Page 125 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 123

Statement of Cash Flows

Year ended December 31,

Statement of Cash Flows 2019 2020 2021
Amount Amount Amount
Baht Baht Baht
(in Million) (in Million) (in Million)
Net increase (decrease) in cash and cash equivalents 348.2 6,328.5 (4,279.2)
Cash and cash equivalents as at beginning balance 1,031.6 1,379.9 7,708.4
Cash and cash equivalents as at ending balance 1,379.8 7,708.4 3,429.2

Key Financial Ratio

Year ended December 31,
Financial Ratios Unit 2019 2020 2021
1
Adjustment
Profitability ratios
Gross profit margin % 82.55 80.78 80.76
2
Operating profit margin % 50.71 17.61 24.42
3
Cash flow to income ratio % (19.27) 1.41 164.69
4
Net profit margin % 87.27 14.79 19.54
5
Return on equity (ROE)* % 21.32 11.05 13.75

Efficiency ratios
Return on assets (ROA)* % 7.08 3.64 4.51
Total assets turnover times 0.11 0.10 0.10

Financial Policy Ratio
Total liability-to-equity ratio times 1.91 2.16 1.94
6*
Interest coverage ratio times 3.98 1.98 3.29
Debt service coverage ratio (Cash Basis) 7 times (0.02) 0.001 0.21
Dividend payout ratio % 309.91 31.78 89.99
8
9*
Interest Bearing Debt to equity ratio times 1.84 2.09 1.87