Page 188 - Demo

Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCashMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCashMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCashMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCashMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCashMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCashMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 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 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20245314 Debts issued and borrowings Financial statements in which the equity method is applied and separate financial statements Interest 31 December 31 DecemberCurrency rates Maturity 2024 2023(% per annum) (in thousand Baht)Subordinated instruments intended to qualify as Tier 2 capital of the Company USD 3.552 2037 10,224,181 10,285,538 15 Other liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023(in thousand Baht)Collateral for credit support annex contracts 5,644,000 2,372,000Accrued commission and brokerage expenses 1,304,179 560,734Accrued expenses 681,658 740,549Accounts payable for purchasing securities 643,395 198,507Agent deposit 369,952 344,802Lease liabilities 185,847 195,710Others 1,387,166 1,391,229Total 10,216,197 5,803,531 14 Debts issued and borrowings15 Other liabilities16 Offsetting financial assets and financial liabilities (% per annum) (in thousand Baht)Financial statements in which the equity method is applied and separate financial statementsMaturity 31 December 2024Interest Currency rates 31 December 2023Financial statements in which the equity methodis applied and separate financial statements2024 2023(in thousand Baht)Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCashMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202416 Offsetting financial assets and financial liabilities Offsetting of financial assets and financial liabilities as at 31 December 2024 and 2023 are as follows:Financial statements in which the equity method is applied and separate financial statements2024(in thousand Baht) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 6,223,074 - 6,223,074 205,548 5,644,000 373,526Other assets 1,693,000 - 1,693,000 - 1,514 1,691,486Total 7,916,074 - 7,916,074 205,548 5,645,514 2,065,012 Financial statements in which the equity method is applied and separate financial statements2023(in thousand Baht) AmountsoffsettedinNet amountspresentedinAmounts not offsettedin financial statementsCash(in thousand Baht)Financial statements in which the equity method is appliedand separate financial statements2024Amounts not offsettedin financial statementsFinancialinstrumentsCash collateralreceivedGross amountsNet amountspresented infinancialstatementsNet amountsAmountsoffsetted infinancialstatements186 %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)