Siam Commercial Bank Public : Financial Statements (Unreviewed) Quarterly 3Q2021

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of financial position

	Consolidated		The Bank
	30 September		31 December		30 September	31 December
Assets	2021	2020	2021			2020
	(Unreviewed)		(Audited)		(Unreviewed)	(Audited)
			(in thousand Baht)
Cash	43,379,470	51,631,543	43,147,414			51,528,618
Interbank and money market items, net	506,162,260	547,504,036	495,602,608			539,107,537
Financial assets measured at fair value through profit or loss	99,687,626	28,032,542	83,975,275			23,106,838
Derivative assets	81,977,373	86,829,862	82,054,914			87,095,023
Investments, net	261,897,979	311,795,715	261,921,178			312,059,270
Investments in subsidiaries, associates and joint venture, net	645,079	-	27,060,070			24,659,612
Loans to customers and accrued interest receivables, net	2,144,899,470	2,130,308,123	2,140,052,927			2,125,942,032
Properties for sale, net	17,124,473	16,136,334	16,906,578			15,917,594
Investment properties, net	-	-	283,708			287,464
Premises and equipment, net	37,126,656	40,308,637	35,638,843			38,642,255
Goodwill and other intangible assets, net	19,246,262	18,566,173	18,340,334			17,678,858
Deferred tax assets	4,992,572	4,505,357	4,688,317			4,239,543
Other assets, net	55,064,789		42,765,197		50,656,691			40,177,545
Total assets	3,272,204,009	3,278,383,519	3,260,328,857			3,280,442,189

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of financial position

	Consolidated		The Bank
	30 September		31 December		30 September	31 December
Liabilities and shareholders' equity	2021	2020	2021			2020
	(Unreviewed)		(Audited)		(Unreviewed)	(Audited)
			(in thousand Baht)
Liabilities
Deposits	2,410,171,833	2,420,455,426	2,413,244,663			2,429,779,524
Interbank and money market items	193,132,040	198,491,004	194,653,247			198,359,503
Liabilities payable on demand	13,739,544	10,266,910	13,739,192			10,266,680
Financial liabilities measured at fair value through profit or loss	45,840	3,771	-			-
Derivative liabilities	75,443,829	79,271,805	75,819,743			79,775,566
Debt issued and borrowings	76,138,860	67,234,660	71,609,964			66,800,699
Provisions	20,312,856	17,896,778	19,715,243			17,330,929
Deferred tax liabilities	751,184	132,018	-			-
Other liabilities	55,234,501		72,802,099		50,246,352			68,385,233
Total liabilities	2,844,970,487	2,866,554,471	2,839,028,404			2,870,698,134
Shareholders' equity
Share capital
Authorised share capital
3,582,683,877 preferred shares of Baht 10 each	35,826,839		35,827,259		35,826,839			35,827,259
3,417,316,123 common shares of Baht 10 each	34,173,161	34,172,741	34,173,161			34,172,741
Issued and paid-up share capital
3,559,520 preferred shares of Baht 10 each	35,595	36,015	35,595			36,015
3,395,632,678 common shares of Baht 10 each	33,956,327	33,955,907	33,956,327			33,955,907
Premium on share capital
Premium on preferred shares	13,921	14,085	13,921			14,085
Premium on common shares	11,110,270	11,110,106	11,110,270			11,110,106
Other reserves	16,080,880	16,906,997	15,198,459			16,919,044
Retained earnings
Appropriated
Legal reserve	7,000,000	7,000,000	7,000,000			7,000,000
Unappropriated	357,659,809		342,406,796		353,985,881			340,708,898
Total owners of the company	425,856,802	411,429,906	421,300,453			409,744,055
Non-controlling interests	1,376,720		399,142		-			-
Total shareholders' equity	427,233,522		411,829,048		421,300,453			409,744,055
Total liabilities and shareholders' equity	3,272,204,009	3,278,383,519	3,260,328,857			3,280,442,189

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of profit or loss and other comprehensive income

			Consolidated						The Bank
	Quarter 3/21		Quarter 2/21		Quarter 3/20		Quarter 3/21		Quarter 2/21		Quarter 3/20
	(Unreviewed)		(Reviewed)		(Reviewed)		(Unreviewed)		(Reviewed)		(Reviewed)
					(in thousand Baht)
Interest income	27,739,188	27,652,780	28,582,281	27,430,901	27,448,774	28,490,779
Interest expenses	4,205,942		4,178,163		4,858,415		4,157,946		4,153,945		4,831,682
Net interest income	23,533,246		23,474,617		23,723,866		23,272,955		23,294,829		23,659,097
Fee and service income	12,160,779	12,461,665	10,769,726	10,561,055	10,882,316	9,753,957
Fee and service expenses	2,496,918		2,649,842		2,200,123		2,045,350		2,208,763		1,945,340
Net fee and service income	9,663,861	9,811,823	8,569,603	8,515,705	8,673,553	7,808,617
Net gain on financial instruments measured
at fair value through profit or loss	2,502,040	2,658,376	1,423,556	1,397,831	1,621,838	1,087,543
Net gain (loss) on investments	12,885	(5,635)	335,462	13,383	(5,635)	337,123
Share of profit from investment in associates and joint venture	46,243	38,212	-	-	-	-
Dividend income	45,771	77,540	8,961	531,033	1,524,430	600,873
Other operating income	1,105,753		414,018		423,143		1,066,050		366,893		389,304
Total operating income	36,909,799	36,468,951	34,484,591	34,796,957	35,475,908	33,882,557
Other operating expenses
Employee expenses	7,157,342	7,072,283	7,627,012	6,002,059	6,066,476	6,730,328
Directors' remuneration	31,656	16,582	29,341	25,355	10,446	25,080
Premises and equipment expenses	2,506,626	2,452,541	3,210,767	2,319,566	2,288,963	3,143,569
Taxes and duties	891,602	922,413	945,776	879,214	913,948	943,122
Other expenses	5,225,705		4,912,614		3,933,853		5,285,445		5,289,098		4,328,755
Total operating expenses	15,812,931		15,376,433		15,746,749		14,511,639		14,568,931		15,170,854
Expected credit loss	10,035,000		10,027,635		12,955,000		9,888,297		9,998,418		12,868,944
Profit from operations before income tax expenses	11,061,868	11,064,883	5,782,842	10,397,021	10,908,559	5,842,759
Income tax expenses	2,285,803		2,303,852		1,203,601		1,961,435		1,910,838		1,087,835
Net profit	8,776,065		8,761,031		4,579,241		8,435,586		8,997,721		4,754,924

