Page 131 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 129

• In Q4/2021, the Company has total interest expenses of Baht 630 million, decreasing by 2.2% qoq and
1.1% yoy. For year ended December 31, 2021, the Company has total interest expenses of Baht 2,559 million,
increasing by 7.0% yoy, mainly because of financial management and liquidity. Regarding which, the proportion of
debentures issued was higher than that of borrowings from financial institutions. Moreover, the Company repaid
loans and debentures that were due, and NPLs and NPAs acquisition was reduced due to the wait-and-see strategy.

Gain on sale of properties for sale and installment sale
For three-month period ended December 31, 2021, the Company has gain on sale of properties for sale of
Baht 1,071 million, increasing by 59.1% qoq and 68.9% yoy. For year ended December 31, 2021, the Company has
gain on sale of properties for sale of Baht 2,963 million, increasing by 48.3% yoy. When compared to the same
period of the previous year, the sale of NPAs tends to improve significantly. This is the result of pricing strategy and
promotions through e-commerce platforms.

In this quarter, the Company has gain on installment sale of Baht 54 million, decreasing by 57.8% qoq and
84.9% yoy. For year ended December 31, 2021, the Company has gain on installment sale of Baht 690 million,
increasing by 70.8% yoy. This is because in Q2/2021 the Company received a large payment of NPAs sale which is
worth more than the acquisition cost of properties for sale.

Other Operating Expenses

Unit: Baht in Million Q4/2021 Q3/2021 qoq Q4/2020 yoy yoy
% Inc. (Restated) % Inc. 2021 2020 % Inc.
(Dec) (Dec) (Restated) (Dec)

Other operating expenses 787 714 10.2 693 13.6 2,727 2,641 3.3
Employee expenses 490 433 13.2 395 24.1 1,599 1,528 4.6
Directors’ remunerations 8 2 300.0 8 0.0 13 13 0.0
Premises and equipment expenses 52 48 8.3 54 (3.7) 201 217 (7.4)
Taxes and duties 153 122 25.4 129 18.6 531 457 16.2
Impairment loss on properties for sale
(reversal) 20 (8) 350.0 (3) 766.7 21 (10) 310.0
Properties for sale expenses 38 32 18.8 33 15.2 136 124 9.7
Other expenses 26 85 (69.4) 77 (66.2) 226 312 (27.6)