CIMB Thai Bank : Financial Statements for 3 months ended 31 March 2024 (Unreviewed)

CIMB Thai Bank Public Company Limited

Statement of Financial Position

As at 31 March 2024

	Consolidated	Separate
	(Unaudited)				(Unaudited)
	31 March		31 December	31 March		31 December
	2024	2023		2024	2023
	Thousand Baht		Thousand Baht	Thousand Baht		Thousand Baht
Assets
Cash	928,916	905,365		928,570	905,000
Interbank and money market items, net	4,575,906	7,594,159		4,449,667	7,272,401
Financial assets measured at fair value
through profit or loss	74,742,585	62,089,792		74,742,585	62,089,792
Derivative assets	73,769,745	60,285,766		73,769,745	60,285,766
Investments, net	113,130,997	112,778,908		113,128,997	112,776,908
Investments in subsidiaries, net	-	-		2,895,421	2,895,421
Loans and accrued interest receivables, net	244,744,923	241,101,162		240,098,289	236,437,428
Properties for sale, net	1,366,063	1,386,350		1,046,725	994,477
Premises and equipment, net	3,413,985	3,469,907		3,268,477	3,320,200
Right of use assets, net	215,093	190,404		183,367	155,585
Intangible assets, net	975,071	958,851		949,498	936,095
Deferred tax assets	1,674,872	1,915,718		836,358	1,147,099
Credit support assets on derivatives	22,384,412	12,466,327		22,384,412	12,466,327
Accounts receivable from sell of financial assets
measured at fair value through profit or loss
and investments	4,575,652	2,069,146		4,575,652	2,069,146
Other assets, net	2,793,015	1,764,490		2,526,556	1,649,086
Total assets	549,291,235		508,976,345		545,784,319		505,400,731

CIMB Thai Bank Public Company Limited

Statement of Financial Position (Cont'd)

As at 31 March 2024

	Consolidated		Separate
	(Unaudited)				(Unaudited)
	31 March		31 December		31 March		31 December
	2024	2023	2024	2023
	Thousand Baht		Thousand Baht		Thousand Baht		Thousand Baht
Liabilities and equity
Liabilities
Deposits	269,141,992	257,226,836	269,618,696	257,709,581
Interbank and money market items	85,057,310	77,266,565	85,057,310	77,266,565
Liability payable on demand	528,717	521,723	528,717	521,723
Financial liabilities measured at fair value
through profit or loss	19,971,110	20,107,334	19,971,110	20,107,334
Derivative liabilities	75,471,634	62,263,132	75,471,634	62,263,132
Debt issued and borrowings	21,179,577	21,634,303	21,179,577	21,634,303
Lease liabilities	219,862	194,550	187,373	159,268
Provisions	2,255,313	2,269,617	2,131,687	2,149,477
Credit support liabilities on derivatives	17,004,626	13,875,791	17,004,626	13,875,791
Accounts payable from purchase of financial
assets measured at fair value through
profit or loss and investments	5,811,458	1,728,024	5,811,458	1,728,024
Other liabilities	4,509,915	4,909,922	3,786,935	4,389,919
Total liabilities	501,151,514	461,997,797	500,749,123	461,805,117
Equity
Share capital
Registered
34,822,261,748 ordinary shares
of Baht 0.50 each	17,411,131	17,411,131	17,411,131	17,411,131
Issued and paid-up share capital
34,822,261,748 ordinary shares
of Baht 0.50 each	17,411,131	17,411,131	17,411,131	17,411,131
Premium on share capital	10,145,966	10,145,966	10,145,966	10,145,966
Other reserves	1,338,917	807,328	1,361,285	829,696
Accretion of equity interests in subsidiary	(42,754)	(42,754)	-	-
Retained earnings
Appropriated - statutory reserve	791,601	791,601	791,601	791,601
Unappropriated	18,494,860	17,865,276	15,325,213	14,417,220
Total equity	48,139,721	46,978,548	45,035,196	43,595,614

