Page 130 - BAM ONE REPORT 2564 (ENGLISH VERSION)

128 Part 1
Business Operation and Performance

Interest Income - net
This table mainly presents items that have significant changes.

Unit: Baht in Million Q 4/2021 Q 3/2021 qoq Q 4/2020 yoy yoy
% Inc. % Inc. 2021 2020 % Inc.
(Dec) (Dec) (Dec)

Interest Income - net 1,955 1,816 7.7 1,905 2.6 7,010 7,555 (7.2)
Total Interest Income 2,585 2,460 5.1 2,542 1.7 9,569 9,946 (3.8)
Deposit at financial institutions 1 2 (50.0) 3 (66.7) 8 5 60.0
Loans purchased of receivables 2,541 2,414 5.3 2,491 2.0 9,369 9,722 (3.6)
- Part of amount received 476 371 28.3 295 61.4 1,516 840 (80.5)
- Part of accrued 1,059 1,144 (7.4) 1,213 (12.7) 4,531 5,047 (10.2)
- Gain on loans purchased of receivables 1,006 899 11.9 983 2.3 3,322 3,835 (13.4)
Installment sale receivables 26 26 0.0 23 13.0 115 95 21.1
Total interest expenses 630 644 (2.2) 637 (1.1) 2,559 2,391 7.0
Debt issued – debentures 506 504 0.4 429 17.9 1,959 1,571 24.7
Debt issued – promissory notes 27 26 3.8 28 (3.6) 107 100 7.0
Borrowings 97 114 (14.9) 180 (46.1) 493 720 (31.5)

• In Q4/2021, the Company has total interest income of Baht 1,955 million, increasing by 7.7% qoq and
2.6% yoy. For year ended December 31, 2021, the Company has total interest income of Baht 7,010 million,
decreasing by 7.2 % yoy, mainly due to
- Interest income on loans purchased of receivables - part of amount received, Baht 476 million in
Q4/2021, increased by 28.3% qoq and 61.4% yoy. For year ended December 31, 2021, the Company
has interest income on loans purchased of receivables - part of amount received of Baht 1,516
million, increasing by 80.5% yoy. This is partly because the Covid-19 pandemic was less severe in
the second half of 2021. In addition, the Company has measures to provide assistance to debtors in
terms of the repayment terms and debtors impacted by the situation.
- The Company recognized interest income on loans purchased of receivables on accrual basis and
has an interest income on loans purchased of receivables - part of accrued of Baht 1,059 million in
Q4/2021. However, the Company also recorded expected credit losses on the interest income on
loan purchased of receivables – part of accrued in accordance with the Company’s performance.
- Gain on loans purchased of receivables in Q4/2021, Baht 1,006 million, increased by 11.9% qoq and
2.3% yoy. This is because in Q4/2021 the Company received repayments from debtors of which the
proportions of interest income and acquisition cost had decreased, so more profit was recognized.
For year ended December 31, 2021, the Company has gain on loans purchased of receivables of
Baht 3,322 million, decreasing by 13.4% yoy. This is because in Q1/2020 the Company received
a large payment from a debtor which was worth more than the acquisition cost.