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 116 As at 31 December 2021 and 2020, the Bank and its subsidiaries had purchase and sales of investment in debt securities with net sales amounting to Baht 208 million and net purchase amounting to Baht 551 million respectively (Bank only: net sales amounting to Baht 208 million and net purchase amounting to Baht 551 million, respectively), for which the settlement was not due at the reporting date. 35.2 Litigation (a) As at 31 December 2021 and 2020, the Bank and its subsidiaries were claimed pursuant to obligations under the letters of guarantee and other claims for 125 cases and 120 cases, respectively (Bank only: claims for 125 cases and 45 cases, respectively). The said claims were made against the Bank and its subsidiaries for the approximate liability amounts of Baht 2,241 million (1) and Baht 3,010 million (1), respectively (Bank only: Baht 2,241 million (1) and Baht 89 million (1), respectively). (b) As at 31 December 2021 and 2020, the Bank and its subsidiaries have recognised provisions for possible losses from the litigation cases totalling Baht 572 million and Baht 738 million, respectively (Bank only: Baht 572 million and Baht 16 million, respectively). The management considers that the provision established for such potential losses due to the said litigation cases is adequate. (1) Excluding the liabilities of the Bank and its subsidiaries as at 31 December 2021 and 2020 of Bah 77 million and Baht 1,090 million, respectively (Bank only: Baht 77 million and Baht 994 million, respectively), which the Court of First Instance and the Appeals Court dismissed the cases. 36 Related parties For the purposes of these financial statements, parties are considered to be related to the Bank and its subsidiaries if the Bank and its subsidiaries have the ability, directly or indirectly, to control or jointly control the party or exercise signi ficant influence over the party in making financial and operating decisions, or vice versa, or where the Bank and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. Definitions and characteristics of relationships Related parties are as follows: 1. Major shareholders are the shareholders who own over 10% of the Bank’s paid-up share capital. 2. Subsidiaries 3. Associates 4. Key management personnel of the Bank and its subsidiaries 5. Other related parties are 5.1 Close family members of key management personnel 5.2 Entities in which key management personnel and their close family members hold over 10% of paid-up share capital 5.3 Entities of which key management personnel and their close family members are directors exercising control or having significant influence 360 TMBThanachart Bank Public Company Limited
RkJQdWJsaXNoZXIy ODEyMzQ3