TMB Bank PCL : Financial Statement Quarter 1/2019 (Unreviewed/Unaudited)

TMB Bank Public Company Limited and its subsidiaries

Statements of financial position

	Consolidated				Bank only
	31 March		31 December		31 March		31 December
Assets	2019	2018		2019		2018
	(Unreviewed)		(Audited)		(Unreviewed)		(Audited)
			(in thousand Baht)
Cash	11,678,106	15,234,235		11,678,082		15,231,053
Interbank and money market items, net	104,247,512	113,522,391		104,247,512		113,522,391
Derivative assets	7,979,698	7,916,452		7,979,698		7,916,452
Investments, net	84,223,378	73,476,647		84,223,370		73,476,629
Investments in subsidiaries and associate, net	4,637,283	4,577,259		221,942		221,942
Loans to customers and accrued interest receivables, net
Loans to customers	687,352,773	685,793,189		687,310,632		685,747,048
Accrued interest receivables	1,313,200		1,308,437		1,313,200		1,308,437
Total loans to customers and accrued interest receivables	688,665,973	687,101,626		688,623,832		687,055,485
Less deferred revenue	(78,801)	(86,234)		(78,801)		(86,234)
Less allowance for doubtful accounts	(30,715,612)	(31,975,862)		(30,690,332)		(31,947,442)
Less revaluation allowance for debt restructuring	(1,025,208)		(999,484)		(1,025,208)		(999,484)
Total loans to customers and accrued interest receivables, net	656,846,352	654,040,046		656,829,491		654,022,325
Properties for sale, net	2,688,354	2,613,771		2,688,354		2,613,771
Premises and equipment, net	11,740,851	11,876,263		11,740,830		11,876,236
Goodwill and other intangible assets, net	2,608,076	2,592,359		2,608,065		2,592,345
Deferred tax assets	566,725	400,882		1,411,859		1,245,983
Other receivables, net	1,324,577	1,251,198		1,293,609		1,220,229
Other assets, net	3,683,101		4,211,807		3,683,648		4,212,122
Total assets	892,224,013	891,713,310		888,606,460		888,151,478

TMB Bank Public Company Limited and its subsidiaries

Statements of financial position

	Consolidated				Bank only
	31 March		31 December		31 March		31 December
Liabilities and equity	2019	2018		2019		2018
	(Unreviewed)		(Audited)		(Unreviewed)		(Audited)
			(in thousand Baht)
Liabilities
Deposits	661,287,049	649,568,443		661,303,116		649,574,715
Interbank and money market items	51,266,361	64,266,589		51,266,361		64,266,589
Liabilities payable on demand	5,017,936	3,504,740		5,017,936		3,504,740
Financial liabilities designated at fair value through profit or loss	401,477	396,560		401,477		396,560
Derivative liabilities	7,138,859	7,327,950		7,138,859		7,327,950
Debts issued and borrowings, net	34,852,096	35,124,014		34,852,096		35,124,014
Provisions for employee benefits	1,584,423	1,220,760		1,583,269		1,219,606
Provisions for other liabilities	646,425	630,217		646,269		630,061
Deferred revenue	17,333,668	17,593,616		17,333,686		17,593,634
Other liabilities	12,302,131		13,301,508		12,271,217		13,271,849
Total liabilities	791,830,425	792,934,397		791,814,286		792,909,718
Equity
Share capital
Authorised share capital
44,108,738,479 ordinary shares of Baht 0.95 each	41,903,302	41,903,302		41,903,302		41,903,302
Issued and paid-up share capital
43,851,893,110 ordinary shares of Baht 0.95 each	41,659,299	41,659,299		41,659,299		41,659,299
Premium on share capital	403,596	403,596		403,596		403,596
Other reserves	4,829,226	4,810,560		4,829,233		4,810,560
Retained earnings
Appropriated
Legal reserve	3,000,000	3,000,000		3,000,000		3,000,000
Unappropriated	50,501,467		48,905,458		46,900,046		45,368,305
Equity attributable to equity holders of the Bank	100,393,588	98,778,913		96,792,174		95,241,760
Non-controlling interest	-		-		-		-
Total equity	100,393,588		98,778,913		96,792,174		95,241,760
Total liabilities and equity	892,224,013	891,713,310		888,606,460		888,151,478

