Page 218 - E-BOOK

For the year ended December 31, 2020, the Company’s cash collection received from NPLs management
business was Baht 8,396.3 million which consisted of Baht 5,797.5 million from cash collected from the debtors
and Baht 2,598.8 million from the Legal Execution Department during the period.

Cash Collection from NPAs Management Business
The following table sets forth the cash collection from the Company’s NPAs management business for the
years ended December 31, 2018, 2019 and 2020.
Year ended
December 31,
Cash collection received from NPA management business 2018 2019 2020
Baht Baht Baht
(Million) (Million) (Million)
Outright sales

Gain on sale of properties for sale collected in cash 3,105.51 2,907.3 2,015.2
Decreased acquisition or transfer costs of properties for sale – net 2,216.79 2,316.9 1,864.2
1
Total cash collected from sale of properties for sale-Outright sales 5,322.30 5,224.2 3,879.4
Installment sales 89.19 108.0 95.0
Annual Report 2020 Collected debt repayment during the periods (in terms of cost and gain) 455.60 449.4 858.0
Interest income
763.0
341.4
366.41
Total cash collected from installment sales of properties for sale
Total cash collection received from NPA
216 Management business 5,777.90 5,673.6 4,737.4
2

Notes: 1 decreased net acquisition or transfer costs of properties for sale is calculated from (i) the total decreased
acquisition, transfer costs of properties for sale and adjustment and (ii) any reversal from revaluation of
properties for sale sold during the periods.
2 Cash collected from NPAs management business is calculated from (i) cash collected from outright sales;
(ii) plus cash collected from installment sales. We believe that, for our NPAs management business, cash
collection is a key performance indicator which is applied by other operators in the same business and
various investors for the estimated cash flow from NPAs management business. Cash collected from
NPAs management business is calculated based on key items only, and so does not include all cash
collected from the NPAs management business, such as (i) dividends from our investment in securities; (ii) rent;
(iii) gain from foreclosures of installment sales and (iv) other income from the breach of agreements, including
asset sale agreements. However, cash collection is not an indicator of actual cash flow of our NPAs
management business nor a standard indicator prescribed by TFRS, and so our methods of calculation
may differ from methods of calculation used by other companies for similar items.

For the year ended December 31, 2020, the Company’s cash collection received from NPAs management
business is Baht 4,737.4 million which consisted of Baht 3,879.4 million from Outright sales and Baht 858.0 million
from installment sales.