Page 214 - E-BOOK

Interest Income –net
This table mainly presents items that has significant changes.

Unit: Baht in Million Q4/2020 Q3/2020 qoq Q4/2019 yoy 2020 2019 yoy
% Inc. % Inc. % Inc.
(Dec.) (Dec.) (Dec.)

Interest Income - net 1,905 1,510 26.2 584 226.2 7,555 7,007 7.8
Total Interest Income 2,542 2,101 21.0 1,192 113.3 9,946 9,140 8.8
Cash at financial institutions 3 - na 6 (50.0) 5 16 (68.8)
Loans purchased of receivables 2,491 2,043 21.9 1,152 116.2 9,722 8,968 8.4
- Part of fully received 295 211 39.8 272 8.5 840 1,518 (44.7)
- Part of account receivable 1,213 1,319 (8.0) - na 5,047 - na
- Gain on loans purchased of receivables 983 513 91.6 879 11.8 3,835 7,450 (48.5)
95
108
26
Installment sale receivables 637 591 (11.5) 608 9.5 2,391 2,132 (12.0)
21
23
12.1
Interest expenses
4.8
7.8
Annual Report 2020 Debt issued – debentures 429 379 (2.2) 401 55.6 1,571 1,270 (55.6)
13.2
23.7
7.0
28
28
225
18
Debt issued – promissory notes
0.0
100
189
13.0
Borrowings
720
184
637
180
(4.8)
212
• In Q4/2020, the Company has total interest income Baht 2,542 million, increased by 21.0% in comparison
to the previous quarter (qoq) and increased by 113.3 % in comparison to the previous year (yoy). For the year
ended 2020, the Company has total interest income Baht 9,946 million which increased 8.8%, mainly due to
- The Company has an interest income on loans purchased of receivables - part of amount received
of Baht 295 million in Q4/2020, increased by 39.8% qoq. This resulted from partial debtors resumed
their repayment after the end of moratorium programs.
- The Company has an interest income on loans purchased of receivables - part of accrued receivable
of Baht 1,213 million in Q4/2020 and Baht 5,047 million for the year ended 2020, which increased
from the initial adoption of new financial reporting standard. The Company recognizes interest
income on loans purchased of receivables from acquisition of receivables on an Accrual Basis and
records in accrued receivable. However, the Company also recorded Expected credit losses on an
interest income on loans purchased of receivables - part of accrued receivable in accordance to
present the Company’s performance.
- Gain on loans purchased of receivables in Q4/2020 is Baht 983 million, increased by 91.6% qoq and
11.8% yoy. For the year ended 2020, the Company has gain on loans purchased of receivables Baht
3,835 million which decreased by 48.5% yoy. This due to the Company has received the large
amount of payment from significant debtor in 2019.