TMBThanachart Bank Public Company Limited and its Subsidiaries (Formerly TMB Bank Public Company Limited and its Subsidiaries) Notes to the financial statements For the year ended 31 December 2021 16 These notes form an integral part of the financial statements. The financial statements issued for Thai statutory and regulatory reporting purposes are prepared in the Thai language. These English language financial statements have been prepared from the Thai language statutory financial statements and were approved and authorised for issue by the Board of Directors on 23 February 2022. 1 General information TMBThanachart Bank Public Company Limited, (the “Bank”), is incorporated in Thailand and has its registered office at 3000 Phahonyothin Road, Chomphon, Chatuchak, Bangkok. The Bank was listed on the Stock Exchange of Thailand on 23 December 1983. The principal business of the Bank is operating commercial banking businesses. The subsidiaries are incorporated under Thai laws and have been operating in Thailand, with core businesses being provision of asset management. Details of the Bank’s subsidiaries and associates as at 31 December 2021 and 2020 are given in note 14. The Bank changed its name from “TMB Bank Public Company Limited” to “TMBThanachart Bank Public Company Limited” with registration to the Department of Business Development, Ministry of Commerce on 6 May 2021. 2 Basis of preparation of the financial statements The financial statements are prepared in accordance with Thai Financial Reporting Standards; guidelines promulgated by the Federation of Accounting Professions and; applicable rules and regulations of the Thai Securities and Exchange Commission and the Bank of Thailand (“BoT”) notification number Sor Nor Sor 21/2561, regarding to Preparation and Announcement of Financial Statements of a Commercial Bank and a Holding Company that is the Parent Company of a Financial Group; and other additional BoT notification including the following BoT circular: - BoT. For Nor Sor. (23) Wor.276/2563, regarding “Debt relief programs for debtors affected by situations having adverse impacts to Thai economy” which details are given in note 5. - Sor Nor Sor. 4/2564, regarding “Measurement of asset warehousing for debt repayment” which details are given in note 3.8 The financial statements are prepared and presented in Thai Baht, which is the Bank and its subsidiaries' functional currency. All financial information is presented in Thai Baht and has been rounded to the nearest thousand and in the notes to financial statements to the nearest million unless otherwise stated. New and revised TFRS are effective for annual accounting periods beginning on or after 1 January 2021 which have no material impact on the financial statements. 260 TMBThanachart Bank Public Company Limited
RkJQdWJsaXNoZXIy ODEyMzQ3