Siam Commercial Bank Public : Financial Statements (Unaudited) Quarterly 4Q2021

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of financial position

	Consolidated	The Bank
	31	December	31	December
Assets	2021	2020	2021	2020
	(Unaudited)	(Audited)	(Unaudited)	(Audited)
		(in thousand Baht)
Cash	50,420,794	51,631,543	50,218,021	51,528,618
Interbank and money market items, net	618,268,620	547,504,036	606,102,663	539,107,537
Financial assets measured at fair value through profit or loss	68,707,387	28,032,542	49,153,992	23,106,838
Derivative assets	57,579,088	86,829,862	57,617,292	87,095,023
Investments, net	222,634,338	311,795,715	222,587,104	312,059,270
Investments in subsidiaries, associates and joint venture, net	781,207	-	30,184,820	24,659,612
Loans to customers and accrued interest receivables, net	2,165,455,869	2,130,308,123	2,160,069,924	2,125,942,032
Properties for sale, net	18,200,943	16,136,334	17,983,943	15,917,594
Investment properties, net	511,094	-	923,795	287,464
Premises and equipment, net	45,196,041	40,308,637	43,179,980	38,642,255
Goodwill and other intangible assets, net	18,384,743	18,566,173	17,346,287	17,678,858
Deferred tax assets	3,681,058	4,505,357	3,339,512	4,239,543
Other assets, net	44,743,711	42,765,197	41,306,633	40,177,545
Total assets	3,314,564,893	3,278,383,519	3,300,013,966	3,280,442,189

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of financial position

	Consolidated	The Bank
	31	December	31	December
Liabilities and shareholders' equity	2021	2020	2021	2020
	(Unaudited)	(Audited)	(Unaudited)	(Audited)
		(in thousand Baht)
Liabilities
Deposits	2,466,717,291	2,420,455,426	2,469,200,797	2,429,779,524
Interbank and money market items	181,739,543	198,491,004	182,306,436	198,359,503
Liabilities payable on demand	10,539,176	10,266,910	10,538,939	10,266,680
Financial liabilities measured at fair value through profit or loss	5,750	3,771	-	-
Derivative liabilities	49,200,116	79,271,805	49,645,817	79,775,566
Debt issued and borrowings	74,921,623	67,234,660	69,105,130	66,800,699
Provisions	20,342,267	17,896,778	19,715,987	17,330,929
Deferred tax liabilities	887,849	132,018	-	-
Other liabilities	67,596,367	72,802,099	62,530,400	68,385,233
Total liabilities	2,871,949,982	2,866,554,471	2,863,043,506	2,870,698,134
Shareholders' equity
Share capital
Authorised share capital
3,582,667,230 preferred shares of Baht 10 each	35,826,672	35,827,259	35,826,672	35,827,259
3,417,332,770 common shares of Baht 10 each	34,173,328	34,172,741	34,173,328	34,172,741
Issued and paid-up share capital
3,542,873 preferred shares of Baht 10 each	35,429	36,015	35,429	36,015
3,395,649,325 common shares of Baht 10 each	33,956,493	33,955,907	33,956,493	33,955,907
Premium on share capital
Premium on preferred shares	13,855	14,085	13,855	14,085
Premium on common shares	11,110,336	11,110,106	11,110,336	11,110,106
Other reserves	22,837,505	16,906,997	21,633,291	16,919,044
Retained earnings
Appropriated
Legal reserve	7,000,000	7,000,000	7,000,000	7,000,000
Unappropriated	366,052,563	342,406,796	363,221,056	340,708,898
Total owners of the company	441,006,181	411,429,906	436,970,460	409,744,055
Non-controlling interests	1,608,730	399,142	-	-
Total shareholders' equity	442,614,911	411,829,048	436,970,460	409,744,055
Total liabilities and shareholders' equity	3,314,564,893	3,278,383,519	3,300,013,966	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 4/21	Quarter 3/21	Quarter 4/20	Quarter 4/21	Quarter 3/21	Quarter 4/20
	(Unreviewed)	(Reviewed)	(Unreviewed)	(Unreviewed)	(Reviewed)	(Unreviewed)
			(in thousand Baht)
Interest income	29,065,243	27,739,188	28,325,410	28,613,529	27,430,901	28,191,750
Interest expenses	4,277,993	4,205,942	4,704,903	4,207,440	4,157,946	4,687,906
Net interest income	24,787,250	23,533,246	23,620,507	24,406,089	23,272,955	23,503,844
Fee and service income	12,980,772	12,160,779	13,649,496	11,048,637	10,561,055	12,142,898
Fee and service expenses	2,697,251	2,496,918	2,227,970	2,187,087	2,045,350	1,974,941
Net fee and service income	10,283,521	9,663,861	11,421,526	8,861,550	8,515,705	10,167,957
Net gain on financial instruments measured
at fair value through profit or loss	2,775,023	2,502,040	1,168,855	1,739,534	1,397,831	1,268,153
Net gain on investments	39,597	12,885	8,818	39,598	13,383	8,818
Share of profit from investments in associates and joint venture	61,379	46,243	-	-	-	-
Dividend income	15,828	45,771	5,912	1,558,557	531,033	350,041
Other operating income	1,247,894	1,105,753	140,031	1,324,412	1,066,050	93,948
Total operating income	39,210,492	36,909,799	36,365,649	37,929,740	34,796,957	35,392,761
Other operating expenses
Employee expenses	7,759,442	7,157,342	7,551,896	6,614,190	6,002,059	6,766,111
Directors' remuneration	33,920	31,656	29,740	25,220	25,355	25,000
Premises and equipment expenses	2,845,227	2,506,626	3,189,485	2,610,630	2,319,566	3,052,738
Taxes and duties	876,665	891,602	995,929	860,643	879,214	993,452
Other expenses	5,741,215	5,225,705	4,282,828	5,518,532	5,285,445	4,557,647
Total other operating expenses	17,256,469	15,812,931	16,049,878	15,629,215	14,511,639	15,394,948
Expected credit loss	11,953,841	10,035,000	14,234,000	11,849,167	9,888,297	14,190,242
Profit from operations before income tax expenses	10,000,182	11,061,868	6,081,771	10,451,358	10,397,021	5,807,571
Income tax expenses	2,189,631	2,285,803	1,164,400	1,718,751	1,961,435	989,368
Net profit	7,810,551	8,776,065	4,917,371	8,732,607	8,435,586	4,818,203

