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Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. 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 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. Muang Thai Life Assurance Public Company LimitedNotes to the financial statementsFor the year ended 31 December 20247127.2 As at 31 December 2024 and 2023, the Company has pledged investments in debt securities with the Registrar as life assurance policy reserve in accordance with Section 2 4 of the Life Assurance Act B.E. 2535 and amendment Act (No. 2) B.E. 2551 as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Government bonds 156,358,886 156,425,227 28 Contribution to Life Insurance Fund As at 31 December 2024 and 2023, the accumulated contributions paid to Life Insurance Fund were as follows:Financial statements in which the equity method is applied and separate financial statements2024 2023(in thousand Baht)Contributions paid to Life Insurance Fund 1,108,543 1,036,726 29 Commitments with non-related parties Financial statements in which the equity method is applied and separate financial statements 2024 2023 (in thousand Baht)(a) Capital commitments Contracted but not provided for: Building improvement, furnitures, fixtures and office equipment - 7,007 Equipments and computer systems 16,442 5,776Total 16,442 12,783 (b) Operating lease commitments and service agreement commitments Within one year 125,055 20,052 After one year but within five years 26,939 - After five years 29,190 - Total 181,184 20,052 Included only operating lease contracts which are not required to record as lease liabilities. 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)28 Contribution to Life Insurance Fund 29 Commitments with non-related parties204 %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)