Page 213 - E-BOOK

2. Total borrowings Baht 28,798 million which increased by 3.1% from the year ended 2019 from assets
purchase and use as revolving fund
3. Total debentures Baht 54,116 million which increased by 20.5% from the year ended 2019, due to
the Company offered debentures to institutional and high net worth investors in the amount of Baht
10,000 million on November 5, 2020. In this regard, the Company repaid debentures that matured in
2020 totaling Baht 800 million

• The Company has 3 debentures due in 2021, totaling Baht 7,000 million as follows:
1. Debentures No. 1/2019, Series 1, amount issued Baht 3,000 million, maturity date January 18, 2021
2. Debentures No. 1/2018, Series 2, amount issued Baht 3,000 million, maturity date June 21, 2021
3. Debentures No. 2/2017, Series 2, amount issued Baht 1,000 million, maturity date September 8, 2021

Equity
As of December 31, 2020, the Company has a total equity of Baht 41,797 million, increased from the year
ended 2019 by 1.5%. Such change was mainly due to the followings:
• In Q1/2020, Share Premium increased by Baht 2,645 million or 77.8% from Q4/2020, due to the Company
had increased its capital from Baht 15,075 million to Baht 16,160 million by issuing 217 million additional of 211
common shares with a par value of Baht 5 per share and the offering price of Baht 17.50 per share to be sold for
private placement based on overallotment option, totaling Baht 3,798 million with a capital surplus of Baht 2,645
million (net of share offering expenses of Baht 68 million) The Company had registered the increase of its capital
to the Ministry of Commerce on 16 January 2020.

• Other components of equity amounted to Baht 241 million, an increase of 469.7% compared to the Bangkok Commercial Asset Management Public Co., Ltd.
year ended 2019 due to the Company recorded revaluation surplus on investments of Baht 241 million. It was a
result of change in the fair value measurement method of equity investment in accordance with the Thai Financial
Reporting Standards 9 (TFRS9).

• The Company has retained earnings (unappropriated) of Baht 17,730 million which decreased by 16.2%
from the year ended 2019, due to:
- April 24, 2020, dividend payout from Retained Earnings Baht 3,394 million at the rate of Baht 1.05
per share.
- Decreased in Retained earnings of Baht 1,928 million, due to the cumulative effects of changes in
accounting policies due to the adoption of new financial reporting standards since January 1, 2020.
- The Company recognized deferred tax assets of Baht 4,130 million in respect to the past temporary
differences in 2019 as an asset. This adjustment has been made on the Company’s statement of
comprehensive income of the year 2019, leading to the Company’s Net profit of the respective year
to be restated to Baht 10,679 million (Net profit in 2019 - before adjustment Baht 6,549 million).
Therefore, the Company’s retained earnings (unappropriated) as of December 31, 2019, has increased
from Baht 17,034 million to Baht 21,163 million.