Page 179 - Demo

Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 2024 (in thousand Baht)Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limite2024 2023 2024 2023 2024 2023 2024 2023 2024 20(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 ng Thai Life Assurance Public Company Limited to the financial statements he year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)t from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -er comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -l comprehensive income (loss) 00%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -l comprehensive income (loss) the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -ent assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -ent liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -pany%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -dwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -ying amount of erest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company Limitedotes to the financial statements or the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limited2024 2023 2024 2023 2024 2023 2024 2023 2024 2023(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) -Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - -Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) -Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) -Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 -Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 -Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) -Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 -Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 -Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 -Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 - Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell LivingPublic Company Limited Public Company Limited Company Limited Company Limited Company Limite2024 2023 2024 2023 2024 2023 2024 2023 2024 20(in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 Muang Thai Life Assurance Public Company LimitedNotes to the financial statements For the year ended 31 December 202444Associates The following table summarises the financial information of the associates as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carryingamount of the Company%u2019s interest in these companies. Sovannaphum Life Assurance Dara Insurance ST-Muangthai Insurance Naya Residence Livewell Public Company Limited Public Company Limited Company Limited Company Limited Company 2024 2023 2024 2023 2024 2023 2024 2023 2024 (in thousand Baht)Profit from continuing operations 97,260 112,030 15,178 11,422 19,685 14,464 (3,875) - (811) Other comprehensive loss (11,333) (2,904) (2,614) (2,489) (10,809) (20,530) - - - Total comprehensive income (loss) (100%) 85,927 109,126 12,564 8,933 8,876 (6,066) (3,875) - (811) Total comprehensive income (loss) of the Company%u2019s ownership interest 42,104 53,471 3,141 2,233 1,997 (1,365) (1,550) - (324) Current assets 230,862 257,001 412,254 399,073 121,727 121,161 22,080 - 19,359 Non-current assets 1,972,673 1,907,915 25,639 27,784 331,888 257,600 56,411 - 422 Current liabilities (1,542,961) (1,590,270) (155,060) (156,590) (333,006) (267,029) (17,596) - (1,441) Net assets (100%) 660,574 574,646 282,833 270,267 120,609 111,732 60,895 - 18,340 Company%u2019s share of net assets 323,681 281,576 70,708 67,567 27,137 25,139 24,358 - 7,336 Goodwill - - 8,535 8,535 10,324 10,325 92 - 4,939 Carrying amount of interest in associate 323,681 281,576 79,243 76,102 37,461 35,464 24,450 - 12,275 Naya Residence Company LimitedST-Muangthai Insurance Company Limited Dara Insurance Public Company Limited Sovannaphum Life Assurance Public Company Limited Livewell Living Company Limited 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024Annual Report 2024 I Muang Thai Life Assurance PCL 177