Page 178 - Demo

Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 202442Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023(%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 42Share of other comprehensive loss from investment in associates (8,639) (6,665) - -At 31 December 477,110 393,142 421,153 382,553 Type of business Country of operation Ownership interest Paid-up capital Cost At cost - net2024 2023 2024 2023 2024 2023 2024 2023 (%) (in thousand) (in thousand) (in thousand Baht)Associates Sovannaphum Life Assurance Public Company Limited Life insurance Cambodia 49.0 49.0 USD 16,500 USD 16,500 USD 8,085 USD 8,085 267,042 267,042Dara Insurance Public Company Limited Non-life insurance Cambodia 25.0 25.0 USD 8,000 USD 8,000 USD 2,000 USD 2,000 65,425 65,425ST-Muangthai Insurance Life and Non-lifeCompany Limited insurance Laos 22.5 22.5 LAK 60,727,240 LAK 60,727,240 LAK 13,663,629 LAK 13,663,629 50,086 50,086Naya Residence Company Limited Elderly care Thailand 40.0 - THB 65,000 - THB 26,000 - 26,000 -Livewell Living Company Limited Property Development Thailand 40.0 - THB 31,500 - THB 12,600 - 12,600 -Total 421,153 382,553 Ownership interest Paid-up capital Cost Type of business Country of operation At cost - net 2024 2024 2023 2023 2024 2024 2023 2023(in thousand Baht) (in thousand) (in thousand) (%)Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 2024On 9 August 2024, the Company purchased 40% of the share capital of Naya Residence Company Limited and Livewell Living Company Limited, amounting to Baht 38.6 million, which was accounted as associates. For the years ended 31 December 2024 and 2023, the Company did not receive dividend income from associates. None of the Company%u2019s associates are publicly listed and consequently do not have published price quotations.176 %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)