TMB Bank Public Company Limited and its subsidiaries

Statements of profit or loss and other comprehensive income

	Consolidated				Bank only
	Three-month period ended				Three-month period ended
	31 March				31 March
	2019	2018		2019		2018
	(Unreviewed)		(Reviewed)		(Unreviewed)		(Reviewed)
			(in thousand Baht)
Interest income	9,050,570	8,544,674		9,048,578		8,533,815
Interest expenses	2,814,082		2,514,954		2,814,082		2,519,000
Net interest income	6,236,488		6,029,720		6,234,496		6,014,815
Fees and service income	2,479,791	3,614,481		2,481,362		3,246,342
Fees and service expenses	757,581		873,655		757,581		785,105
Net fees and service income	1,722,210		2,740,826		1,723,781		2,461,237
Gains on trading and foreign exchange transactions, net	362,995	455,040		362,995		455,040
Losses on financial liabilities designated
at fair value through profit or loss, net	(5,774)	(2,832)		(5,774)		(2,832)
Gains on investments, net	3,655	9,267		3,655		9,070
Share of profit from investment using equity method	60,024	-		-		-
Other operating income	137,015		150,807		135,703		946,593
Total operating income	8,516,613	9,382,828		8,454,856		9,883,923
Other operating expenses
Employee expenses	2,543,124	2,069,038		2,542,556		2,002,403
Directors' remuneration	8,367	7,659		8,367		7,599
Premises and equipment expenses	861,853	832,249		861,786		816,978
Taxes and duties	316,958	305,017		316,228		304,729
Others	1,007,633		1,050,794		1,006,455		1,015,932
Total other operating expenses	4,737,935		4,264,757		4,735,392		4,147,641
Impairment loss on loans and debt securities	1,838,966		2,304,667		1,844,985		2,307,371
Profit from operations before income tax	1,939,712	2,813,404		1,874,479		3,428,911
Income tax	360,874		533,663		359,909		615,907
Profit for the period	1,578,838	2,279,741		1,514,570		2,813,004
Other comprehensive income
Items that will be reclassified subsequently to profit or loss
Gains (losses) on remeasuring available-for-sale investments	60,379	(36)		60,388		184
Losses arising from translating the financial statements of
foreign operations	(10,355)	(10,128)		(10,355)		(10,128)
Income tax relating to items that will be reclassified
subsequently to profit or loss	(10,005)		2,033		(10,007)		1,989
	40,019	(8,131)		40,026		(7,955)
Items that will not be reclassified subsequently to profit or loss
Change in revaluation surplus on assets	(5,227)	(3,346)		(5,227)		(3,346)
Income tax relating to items that will not be reclassified
subsequently to profit or loss	1,045		669		1,045		669
	(4,182)	(2,677)		(4,182)		(2,677)
Total other comprehensive income for the period,
net of income tax	35,837		(10,808)		35,844		(10,632)
Total comprehensive income for the period	1,614,675	2,268,933		1,550,414		2,802,372

TMB Bank Public Company Limited and its subsidiaries

Statements of profit or loss and other comprehensive income

	Consolidated				Bank only
	Three-month period ended				Three-month period ended
	31 March				31 March
	2019	2018		2019		2018
	(Unreviewed)		(Reviewed)		(Unreviewed)		(Reviewed)
			(in thousand Baht)
Profit attributable to:
Equity holders of the Bank	1,578,838	2,279,741		1,514,570		2,813,004
Non-controlling interest	-		-		-		-
Profit for the period	1,578,838	2,279,741		1,514,570		2,813,004
Total comprehensive income attributable to:
Equity holders of the Bank	1,614,675	2,268,933		1,550,414		2,802,372
Non-controlling interest	-		-		-		-
Total comprehensive income for the period	1,614,675	2,268,933		1,550,414		2,802,372
Earnings per share
Basic earnings per share (in Baht)	0.0360		0.0520		0.0345		0.0642
Diluted earnings per share (in Baht)
	0.0360	0.0520		0.0345		0.0641