Page 126 - BAM ONE REPORT 2564 (ENGLISH VERSION)

124 Part 1
Business Operation and Performance

Key Financial Ratio

Year ended December 31,
Financial Ratios Unit 2019 2020 2021
1
Adjustment
Specific Ratio for our Business
Cash collection from NPL management business to net NPLs % 18.40 10.83 24.54
10
Allowance for doubtful account to NPLs % 7.47 14.56 19.56
11
Cash collection from NPA management business to net NPAs % 24.75 17.76 11.54
12
Allowance for impairment of NPAs to NPAs % 2.04 1.71 1.69
13

1
Remark Financial Statement for the year ended December 31, 2019 has been restated. Such changes alter some
financial ratios calculations.
2 Gross profit margin is calculated from the sum of (i) total interest income (excluding interest income on
deposits); (ii) gain (loss) on investment in securities - net; (iii) gain on loans purchased; (iv) gain on properties
for sale; (v) gain on installment sales; and (vi) other operating income less total interest income and
further divided by the sum of (i) - (vi) .
3 Operating profit margin is calculated from operating profits before income tax expenses less interest income
on deposits and further divided by the sum of (i) total interest income (excluding interest income on deposits);
(ii) gain (loss) on investment in securities – net; (iii) gain on credit for purchase of receivables; (iv) gain on
sale of properties foreclosed; (v) gain on installment sales; and (vi) other operating income.
4 Cash flow to income ratio is calculated from cash flows operations divided by operating profits before
income tax expenses and further less operating profits before income tax expenses.
5 Net profit margin is calculated from net profit divided by the sum of (i) total interest income (ii) gain (loss) on
investment securities - net; (iii) gain on loans purchased; (iv) gain on properties for sale; (v) gain on installment
sales; and (vi) other operating income.
6* Interest coverage ratio is calculated from cash flows from operating add back cash paid on interest and
cash paid on income tax and further divided by cash paid on interest.
7 Debt service coverage ratio (Cash Basis) is calculated from cash flows from operating divided by sum of (i)
cash paid on repayment of loans and debt securities; (ii) cash paid on debentures; (iii) cash paid on
purchase of property, plant, and equipment; (iv) cash paid on purchase of intangible assets; and (v) cash
paid on dividend payment to shareholders.
8 Dividend payout ratio is calculated from cash paid on dividend payment stipulated in statement of cash
flows divided by net profit of the preceding year.
9* Interest bearing debt to equity ratio is calculated from debt issued and borrowing divided by shareholders’ equity