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Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202450Financial statements in which the equity method is applied and separate financial statements(Charged) / credited to:At 1 Other At 31January Profit or comprehensive December2023 loss income 2023(Note 22)(in thousand Baht)Deferred tax assetsLife policy reserves 3,093,521 (758,968) - 2,334,553Others 679,698 87,550 (5,802) 761,446Total 3,773,219 (671,418) (5,802) 3,095,999 Deferred tax liabilities Fair value changes on investments 884,546 112,631 (839,056) 158,121Others 851,925 (91,913) (319,522) 440,490Total 1,736,471 20,718 (1,158,578) 598,611 Net 2,036,748 (692,136) 1,152,776 2,497,388 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202450Financial statements in which the equity method is applied and separate financial statements(Charged) / credited to:At 1 Other At 31January Profit or comprehensive December2023 loss income 2023(Note 22)(in thousand Baht)Deferred tax assetsLife policy reserves 3,093,521 (758,968) - 2,334,553Others 679,698 87,550 (5,802) 761,446Total 3,773,219 (671,418) (5,802) 3,095,999 Deferred tax liabilities Fair value changes on investments 884,546 112,631 (839,056) 158,121Others 851,925 (91,913) (319,522) 440,490Total 1,736,471 20,718 (1,158,578) 598,611 Net 2,036,748 (692,136) 1,152,776 2,497,388 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202450Financial statements in which the equity method is applied and separate financial statements(Charged) / credited to:At 1 Other At 31January Profit or comprehensive December2023 loss income 2023(Note 22)(in thousand Baht)Deferred tax assetsLife policy reserves 3,093,521 (758,968) - 2,334,553Others 679,698 87,550 (5,802) 761,446Total 3,773,219 (671,418) (5,802) 3,095,999 Deferred tax liabilities Fair value changes on investments 884,546 112,631 (839,056) 158,121Others 851,925 (91,913) (319,522) 440,490Total 1,736,471 20,718 (1,158,578) 598,611 Net 2,036,748 (692,136) 1,152,776 2,497,388 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202450Financial statements in which the equity method is applied and separate financial statements(Charged) / credited to:At 1 Other At 31January Profit or comprehensive December2023 loss income 2023(Note 22)(in thousand Baht)Deferred tax assetsLife policy reserves 3,093,521 (758,968) - 2,334,553Others 679,698 87,550 (5,802) 761,446Total 3,773,219 (671,418) (5,802) 3,095,999 Deferred tax liabilities Fair value changes on investments 884,546 112,631 (839,056) 158,121Others 851,925 (91,913) (319,522) 440,490Total 1,736,471 20,718 (1,158,578) 598,611 Net 2,036,748 (692,136) 1,152,776 2,497,388 Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 2024(in thousand Baht)Financial statements in which the equity method is appliedand separate financial statements(Charged) / credited to:Profit orloss(Note 22)Other comprehensiveincomeAt 1 January2023At 31 December2023Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202450Financial statements in which the equity method is applied and separate financial statements(Charged) / credited to:At 1 Other At 31January Profit or comprehensive December2023 loss income 2023(Note 22)(in thousand Baht)Deferred tax assetsLife policy reserves 3,093,521 (758,968) - 2,334,553Others 679,698 87,550 (5,802) 761,446Total 3,773,219 (671,418) (5,802) 3,095,999 Deferred tax liabilities Fair value changes on investments 884,546 112,631 (839,056) 158,121Others 851,925 (91,913) (319,522) 440,490Total 1,736,471 20,718 (1,158,578) 598,611 Net 2,036,748 (692,136) 1,152,776 2,497,388 Annual Report 2024 I Muang Thai Life Assurance PCL 183

