TMB Bank : Financial Statement Yearly 2020 (Unreviewed/Unaudited)

TMB Bank Public Company Limited and its subsidiaries

Statements of financial position

	Consolidated		Bank only
	31 December		31 December
Assets	2020	2019	2020	2019
	(Unaudited)		(Audited)		(Unaudited)		(Audited)
			(in thousand Baht)
Cash	21,942,541	23,852,593	12,836,147	13,426,535
Interbank and money market items, net	211,185,009	236,311,431	221,262,755	121,581,398
Financial assets measured at fair value through
profit or loss	3,787,884	-	1,125,593	-
Derivative assets	11,959,166	10,399,080	10,012,947	7,394,611
Investments, net	134,350,737	166,264,819	73,322,721	60,507,036
Investments in subsidiaries and associates, net	8,599,132	8,953,266	158,851,759	168,062,145
Loans to customers and accrued interest receivables, net	1,348,480,119	1,348,630,363	693,774,871	647,478,677
Properties for sale, net	6,037,212	4,809,518	3,150,007	2,738,073
Premises and equipment, net	24,038,714	23,642,382	13,755,268	13,116,145
Goodwill and other intangible assets, net	22,546,343	22,363,484	3,723,844	3,000,545
Deferred tax assets	1,980,185	1,495,622	2,818,086	2,331,399
Other assets, net	13,424,788	11,467,717	10,770,463	5,706,384
Total assets
1,808,331,830	1,858,190,275	1,205,404,461	1,045,342,948

Liabilities and equity
Liabilities
Deposits	1,373,407,885	1,398,111,964	815,677,627	663,558,564
Interbank and money market items	75,908,760	86,625,985	51,148,970	72,750,828
Liabilities payable on demand	3,894,675	3,382,081	2,897,675	2,361,742
Financial liabilities designated at fair value through
profit or loss	431,884	417,774	431,884	417,774
Derivative liabilities	9,267,833	9,719,225	8,144,190	7,330,647
Debts issued and borrowings	88,964,851	108,835,439	88,959,693	77,353,190
Provisions for employee benefits	4,366,292	5,149,671	2,517,106	1,727,687
Provisions for other liabilities	2,820,668	1,855,094	1,444,693	659,369
Deferred tax liabilities	3,500,501	4,729,838	-	-
Deferred revenue	20,884,682	18,186,197	19,261,556	16,450,378
Other liabilities	20,134,074	26,365,526	11,468,558	11,617,999
Total liabilities
1,603,582,105	1,663,378,794	1,001,951,952	854,228,178

TMB Bank Public Company Limited and its subsidiaries

Statements of financial position

	Consolidated		Bank only
	31 December		31 December
Liabilities and equity	2020	2019	2020	2019
	(Unaudited)		(Audited)		(Unaudited)		(Audited)
			(in thousand Baht)
Equity
Share capital
Authorised share capital
106,223,552,373 ordinary shares of Baht 0.95 each	100,912,375	100,912,375	100,912,375	100,912,375
Issued and paid-up share capital
96,409,416,880 ordinary shares of Baht 0.95 each
(31 December 2019: 96,359,354,380 ordinary shares
of Baht 0.95 each)	91,588,946	91,541,387	91,588,946	91,541,387
Premium on share capital	43,321,601	43,217,044	43,321,601	43,217,044
Other reserves	5,797,791	6,041,580	5,761,304	6,008,916
Retained earnings
Appropriated
Legal reserve	10,091,000	3,360,000	10,091,000	3,360,000
Unappropriated	53,913,289	50,616,859	52,689,658	46,987,423
Equity attributable to equity holders of the Bank
204,712,627	194,776,870	203,452,509	191,114,770
Non-controlling interest	37,098	34,611	-	-
Total equity
204,749,725	194,811,481	203,452,509	191,114,770
Total liabilities and equity
1,808,331,830	1,858,190,275	1,205,404,461	1,045,342,948
	-	-	-	-

