Page 189 - Demo

54Gross amountsoffsetted infinancialstatementspresented infinancialstatementsNet 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) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 3,556,306 - 3,556,306 837,927 2,372,000 346,379Other assets 75,000 - 75,000 23,894 - 51,106Total 3,631,306 - 3,631,306 861,821 2,372,000 397,485 54Gross amountsoffsetted infinancialstatementspresented infinancialstatementsNet 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) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 3,556,306 - 3,556,306 837,927 2,372,000 346,379Other assets 75,000 - 75,000 23,894 - 51,106Total 3,631,306 - 3,631,306 861,821 2,372,000 397,485 54Gross amountsoffsetted infinancialstatementspresented infinancialstatementsNet 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) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 3,556,306 - 3,556,306 837,927 2,372,000 346,379Other assets 75,000 - 75,000 23,894 - 51,106Total 3,631,306 - 3,631,306 861,821 2,372,000 397,485 54Gross amountsoffsetted infinancialstatementspresented infinancialstatementsNet 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) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 3,556,306 - 3,556,306 837,927 2,372,000 346,379Other assets 75,000 - 75,000 23,894 - 51,106Total 3,631,306 - 3,631,306 861,821 2,372,000 397,485 54Gross amountsoffsetted infinancialstatementspresented infinancialstatementsNet 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) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 3,556,306 - 3,556,306 837,927 2,372,000 346,379Other assets 75,000 - 75,000 23,894 - 51,106Total 3,631,306 - 3,631,306 861,821 2,372,000 397,485 54Gross amountsoffsetted infinancialstatementspresented infinancialstatementsNet 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) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 3,556,306 - 3,556,306 837,927 2,372,000 346,379Other assets 75,000 - 75,000 23,894 - 51,106Total 3,631,306 - 3,631,306 861,821 2,372,000 397,485 Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 202417 Legal reserve54Gross amountsoffsetted infinancialstatementspresented infinancialstatementsNet 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) Gross amountsAmountsoffsetted infinancialstatementsNet amountspresented infinancialstatementsAmounts not offsettedin financial statementsNet amountsFinancialinstrumentsCashcollateralreceivedFinancial assets Derivative assets 3,556,306 - 3,556,306 837,927 2,372,000 346,379Other assets 75,000 - 75,000 23,894 - 51,106Total 3,631,306 - 3,631,306 861,821 2,372,000 397,485 (in thousand Baht)Financial statements in which the equity method is appliedand separate financial statements2023Amounts not offsettedin financial statementsFinancialinstrumentsCash collateralreceivedGross amountsNet amountspresented infinancialstatementsNet amountsAmountsoffsetted infinancialstatementsMuang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202417 Legal reserve Appropriations of retained earnings Legal reserve Section 116 of the Public Companies Act B.E. 2535 requires that a public company shall allocate not less than 5% of its annual net profit, less any accumulated losses brought forward (if any), to a reserve account (%u201clegal reserve%u201d), until this account reaches an amount not less than 10% of the registered authorised capital. The legal reserve is not available for dividend distribution. Other reserve The other reserve was appropriated according to the resolution of shareholders for the Company%u2019s general purposes.Other components of equity Fair value changes The fair value changes account within equity comprises the cumulative net change in the fair value of availablefor-sale financial assets until the investments are derecognised or impaired. Hedging reserve The hedging reserve comprises the effective portion of the cumulative net change in the fair value of hedging instruments used in cash flow hedges pending subsequent recognition in profit or loss.Movements in reserves Movements in reserves are shown in the statement of changes in equity.18 Net investment income Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Interest income 19,750,751 19,521,699Dividend income 2,578,086 2,386,913Operating lease rental income of investment propertiesdth413246279725Annual Report 2024 I Muang Thai Life Assurance PCL 187