Page 204 - 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 202469Significant balances as at 31 December 2024 and 2023 with related parties were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Parents Deposits at bank 459,673 1,147,253Held-to-maturity securities 514,898 519,285Derivative assets 931,909 617,350Intangible assets 8,890,000 10,160,000Derivative liabilities 107,387 142,286Other liabilities 1,675,232 869,278Other components of equity 282,484 41,227 Subsidiary and associates Investment in subsidiary 10,000 10,000Investment in associates- Equity method 477,110 393,142- Cost method 421,153 382,553Companies in Kasikornbank Group Other assets 67,339 1,908Other liabilities 46,436 59,273 Other related parties Investments in securities - equity securities 413,483 480,653Investments in securities - debt securities - 400,004Premises and equipment 150,829 161,170Other liabilities 152,917 160,409Key management personnel Premises and equipment - 986Other liabilities - 1,064On 9 August 2024, the Company purchased 40% of the share capital of Naya Residence Company Limited and Livewell Living Company Limited, amounting to Baht 38.6 million, which was accounted as associates. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202469Significant balances as at 31 December 2024 and 2023 with related parties were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Parents Deposits at bank 459,673 1,147,253Held-to-maturity securities 514,898 519,285Derivative assets 931,909 617,350Intangible assets 8,890,000 10,160,000Derivative liabilities 107,387 142,286Other liabilities 1,675,232 869,278Other components of equity 282,484 41,227 Subsidiary and associates Investment in subsidiary 10,000 10,000Investment in associates- Equity method 477,110 393,142- Cost method 421,153 382,553Companies in Kasikornbank Group Other assets 67,339 1,908Other liabilities 46,436 59,273 Other related parties Investments in securities - equity securities 413,483 480,653Investments in securities - debt securities - 400,004Premises and equipment 150,829 161,170Other liabilities 152,917 160,409Key management personnel Premises and equipment - 986Other liabilities - 1,064On 9 August 2024, the Company purchased 40% of the share capital of Naya Residence Company Limited and Livewell Living Company Limited, amounting to Baht 38.6 million, which was accounted as associates. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202469Significant balances as at 31 December 2024 and 2023 with related parties were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Parents Deposits at bank 459,673 1,147,253Held-to-maturity securities 514,898 519,285Derivative assets 931,909 617,350Intangible assets 8,890,000 10,160,000Derivative liabilities 107,387 142,286Other liabilities 1,675,232 869,278Other components of equity 282,484 41,227 Subsidiary and associates Investment in subsidiary 10,000 10,000Investment in associates- Equity method 477,110 393,142- Cost method 421,153 382,553Companies in Kasikornbank Group Other assets 67,339 1,908Other liabilities 46,436 59,273 Other related parties Investments in securities - equity securities 413,483 480,653Investments in securities - debt securities - 400,004Premises and equipment 150,829 161,170Other liabilities 152,917 160,409Key management personnel Premises and equipment - 986Other liabilities - 1,064On 9 August 2024, the Company purchased 40% of the share capital of Naya Residence Company Limited and Livewell Living Company Limited, amounting to Baht 38.6 million, which was accounted as associates. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202469Significant balances as at 31 December 2024 and 2023 with related parties were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Parents Deposits at bank 459,673 1,147,253Held-to-maturity securities 514,898 519,285Derivative assets 931,909 617,350Intangible assets 8,890,000 10,160,000Derivative liabilities 107,387 142,286Other liabilities 1,675,232 869,278Other components of equity 282,484 41,227 Subsidiary and associates Investment in subsidiary 10,000 10,000Investment in associates- Equity method 477,110 393,142- Cost method 421,153 382,553Companies in Kasikornbank Group Other assets 67,339 1,908Other liabilities 46,436 59,273 Other related parties Investments in securities - equity securities 413,483 480,653Investments in securities - debt securities - 400,004Premises and equipment 150,829 161,170Other liabilities 152,917 160,409Key management personnel Premises and equipment - 986Other liabilities - 1,064On 9 August 2024, the Company purchased 40% of the share capital of Naya Residence Company Limited and Livewell Living Company Limited, amounting to Baht 38.6 million, which was accounted as associates. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 202469Significant balances as at 31 December 2024 and 2023 with related parties were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Parents Deposits at bank 459,673 1,147,253Held-to-maturity securities 514,898 519,285Derivative assets 931,909 617,350Intangible assets 8,890,000 10,160,000Derivative liabilities 107,387 142,286Other liabilities 1,675,232 869,278Other components of equity 282,484 41,227 Subsidiary and associates Investment in subsidiary 10,000 10,000Investment in associates- Equity method 477,110 393,142- Cost method 421,153 382,553Companies in Kasikornbank Group Other assets 67,339 1,908Other liabilities 46,436 59,273 Other related parties Investments in securities - equity securities 413,483 480,653Investments in securities - debt securities - 400,004Premises and equipment 150,829 161,170Other liabilities 152,917 160,409Key management personnel Premises and equipment - 986Other liabilities - 1,064On 9 August 2024, the Company purchased 40% of the share capital of Naya Residence Company Limited and Livewell Living Company Limited, amounting to Baht 38.6 million, which was accounted as associates. 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