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 76 14.2 Disclosure of the statement of cash flows of the asset management company Statement of cash flows Phahonyothin Assets Management Co., Ltd. 31 December 2021 2020 (in million Baht) Cash flows from operating activities Profit from operations before income tax 40 20 Adjustments to reconcile profit from operations before income tax to net cash provided by (used in) operating activities Reversal of expected credit loss (96) - Provisions for liabilities 4 - Net interest income (13) (15) Interest received 9 15 Interest paid (13) - Income tax paid (10) (2) Loss from operations before changes in operating assets and liabilities (79) 18 Increase in operating assets Intercompany and money market items (4,208) - Loans to customers (1,280) - Other assets (14) - Increase (decrease) in operating liabilities Other payables 2 (15) Accrued expenses 5 (3) Other liabilities 2 - Net cash used in operating activities (5,572) - Cash flows from investing activities Purchase of premises and equipment (1) - Net cash used in investing activities (1) - Cash flows from financing activities Cash receipts on debenture issued 8,500 - Cash paid for redemption of debenture (3,200) - Increase in issued and fully paid-up - ordinary shares 273 - Net cash provided by financing activities 5,573 - Net decrease in cash - - Cash at 1 January - - Cash at 31 December - - 320 TMBThanachart Bank Public Company Limited
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