Page 129 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 127

3. Total debentures of Baht 62,111 million increased by 14.8% from the year ended 2020. This is because
the Company offered debentures to institutional investors and high-net-worth investors of Baht 12,000 million
in Q2/2021 and Baht 3,000 million in Q4/2021.

• The Company has repaid all the debentures due in 2021, consisting of 3 series worth Baht 7,000 million
in total. The Company has 3 debentures due in 2022 of Baht 6,400 million as follows:
1. Debenture No.1/2021, Series 1, amount issued Baht 2,000 million, maturity date April 9, 2022.
2. Debenture No.1/2017, Series 3, amount issued Baht 1,400 million, maturity date June 23, 2022.
3. Debenture No.1/2019, Series 2, amount issued Baht 3,000 million, maturity date July 18, 2022.

In addition, the Company plans to issue and offer debentures in the remaining amount approved by the
2021 Annual General Meeting of Shareholders or not exceeding Baht 25,000 million to institutional and high net
worth investors during 2022-2023. However, the above financial goals and schemes are the Company's initial
expectations, which may change according to the economic situation and changing circumstances.

As at December 31, 2021, the Company's debt-to-equity ratio was 1.94 times.

Equity
As of December 31, 2021, the Company has total equity of Baht 42,756 million, increasing by 2.3%. from the
year ended 2020. Such change was mainly due to the followings:
• Other components of equity amounted to Baht 255 million, increasing by 6.1% from the year ended
2020 because the Company recorded revaluation surplus on investments.

• The Company has retained earnings (unappropriated) of Baht 18,673 million, increasing by 5.3%
from the year ended 2020, because the Company records the remaining net retained earnings according to the
accounting period. In addition, in Q2/2021 the Company paid the dividend payment of the business operation of
the year 2020 at the rate of Baht 0.5125 per share, totaling Baht 1,656 million.