Page 201 - Demo

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 202466Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202466Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202466Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202466Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202466Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202466Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 2024Carrying amounts and fair value The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at recurring fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.Fair value At 31 December 2024 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets - 6,223,074 - 6,223,074Investments in securities 67,346,439 30,015,222 282,650 97,644,311Total 67,346,439 36,238,296 282,650 103,867,385 Financial liabilities Derivative liabilities - (205,548) - (205,548)Total - (205,548) - (205,548) Fair value At 31 December 2023 Level 1 Level 2 Level 3 Total (in thousand Baht)Financial assets Derivative assets 4,233 3,555,178 - 3,559,411Investments in securities 67,221,472 23,664,304 276,011 91,161,787Total 67,225,705 27,219,482 276,011 94,721,198 Financial liabilities Derivative liabilities - (861,821) - (861,821)Total - (861,821) - (861,821) Most of the Company%u2019s investment assets are marketable securities that have high liquidity or can be traded in short period of time at a price close to the fair value with the value of investment assets well sufficiency for support liquidity needs.The Company determines Level 2 fair values for marketable debt securities, by using the last bid price from Thai Bond Market Association or a reliable institution at the reporting date. The Company determines Level 2 fair values for listed equity securities which are inactive in markets but they have trading transactions within 30 working days, by using the last bid price from Stock Exchanges of each country where securities are listed at reporting date. For non-listed unit trusts, fair value is calculated by using net asset value at reporting date. The Company does not adjust the last bid price or net asset value since the difference is not significant. The Company determines Level 2 fair values for derivative. The fair value for over-the-counter derivatives are based on counter party quotes.The Company determines Level 3 fair value for unquoted equity investment by using adjusted net asset method.The fair value of debts issued and borrowings are the market value or the present value of cash flows with discounting rates that reflect current interest rate risk and the Company's credit risk.(in thousand Baht)(in thousand Baht)Fair valueFair valueLevel 1Level 1TotalTotalLevel 2Level 2Level 3Level 3At 31 December 2024At 31 December 2023Annual Report 2024 I Muang Thai Life Assurance PCL 199