TMBThanachart Bank Public Company Limited 4.2 Financial Position The Bank aims to maintain strong financial position as it is a foundation for quality and sustainable growth in the long run. To achieve this, the Bank focuses on Balance Sheet Optimization in order to create the optimal financial structure for sustainable returns of the merged bank. During the time of COVID-19 pandemic, the Bank carefully managed and closely monitored asset quality with stringent ECL model and considered forward-looking approach through Management Overlay. This was to prepare headroom of the balance sheet to deal with unforeseen future risks. Liquidity was also well-managed, and capital was ensured at the strong level. Key areas of 2021 financial position are as follows. Figure 9: Selected financial position (THB million) Dec-21 Dec-20 YTD (%) Cash 16,011 21,943 -27.0% Interbank and money market items, net 158,873 211,185 -24.8% Financial assets measured at fair value through profit or loss 1,421 3,788 -62.5% Derivative assets 6,913 11,959 -42.2% Investments, net 180,229 134,351 34.1% Investments in subsidiaries and associate, net 8,620 8,599 0.2% Total loans to customers 1,372,315 1,392,925 -1.5% Add accrued interest receivables and undue interest receivables* 7,369 7,522 -2.0% Less allowance for expected credit loss 54,472 51,967 4.8% Total loans to customers and accrued interest receivables, net 1,325,212 1,348,480 -1.7% Properties for sale, net 8,626 6,037 42.9% Premises and equipment, net 21,625 24,039 -10.0% Goodwill and other intangible assets, net 22,819 22,546 1.2% Deferred tax assets 9 1,980 -99.6% Other assets, net 8,822 13,425 -34.3% Total Assets 1,759,181 1,808,332 -2.7% Deposits 1,339,195 1,373,408 -2.5% Interbank and money market items 84,966 75,909 11.9% Financial liabilities designated at fair value through profit or loss 437 432 1.2% Debts issued and borrowings, net 68,398 88,965 -23.1% Deferred revenue 20,176 20,885 -3.4% Other liabilities 35,173 43,984 -20.0% Total Liabilities 1,548,345 1,603,582 -3.4% Equity attributable to equity holders of the Bank 210,835 204,713 3.0% Non-controlling interest 1 37 -96.9% Total equity 210,836 204,750 3.0% Total liabilities and equity 1,759,181 1,808,332 -2.7% Book value per share (Baht) 2.18 2.12 2.7% Note: Consolidated financial statements * For credit impaired loans to customers, accrued interest are presented net from allowances for expected credit loss 134
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