Page 180 - 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 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).9 Loans and accrued interest, net(in thousand Baht)(in thousand Baht)Financial statements in which the equity methodis applied and separate financial statementsFinancial statements in which the equity methodis applied and separate financial statements20242023Mortgage loansMortgage loansStageStageOtherOtherTotalTotalMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024459 Loans and accrued interest, net As at 31 December 2024 and 2023, loans and accrued interest were classified as follows:Financial statements in which the equity method is applied and separate financial statements2024Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,608,190 1,693,887 5,302,077Loans - significant increase in credit risk (Stage 2) 807 - 807Loans - default / credit-impaired (Stage 3) 36,271 - 36,271Less Allowance for expected credit loss (106,320) - (106,320)Total 3,538,948 1,693,887 5,232,835 Policy loans 21,537,635Loans and accrued interest, net 26,770,470 Financial statements in which the equity method is applied and separate financial statements2023Stage Mortgage loans Other Total(in thousand Baht)Loans - no significant increase in credit risk (Stage 1) 3,295,072 669 3,295,741Loans - significant increase in credit risk (Stage 2) 2,454 - 2,454Loans - default / credit-impaired (Stage 3) 58,689 - 58,689Less Allowance for expected credit loss (104,121) - (104,121)Total 3,252,094 669 3,252,763 Policy loans 21,405,873Loans and accrued interest, net 24,658,636 The Company provided source of funds to structured entities which are not controlled by the Company and take the form of Real Estate Investment Trusts. The source of funds is a lending which is disbursed under normal business terms. These loans are managed in the same way as other loans and collateralised by assets of the structured entities. The outstanding loans to these structured entities as of 31 December 2024 amounted to Baht 1,570.0 million (2023: Baht 1,586.1 million).178 %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)