TMB Bank : Financial Statement Quarter 1/2021 (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	2021	2020	2021	2020
	(Unreviewed)		(Audited)		(Unreviewed)		(Audited)
			(in thousand Baht)
Cash	18,219,932	21,942,541	12,503,118	12,836,147
Interbank and money market items, net	213,645,618	211,185,009	234,312,689	221,262,755
Financial assets measured at fair value through
profit or loss	4,572,191	3,787,884	2,820,051	1,125,593
Derivative assets	10,299,663	11,959,166	9,387,553	10,012,947
Investments, net	141,194,354	134,350,737	83,853,500	73,322,721
Investments in subsidiaries and associates, net	8,691,804	8,599,132	158,851,759	158,851,759
Loans to customers and accrued interest receivables, net	1,333,555,274	1,348,480,119	696,520,224	693,774,871
Properties for sale, net	6,118,993	6,037,212	3,215,126	3,150,007
Premises and equipment, net	23,026,294	24,038,714	13,403,807	13,755,268
Goodwill and other intangible assets, net	22,529,506	22,546,343	3,993,753	3,723,844
Deferred tax assets	1,969,231	1,980,185	2,714,526	2,818,086
Other assets, net	10,650,160		13,424,788		8,629,967		10,770,463
Total assets	1,794,473,020	1,808,331,830	1,230,206,073	1,205,404,461

Liabilities and equity
Liabilities
Deposits	1,383,733,102	1,373,407,885	856,584,203	815,677,627
Interbank and money market items	65,483,725	75,908,760	49,092,701	51,148,970
Liabilities payable on demand	5,749,408	3,894,675	4,201,671	2,897,675
Financial liabilities designated at fair value through
profit or loss	432,636	431,884	432,636	431,884
Derivative liabilities	9,100,369	9,267,833	8,288,121	8,144,190
Debts issued and borrowings	74,353,565	88,964,851	74,348,407	88,959,693
Provisions for employee benefits	3,776,528	4,366,292	2,960,311	2,517,106
Provisions for other liabilities	2,631,730	2,820,668	1,356,418	1,444,693
Deferred tax liabilities	3,275,795	3,500,501	-	-
Deferred revenue	20,858,364	20,884,682	19,146,300	19,261,556
Other liabilities	17,497,847		20,134,074		9,690,182		11,468,558
Total liabilities	1,586,893,069		1,603,582,105		1,026,100,950		1,001,951,952

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	2021	2020	2021	2020
	(Unreviewed)		(Audited)		(Unreviewed)		(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	91,588,946	91,588,946	91,588,946	91,588,946
Premium on share capital	43,321,601	43,321,601	43,321,601	43,321,601
Other reserves	5,607,540	5,797,791	5,703,902	5,761,304
Retained earnings
Appropriated
Legal reserve	10,091,000	10,091,000	10,091,000	10,091,000
Unappropriated	56,933,063		53,913,289		53,399,674		52,689,658
Equity attributable to equity holders of the Bank	207,542,150	204,712,627	204,105,123	203,452,509
Non-controlling interest	37,801		37,098		-		-
Total equity	207,579,951		204,749,725		204,105,123		203,452,509
Total liabilities and equity	1,794,473,020		1,808,331,830		1,230,206,073		1,205,404,461
	-		-				-

TMB Bank Public Company Limited and its subsidiaries

Statements of profit or loss and other comprehensive income

	Consolidated		Bank only
	Three-month periods ended		Three-month periods ended
	31 March		31 March
	2021	2020	2021	2020
	(Unreviewed)		(Reviewed)		(Unreviewed)		(Reviewed)
			(in thousand Baht)
Interest income	16,350,060	19,605,385	7,539,760	8,676,225
Interest expenses	3,477,906		5,591,859		2,454,156		2,715,790
Net interest income	12,872,154		14,013,526		5,085,604		5,960,435
Fees and service income	4,321,259	4,408,379	3,248,629	2,471,824
Fees and service expenses	1,289,120		1,593,539		758,614		726,298
Net fees and service income	3,032,139	2,814,840	2,490,015	1,745,526
Gains on financial instruments measured
at fair value through profit or loss	421,907	442,608	333,084	372,658
Gains on investments, net	26,666	337,666	50,927	152,148
Share of profit from investment using equity method	92,672	140,552	-	-
Other operating income	397,997		445,974		591,866		20,395,604
Total operating income	16,843,535	18,195,166	8,551,496	28,626,371
Other operating expenses
Employee expenses	4,463,744	4,373,961	2,855,186	2,006,853
Directors' remuneration	13,425	11,656	10,078	9,103
Premises and equipment expenses	1,381,514	1,599,575	809,273	917,564
Taxes and duties	405,228	463,836	279,751	294,283
Others	1,663,967		1,882,108		860,916		984,262
Total other operating expenses	7,927,878		8,331,136		4,815,204		4,212,065
Expected credit loss	5,480,105		4,759,504		3,147,248		2,426,652
Profit from operations before income tax	3,435,552	5,104,526	589,044	21,987,654
Income tax	652,873		940,310		73,928		328,581
Profit for the period	2,782,679	4,164,216	515,116	21,659,073
Other comprehensive income
Items that will be reclassified subsequently to profit or loss
Gains (losses) on investments in debt instruments
at fair value through other comprehensive income	(214,140)	56,263	(147,532)	79,392
Gains (losses) on cash flow hedges	(38,553)	(16,638)	85,074	3,160
Gains arising from translating the financial statements of
foreign operations	10,146	31,481	10,146	31,481
Income tax relating to items that will be reclassified
subsequently to profit or loss	48,509		(14,221)		10,462		(22,807)
	(194,038)	56,885	(41,850)	91,226
Items that will not be reclassified subsequently to profit or loss
Change in revaluation surplus on assets	(18,280)	(4,376)	(18,280)	(4,376)
Gains (losses) on investments in equity instruments
designated at fair value through other comprehensive income	24,133	(88,261)	(6)	75
Actuarial gains on post-employment benefit plan	272,417	-	218,756	-
Income tax relating to items that will not be reclassified
subsequently to profit or loss	(55,657)	18,527	(40,094)		860
	222,613	(74,110)	160,376	(3,441)
Total other comprehensive income for the period,
net of income tax	28,575	(17,225)	118,526	87,785
Total comprehensive income for the period
2,811,254	4,146,991	633,642	21,746,858

TMB Bank Public Company Limited and its subsidiaries

Statements of profit or loss and other comprehensive income

	Consolidated		Bank only
	Three-month periods ended		Three-month periods ended
	31 March		31 March
	2021	2020	2021	2020
	(Unreviewed)		(Reviewed)		(Unreviewed)		(Reviewed)
			(in thousand Baht)
Profit attributable to:
Equity holders of the Bank	2,781,955	4,163,461	515,116	21,659,073
Non-controlling interest	724		755		-		-
Profit for the period	2,782,679	4,164,216	515,116	21,659,073
Total comprehensive income attributable to:
Equity holders of the Bank	2,810,551	4,146,261	633,642	21,746,858
Non-controlling interest	703		730		-		-
Total comprehensive income for the period	2,811,254	4,146,991	633,642	21,746,858
Earnings per share
Basic earnings per share (in Baht)	0.0289		0.0432		0.0053		0.2248
Diluted earnings per share (in Baht)
0.0288		0.0432		0.0053		0.2245