net share of income from investment in associates 54,007 61,004Share of other comprehensive loss from investment in associates (8,639) (6,665) At 31 December 477,110 393,142 Type of business Country of operation Ownershipinterest Paid-up capital 2024 2023 2024 2023 202 (%) (in thousand) Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,0Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,0ST-Muangthai Insurance Life and Non-lifeublic Company Limited24Financial statements in which the equity method is applied Separate financial statements 2024 2023 2024 2023(in thousand Baht)393,142 338,803 382,553 382,55338,600 - 38,600 -54,007 61,004- -(8,639) (6,665) - -477,110 393,142 421,153 382,553 Country of operation Ownershipinterest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023(%) (in thousand) (in thousand) (in thousand Baht)Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ublic Company Limited24Financial statements in which the equity method is applied Separate financial statements 2024 2023 2024 2023(in thousand Baht)393,142 338,803 382,553 382,55338,600 - 38,600 -54,007 61,004- -(8,639) (6,665) - -477,110 393,142 421,153 382,553 Country of operation Ownershipinterest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023(%) (in thousand) (in thousand) (in thousand Baht)Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ublic Company Limited24Financial statements in which the equity method is applied Separate financial statements 2024 2023 2024 2023(in thousand Baht)393,142 338,803 382,553 382,55338,600 - 38,600 -54,007 61,004- -(8,639) (6,665) - -477,110 393,142 421,153 382,553 Country of operation Ownershipinterest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023(%) (in thousand) (in thousand) (in thousand Baht)Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425rance Public Company Limitedementsember 2024Financial statements in which the equity method is applied Separate financial statements 2024 2023 2024 2023(in thousand Baht)393,142 338,803 382,553 382,55338,600 - 38,600 - investment 54,007 61,004- -nsive loss ciates (8,639) (6,665) - -477,110 393,142 421,153 382,553 of business Country of operation Ownershipinterest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023(%) (in thousand) (in thousand) (in thousand Baht)e insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,0life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,4and Non-liferance Public Company Limitedementsember 2024Financial statements in which the equity method is applied Separate financial statements 2024 2023 2024 2023(in thousand Baht)393,142 338,803 382,553 382,55338,600 - 38,600 - investment 54,007 61,004- -nsive loss ciates (8,639) (6,665) - -477,110 393,142 421,153 382,553 of business Country of operation Ownershipinterest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023(%) (in thousand) (in thousand) (in thousand Baht)e insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,0life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,4rance Public Company Limitedementsember 2024Financial statements in which the equity method is applied Separate financial statements 2024 2023 2024 2023(in thousand Baht)393,142 338,803 382,553 382,55338,600 - 38,600 - investment 54,007 61,004- -nsive loss ciates (8,639) (6,665) - -477,110 393,142 421,153 382,553 of business Country of operation Ownershipinterest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023(%) (in thousand) (in thousand) (in thousand Baht)e insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,0life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,4and Non-lifefe Assurance Public Company Limitedcial statementsd 31 December 2024ssociates Financial statements in which the equity method is applied Separate financial statements 2024 2023 2024 2023(in thousand Baht)393,142 338,803 382,553 3838,600 - 38,600 come from investment 54,007 61,004- comprehensive loss ent in associates (8,639) (6,665) - er 477,110 393,142 421,153 38Type of business Country of operation Ownershipinterest Paid-up capital Cost At co2024 2023 2024 2023 2024 2023 2024 (%) (in thousand) (in thousand) (in thousce Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 Life and Non-life Thai Life Assurance Public Company Limited the financial statementsyear ended 31 December 2024estment in associates Financial statements in which the equity method is applied Separate financial 2024 2023 2024 (in thousand Baht)1 January 393,142 338,803 382,553 dition 38,600 - 38,600 et share of income from investment n associates 54,007 61,004- are of other comprehensive loss from investment in associates (8,639) (6,665) - 31 December 477,110 393,142 421,153 Type of business Country of operation Ownershipinterest Paid-up capital Cost 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) m Life Assurance pany Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 cepany Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 ai Insurance Life and Non-lifeFinancial statements in which the equity method is applied Separate financial statements2024 2023 2024 2023Annual Report 2024 I Muang Thai Life Assurance PCL 175