Page 190 - Demo

Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202419 Operating expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Employee expenses 2,936,468 2,810,121Premises and equipment expenses 1,512,690 1,512,839Tax and duties 79,327 70,755Bad debt and doubtful debt expenses 27,536 3,539Other operating expenses 368,622 509,296Total 4,924,643 4,906,550 20 Employee expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Included in benefit payments and insurance claims 182,611 157,578Included in other underwriting expenses 162,799 161,134Included in operating expenses 2,936,468 2,810,121Total 3,281,878 3,128,833 21 Expected credit loss and impairment losses on investments (reversal) Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Debt securities measured at amortised cost 211,061 303,316Debt securities measured at FVTOCI (619) (1,376)Equity securities measured at FVTOCI 44,618 18,759Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202419 Operating expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Employee expenses 2,936,468 2,810,121Premises and equipment expenses 1,512,690 1,512,839Tax and duties 79,327 70,755Bad debt and doubtful debt expenses 27,536 3,539Other operating expenses 368,622 509,296Total 4,924,643 4,906,550 20 Employee expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Included in benefit payments and insurance claims 182,611 157,578Included in other underwriting expenses 162,799 161,134Included in operating expenses 2,936,468 2,810,121Total 3,281,878 3,128,833 21 Expected credit loss and impairment losses on investments (reversal) Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Debt securities measured at amortised cost 211,061 303,316Debt securities measured at FVTOCI (619) (1,376)Equity securities measured at FVTOCI 44,618 18,759Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202419 Operating expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Employee expenses 2,936,468 2,810,121Premises and equipment expenses 1,512,690 1,512,839Tax and duties 79,327 70,755Bad debt and doubtful debt expenses 27,536 3,539Other operating expenses 368,622 509,296Total 4,924,643 4,906,550 20 Employee expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Included in benefit payments and insurance claims 182,611 157,578Included in other underwriting expenses 162,799 161,134Included in operating expenses 2,936,468 2,810,121Total 3,281,878 3,128,833 21 Expected credit loss and impairment losses on investments (reversal) Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Debt securities measured at amortised cost 211,061 303,316Debt securities measured at FVTOCI (619) (1,376)Equity securities measured at FVTOCI 44,618 18,759Loans and accrued interest 2,200 (32,468)Otherassets64258492Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202419 Operating expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Employee expenses 2,936,468 2,810,121Premises and equipment expenses 1,512,690 1,512,839Tax and duties 79,327 70,755Bad debt and doubtful debt expenses 27,536 3,539Other operating expenses 368,622 509,296Total 4,924,643 4,906,550 20 Employee expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Included in benefit payments and insurance claims 182,611 157,578Included in other underwriting expenses 162,799 161,134Included in operating expenses 2,936,468 2,810,121Total 3,281,878 3,128,833 21 Expected credit loss and impairment losses on investments (reversal) Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Debt securities measured at amortised cost 211,061 303,316Debt securities measured at FVTOCI (619) (1,376)Equity securities measured at FVTOCI 44,618 18,759Loans and accrued interest 2,200 (32,468)Otherassets6425849255Hedging 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 properties and others 413,246 279,725Total 22,742,083 22,188,337 Investment expenses (1,487,106) (1,419,555)Total net investment income 21,254,977 20,768,782 55Hedging 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 properties and others 413,246 279,725Total 22,742,083 22,188,337 Investment expenses (1,487,106) (1,419,555)Total net investment income 21,254,977 20,768,782 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 202419 Operating expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Employee expenses 2,936,468 2,810,121Premises and equipment expenses 1,512,690 1,512,839Tax and duties 79,327 70,755Bad debt and doubtful debt expenses 27,536 3,539Other operating expenses 368,622 509,296Total 4,924,643 4,906,550 20 Employee expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Included in benefit payments and insurance claims 182,611 157,578Included in other underwriting expenses 162,799 161,134Included in operating expenses 2,936,468 2,810,121Total 3,281,878 3,128,833 21 Expected credit loss and impairment losses on investments (reversal) Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Debt securities measured at amortised cost 211,061 303,316Debt securities measured at FVTOCI (619) (1,376)Equity securities measured at FVTOCI 44,618 18,759Loans and accrued interest 2,200 (32,468)Otherassets64258492Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202419 Operating expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Employee expenses 2,936,468 2,810,121Premises and equipment expenses 1,512,690 1,512,839Tax and duties 79,327 70,755Bad debt and doubtful debt expenses 27,536 3,539Other operating expenses 368,622 509,296Total 4,924,643 4,906,550 20 Employee expenses Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Included in benefit payments and insurance claims 182,611 157,578Included in other underwriting expenses 162,799 161,134Included in operating expenses 2,936,468 2,810,121Total 3,281,878 3,128,833 21 Expected credit loss and impairment losses on investments (reversal) Financial statements in which the equity method is applied and separate financial statements For the year ended 31 December 2024 2023 (in thousand Baht)Debt securities measured at amortised cost 211,061 303,316Debt securities measured at FVTOCI (619) (1,376)Equity securities measured at FVTOCI 44,618 18,75955Hedging 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 properties and others 413,246 279,725Total 22,742,083 22,188,337 Investment expenses (1,487,106) (1,419,555)Total net investment income 21,254,977 20,768,782 18 Net investment income19 Operating expenses20 Employee expenses Financial statements in which the equity methodis applied and separate financial statementsFinancial statements in which the equity methodis applied and separate financial statementsFinancial statements in which the equity methodis applied and separate financial statements202420242024202320232023(in thousand Baht)(in thousand Baht)(in thousand Baht)For the year ended 31 December For the year ended 31 December For the year ended 31 December 188 %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)