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of profit or loss and other comprehensive income

			Consolidated						The Bank
	Quarter 3/21		Quarter 2/21		Quarter 3/20		Quarter 3/21		Quarter 2/21		Quarter 3/20
	(Unreviewed)		(Reviewed)		(Reviewed)		(Unreviewed)		(Reviewed)		(Reviewed)
					(in thousand Baht)
Other comprehensive income (loss)
Items that will be reclassified subsequently to profit or loss
(Loss) gain on investments in debt instruments at fair value
through other comprehensive income	(146,250)	81,396	(643,829)	(146,250)	81,396	(643,829)
Gain (loss) arising from translating the financial statements
of a foreign operation	72,408	51,767	(41,525)	(356,935)	(113,411)	(110,594)
Income tax relating to components of other comprehensive income
(loss) will be reclassified subsequently to profit or loss	29,250		(16,280)		128,765		29,250		(16,280)		128,765
	(44,592)	116,883	(556,589)	(473,935)	(48,295)	(625,658)
Items that will not be reclassified subsequently to profit or loss
Gain (loss) on investments designated at fair value through
other comprehensive income	-	4,071	(39,654)	-	-	(39,654)
Actuarial loss on defined benefit plans	-	-	(1,779,674)	-	-	(1,731,587)
Income tax relating to components of other comprehensive (loss)
income will not be reclassified subsequently to profit or loss	-		(814)		363,867		-		-		354,249
	-		3,257		(1,455,461)		-		-		(1,416,992)
Total other comprehensive (loss) income, net of income tax	(44,592)		120,140		(2,012,050)		(473,935)		(48,295)		(2,042,650)
Total comprehensive income	8,731,473	8,881,171	2,567,191	7,961,651	8,949,426	2,712,274
Net profit (loss) attributable to:
Owners of the company	8,817,920	8,814,542	4,641,385	8,435,586	8,997,721	4,754,924
Non-controlling interests	(41,855)	(53,511)	(62,144)	-	-	-
Total comprehensive income (loss) attributable to:
Owners of the company	8,772,251	8,933,829	2,625,868	7,961,651	8,949,426	2,712,274
Non-controlling interests	(40,778)	(52,658)	(58,677)	-	-	-
Earnings per share of the parent company
Basic earnings per share (in Baht)	2.59	2.59	1.37	2.48	2.65	1.40

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of profit or loss and other comprehensive income

	Consolidated		The Bank
	Nine-month period ended		Nine-month period ended
	30 September		30 September
	2021	2020	2021	2020
	(Unreviewed)		(Reviewed)		(Unreviewed)		(Reviewed)
			(in thousand Baht)
Interest income	83,111,329	90,045,365	82,450,182	89,762,295
Interest expenses	12,727,769		16,766,954		12,638,078		16,676,412
Net interest income	70,383,560		73,278,411		69,812,104		73,085,883
Fee and service income	37,374,771	31,971,733	32,500,616	28,878,316
Fee and service expenses	7,460,244		6,806,950		6,115,608		6,016,505
Net fee and service income	29,914,527	25,164,783	26,385,008	22,861,811
Net gain on financial instruments measured
at fair value through profit or loss	8,315,341	6,495,274	4,826,708	6,123,411
Net gain on investments	106,390	1,691,841	106,888	1,693,502
Share of profit (loss) from investment in associates and joint venture	495,181	(78,147)	-	-
Dividend income	150,207	149,533	2,211,989	2,002,046
Other operating income	1,766,351		1,700,370		1,640,000		1,631,812
Total operating income	111,131,557	108,402,065	104,982,697	107,398,465
Other operating expenses
Employee expenses	22,247,351	23,901,038	19,154,385	21,565,690
Directors' remuneration	77,738	86,914	59,126	75,240
Premises and equipment expenses	8,003,274	9,436,255	7,546,152	9,052,492
Taxes and duties	2,734,417	2,850,685	2,705,451	2,839,943
Other expenses	13,227,678		12,005,455		14,021,111		13,632,173
Total operating expenses	46,290,458		48,280,347		43,486,225		47,165,538
Expected credit loss	30,070,635		32,415,468		29,816,112		32,108,802
Profit from operations before income tax expenses	34,770,464	27,706,250	31,680,360	28,124,125
Income tax expenses	7,186,226		5,629,929		5,933,806		5,166,973
Net profit	27,584,238		22,076,321		25,746,554		22,957,152