Page 215 - E-BOOK

Gain on sale of properties for sale and installment sale
The Company acquired NPAs mainly from (i) direct purchase from financial institutions and (ii) bid the collaterals
from our clients via LED public auction into our NPAs portfolio. For three - month period ended December 31,
2020, the company has gain on sale of properties for sale of Baht 642 million which decreased by 9.8% qoq and
63.9% yoy. For the year ended December 31, 2020, the company has gain on sale of properties for sale of Baht
2,015 million which decreased by 30.7% yoy. This results from the downturn and lower purchasing power.

For three - month period ended December 31, 2020, the company has gain on installment sale of Baht 357
million which increased by 1,222.2% qoq and 2,646.2% yoy. For the year ended December 31, 2020, the Company
has gain on installment sale of 404 million which increased by 329.8% yoy. This due to the Company has received
the large amount of payment from significant buyers in Q4/2020.

Other operating expenses

Unit: Baht in Million Q4/2020 Q3/2020 qoq Q4/2019 yoy 2020 2019 yoy
% Inc. % Inc. % Inc.
(Dec.) (Dec.) (Dec.) 213

Other operating expenses 702 653 7.5 1,169 (39.9) 2,658 3,757 (29.3)
Employee expenses 395 384 2.9 598 (33.9) 1,528 2,144 (28.7)
Directors’ remunerations 8 2 300.0 8 0.0 13 20 (35.0)
Premises and equipment expenses 54 56 (3.6) 56 (3.6) 217 224 (3.1)
Taxes and duties 129 126 2.4 201 (35.8) 457 765 (40.3)
Impairment loss on properties for sale (reversal) (3) (5) (40.0) (15) (80.0) (10) (25) (60.0) Bangkok Commercial Asset Management Public Co., Ltd.
Properties for sale expenses 33 34 (2.9) 23 43.5 124 97 26.5
Other expenses 85 56 51.8 298 (71.5) 329 532 (38.2)

• For three-month period ended December 31, 2020, the Company has other operating expenses of
Baht 702 million which increased by 7.5% qoq and decreased by 39.9% yoy. For the year ended December 31,
2020, the Company has other operating expenses of Baht 2,658 million which decreased by 29.3% yoy. The
main factors are as follows:
- The main operating cost of the Company is Employee expenses. In Q4/2020, this expense item
of Baht 395 million has increased by 2.9% qoq and decreased by 33.9% yoy. For the year ended
December 31, 2020, the Company has employee expenses Baht 1,528 million which decreased
by 28.7% yoy, due to the Company recorded less accrued bonus payment for the employees in
relation to the business performance.
- The Company has Tax and duties of Baht 129 million, increased by 2.4% qoq and decreased by
35.8% yoy. This results from the Company paid more special business tax in accordance with
more properties foreclosed and sales on NPAs. For the year ended December 31, 2020, the
Company has Tax and duties of Baht 457million, decreased by 40.3% yoy.