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 107 Bank only Allowance for expected Commitment from loss of credit letters of commitments guarantee issued, and financial avals and other Obligation for guarantee guarantees litigation cases contracts Others Total (note 35.2) (in million Baht) Beginning balance - 12 1,103 309 1,424 Provisions increase - 49 186 302 537 Paid during the year - (45) - (471) (516) At 31 December 2020 - 16 1,289 140 1,445 Acquisition through Entire Business Transfer - 822 520 5 1,347 Provision increase (decrease) - (12) (471) 49 (434) Paid during the year - (254) - (78) (332) At 31 December 2021 - 572 1,338 116 2,026 27 Deferred revenue Consolidated 2021 2020 (in million Baht) Deferred revenue - Funds and Bancassurance 18,472 19,785 - Credit card 405 168 - Hire purchase 1,011 702 - Others 288 230 Total 20,176 20,885 Bank only 2021 2020 (in million Baht) Deferred revenue - Funds and Bancassurance 18,472 18,865 - Credit card 405 168 - Hire purchase 1,011 - - Others 289 229 Total 20,177 19,262 After negotiations between FWD Life Insurance Public Company Limited (FWD), the previous bancassurance partner of the Bank, and Prudential Life Assurance (Thailand) Public Company Limited (Prudential), the previous bancassurance partner of TBCO Public Company Limited (TBCO) (Formerly Thanachart Bank PCL), a mutual conclusion was reached that Prudential would acquire the rights to sell life insurance products through the Bank from FWD and the original bancassurance agreement between the Bank and FWD would be revised to reflect the new partnership. 351 Form 56-1 One Report 2021
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