Page 195 - Demo

Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 2024(in thousand Baht)(in thousand Baht)Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202461As of 31 December 2024 and 2023, financial assets and financial liabilities carrying interest at fixed rates are classified on the basis of the length of time from the reporting date to the maturity date. The details are as follows:Financial statements in which the equity method is applied and separate financial statements 2024Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 416,835 - 416,835 1.84Debt securities 32,930,042 447,613,483 480,543,525 3.67Loans 173,882 3,355,125 3,529,007 5.36Debts issued and borrowings - (10,224,181) (10,224,181) 3.55Total 33,520,759 440,744,427 474,265,186 Financial statements in which the equity method is applied and separate financial statements 2023Average Within interest rate 1 year Over 1 year Total per annum (in thousand Baht) (%)Cash equivalents 308,048 - 308,048 2.07Debt securities 21,238,933 461,923,724 483,162,657 3.69Loans 165,623 3,075,549 3,241,172 5.02Debts issued and borrowings - (10,285,538) (10,285,538) 3.55Total 21,712,604 454,713,735 476,426,339 Policy loans are loans secured by the cash surrender values of the relevant policies. As of 31 December 2024, no portion of the balance of policy loans amounting to Baht 20,870.0 million (2023: Baht 20,734.7 million) is included in loans as it is not practicable to determine the maturity with sufficient reliability given that the loans have no fixed terms of repayment.As of 31 December 2024 and 2023, the interest rate per annum of policy loans is not more than 8% in accordance with the Notification of the Office of Insurance Commission.Sensitivity analysisA reasonable possible change of interest rates as at 31 December 2024 and 2023 would have effected the measurement of investment in debt securities and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Financial statements in which the equity method is applied and separate financial statements 2024Profit or loss Equity, net of tax+ 100 basis point - 100 basispoint + 100 basispoint - 100 basispoint (in thousand Baht)Yield curve (446,624) 501,888 (54,339) 59,578Financial statements in which the equity method is applied and separate financial statementsFinancial statements in which the equity method is applied and separate financial statements20242023Within 1 yearWithin 1 yearAverage interest rate per annum Average interest rate per annum Over 1 yearOver 1 yearTotal Total (%)(%)Annual Report 2024 I Muang Thai Life Assurance PCL 193