TMB Bank Public Company Limited and its subsidiaries

Statements of profit or loss and other comprehensive income

	Consolidated		Bank only
	For the year ended		For the year ended
	31 December		31 December
	2020	2019	2020			2019
	(Unaudited)		(Audited)		(Unaudited)	(Audited)
			(in thousand Baht)
Interest income	72,320,505	39,836,787	31,900,177			36,324,503
Interest expenses	18,515,133	12,971,567	10,266,296			11,729,913
Net interest income
53,805,372		26,865,220		21,633,881			24,594,590
Fees and service income
15,920,822	11,342,976	10,405,452			10,488,314
Fees and service expenses	5,345,953	3,245,226	2,824,832			2,952,151
Net fees and service income
10,574,869		8,097,750		7,580,620			7,536,163
Gains on trading and foreign exchange transactions, net
-	1,527,702	-			1,488,881
Losses on financial liabilities designated
at fair value through profit or loss, net	-	(22,070)	-			(22,070)
Gains on financial instruments measured
at fair value through profit or loss	1,726,164	-	1,396,437			-
Gains on investments, net	678,023	1,956,192	582,389			1,949,787
Share of profit from investment using equity method	362,746	324,407	-			-
Other operating income	1,644,283	1,072,059	12,864,204			1,112,443
Total operating income
68,791,457		39,821,260		44,057,531			36,659,794
Other operating expenses
Employee expenses	16,535,704	9,628,586	8,831,311			8,790,859
Directors' remuneration	66,355	48,443	54,228			48,023
Premises and equipment expenses	6,170,568	3,597,892	3,621,370			3,387,948
Taxes and duties	1,798,940	1,357,633	1,193,456			1,299,987
Others	7,050,946	6,041,818	3,859,533			5,477,074
Total other operating expenses
31,622,513		20,674,372		17,559,898			19,003,891
Impairment loss on loans and debt securities
-	10,336,853	-			8,985,609
Expected credit loss	24,831,331	-	13,433,601			-
Profit from operations before income tax
12,337,613		8,810,035		13,064,032			8,670,294
Income tax	2,222,805	1,587,549	209,459			1,571,046
Profit for the year
10,114,808		7,222,486		12,854,573			7,099,248
Other comprehensive income
Items that will be reclassified subsequently to profit or loss
Gains on remeasuring available-for-sale investments	-	423,190	-			365,081
Gains on investments in debt instruments
at fair value through other comprehensive income	113,841	-	14,191			-
Losses on cash flow hedges	(20,863)	-	(68,422)			-
Losses arising from translating the financial statements of
foreign operations	(20,801)	(41,422)	(20,801)			(41,422)
Income tax relating to items that will be reclassified
subsequently to profit or loss	(14,435)	(76,354)	15,006			(64,732)
	57,742		305,414		(60,026)			258,927

TMB Bank Public Company Limited and its subsidiaries

Statements of profit or loss and other comprehensive income

	Consolidated		Bank only
	For the year ended		For the year ended
	31 December		31 December
	2020	2019	2020			2019
	(Unaudited)		(Audited)		(Unaudited)	(Audited)
			(in thousand Baht)
Items that will not be reclassified subsequently to profit or loss
Change in revaluation surplus on assets	(178,592)	1,338,233	(178,592)			1,338,233
Gains (losses) on investments in equity instruments
designated at fair value through other comprehensive income	(186,862)	-	31,653			-
Actuarial gains (losses) on post-employment benefit plan	680,381	(111,790)	249,336			(55,826)
Income tax relating to items that will not be reclassified
subsequently to profit or loss	(62,985)	(245,288)	(20,479)			(256,482)
	251,942		981,155		81,918			1,025,925
Total other comprehensive income for the year,
net of income tax	309,684	1,286,569	21,892			1,284,852
Total comprehensive income for the year
10,424,492	8,509,055	12,876,465			8,384,100
Profit attributable to:
Equity holders of the Bank	10,112,182	7,222,478	12,854,573			7,099,248
Non-controlling interest	2,626	8	-			-
Profit for the year
10,114,808	7,222,486	12,854,573			7,099,248
Total comprehensive income attributable to:
Equity holders of the Bank	10,421,797	8,509,047	12,876,465			8,384,100
Non-controlling interest	2,695	8	-			-
Total comprehensive income for the year
10,424,492	8,509,055	12,876,465			8,384,100
Earnings per share
Basic earnings per share (in Baht)	0.1049	0.1485	0.1334			0.1460
Diluted earnings per share (in Baht)
0.1047	0.1485	0.1332			0.1460