Total liabilities and equity	549,291,235	508,976,345	545,784,319	505,400,731

CIMB Thai Bank Public Company Limited

Statement of Comprehensive Income

For the three-month period ended 31 March 2024

	Consolidated	Separate
	(Unaudited)				(Unaudited)
	2024	2023		2024	2023
	Thousand Baht		Thousand Baht	Thousand Baht		Thousand Baht
Interest income	4,663,829	3,765,590		4,070,455	3,166,777
Interest expenses	(2,346,416)	(1,419,375)		(2,346,232)	(1,419,160)
Net interest income	2,317,413		2,346,215		1,724,223		1,747,617
Fees and service income	507,757	471,456		387,324	325,814
Fees and service expenses	(208,173)	(145,680)		(124,032)	(81,565)
Net fees and service income	299,584		325,776		263,292		244,249
Gains on financial instruments measured
at fair value through profit or loss, net	372,377	337,775		372,377	337,775
Gains (losses) on investments, net	123,049	237,041		123,049	237,041
Gains on sale of non-performing loans	98,549	272,126		-	-
Other operating income	295,168	309,886		205,032	234,783
Total operating income	3,506,140		3,828,819		2,687,973		2,801,465
Other operating expenses
Employee expenses	1,038,821	1,058,712		911,783	917,241
Directors' remuneration	3,766	4,680		3,766	4,680
Premises and equipment expenses	214,124	236,751		179,662	191,080
Taxes and duties	117,680	96,615		115,769	94,814
Others	817,747	563,638		276,143	259,236
Total other operating expenses	2,192,138		1,960,396		1,487,123		1,467,051
Expected credit losses	523,785		830,270		62,328		462,829
Profit before income tax expenses	790,217		1,038,153		1,138,522		871,585
Income tax expenses	(164,111)	(208,021)		(234,007)	(174,972)
Net profit for the period	626,106		830,132		904,515		696,613

CIMB Thai Bank Public Company Limited

Statement of Comprehensive Income (Cont'd)

For the three-month period ended 31 March 2024

	Consolidated	Separate
	(Unaudited)				(Unaudited)
	2024	2023		2024	2023
	Thousand Baht		Thousand Baht	Thousand Baht		Thousand Baht
Other comprehensive income
Items that will be reclassified
subsequently to profit or loss
Gains on investments in debt instruments
measured at fair value through other
comprehensive income	255,599	115,516		255,599	115,516
Losses on fair value of hedging instruments
for cash flow hedges	(15,474)	(37,053)		(15,474)	(37,053)
Gains arising from translating the
financial statement of a foreign operation	-	456		-	456
Income tax relating to items that will be
reclassified subsequently to profit or loss	(47,905)	(15,758)		(47,905)	(15,758)
Total items that will be reclassified
subsequently to profit or loss	192,220	63,161		192,220	63,161
Items that will not be reclassified
subsequently to profit or loss
(Losses) gains on investment in equity
instruments designated at fair value
through other comprehensive income	(692)	2,130		(692)	2,130
Gains (losses) on financial liabilities designated at
fair value relating to own credit risk	429,356	(44,300)		429,356	(44,300)
Income tax relating to items that will not be
reclassified subsequently to profit or loss	(85,817)	136,852		(85,817)	136,852
Total items that will not be reclassified
subsequently to profit or loss	342,847	94,682		342,847	94,682
Total other comprehensive income	535,067		157,843		535,067		157,843
Total comprehensive income
for the period	1,161,173	987,975		1,439,582	854,456

CIMB Thai Bank Public Company Limited

Statement of Comprehensive Income (Cont'd)

For the three-month period ended 31 March 2024

	Consolidated	Separate
	(Unaudited)				(Unaudited)
	2024	2023		2024	2023
	Thousand Baht		Thousand Baht	Thousand Baht		Thousand Baht
Net profit attributable to:
Shareholders of the Bank	626,106	830,132		904,515	696,613
Non-controlling interests	-	-		-	-
	626,106		830,132		904,515		696,613
Total comprehensive income
attributable to:
Shareholders of the Bank	1,161,173	987,975		1,439,582	854,456
Non-controlling interests	-	-		-	-
	1,161,173		987,975		1,439,582		854,456
Earnings per share for profit attributable
to the shareholders of the Bank
Basic earnings per share (Baht per share)	0.02	0.02		0.03	0.02
Weighted average number of
ordinary shares (shares)	34,822,261,748	34,822,261,748		34,822,261,748	34,822,261,748