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of profit or loss and other comprehensive income

		Consolidated			The Bank
	Quarter 4/21	Quarter 3/21	Quarter 4/20	Quarter 4/21	Quarter 3/21	Quarter 4/20
	(Unreviewed)	(Reviewed)	(Unreviewed)	(Unreviewed)	(Reviewed)	(Unreviewed)
			(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	(156,996)	(146,250)	346,298	(156,996)	(146,250)	346,298
(Loss) gain arising from translating the financial statements
of a foreign operation	(112,643)	72,408	56,086	2,631	(356,935)	201,223
Income tax relating to components of other comprehensive income
(loss) will be reclassified subsequently to profit or loss	31,399	29,250	(69,259)	31,399	29,250	(69,259)
	(238,240)	(44,592)	333,125	(122,966)	(473,935)	478,262
Items that will not be reclassified subsequently to profit or loss
(Loss) gain on investments designated at fair value through
other comprehensive income	(100,030)	-	-	(100,029)	-	-
Changes in revaluation surplus	8,960,197	-	(29,895)	8,444,909	-	-
Actuarial gain on defined benefit plans	493,992	-	-	480,577	-	-
Income tax relating to components of other comprehensive (loss)
income will not be reclassified subsequently to profit or loss	(1,845,081)	-	5,978	(1,765,091)	-	-
	7,509,078	-	(23,917)	7,060,366	-	-
Total other comprehensive income (loss), net of income tax	7,270,838	(44,592)	309,208	6,937,400	(473,935)	478,262
Total comprehensive income	15,081,389	8,731,473	5,226,579	15,670,007	7,961,651	5,296,465
Net profit (loss) attributable to:
Owners of the company	7,878,555	8,817,920	4,965,445	8,732,607	8,435,586	4,818,203
Non-controlling interests	(68,004)	(41,855)	(48,074)	-	-	-
Total comprehensive income (loss) attributable to:
Owners of the company	15,149,379	8,772,251	5,275,631	15,670,007	7,961,651	5,296,465
Non-controlling interests	(67,990)	(40,778)	(49,052)	-	-	-
Earnings per share of the parent company
Basic earnings per share (in Baht)	2.32	2.59	1.46	2.57	2.48	1.42

The Siam Commercial Bank Public Company Limited and its Subsidiaries

Statement of profit or loss and other comprehensive income

	Consolidated		The Bank
	For the year ended	For the year ended
	31 December		31 December
	2021	2020	2021	2020
	(Unaudited)	(Audited)	(Unaudited)	(Audited)
		(in thousand Baht)
Interest income	112,176,572	118,370,775	111,063,711	117,954,045
Interest expenses	17,005,762	21,471,857	16,845,518	21,364,318
Net interest income	95,170,810	96,898,918	94,218,193	96,589,727
Fee and service income	50,355,543	45,621,229	43,549,253	41,021,214
Fee and service expenses	10,157,495	9,034,920	8,302,695	7,991,446
Net fee and service income	40,198,048	36,586,309	35,246,558	33,029,768
Net gain on financial instruments measured
at fair value through profit or loss	11,090,364	7,664,129	6,566,242	7,391,564
Net gain on investments	145,987	1,700,659	146,486	1,702,320
Share of profit (loss) from investments in associates and joint venture	556,560	(78,147)	-	-
Dividend income	166,035	155,445	3,770,546	2,352,087
Other operating income	3,014,245	1,840,401	2,964,412	1,725,760
Total operating income	150,342,049	144,767,714	142,912,437	142,791,226
Other operating expenses
Employee expenses	30,006,793	31,452,934	25,768,575	28,331,801
Directors' remuneration	111,658	116,654	84,346	100,240
Premises and equipment expenses	10,848,501	12,625,740	10,156,782	12,105,230
Taxes and duties	3,611,082	3,846,614	3,566,094	3,833,395
Other expenses	18,968,893	16,288,283	19,539,643	18,189,820
Total other operating expenses	63,546,927	64,330,225	59,115,440	62,560,486
Expected credit loss	42,024,476	46,649,468	41,665,279	46,299,044
Profit from operation before income tax expenses	44,770,646	33,788,021	42,131,718	33,931,696
Income tax expenses	9,375,857	6,794,329	7,652,557	6,156,341
Net profit	35,394,789	26,993,692	34,479,161	27,775,355