Page 133 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 131

Year ended December 31,
Collection received from NPLs management business 2018 2019 2020 2021
Baht Baht Baht Baht
(Million) (Million) (Million) (Million)

Interest income from loans purchased 1 1,856.8 1,518.9 5,887.9 6,047.2
Gain on loans purchased 4,438.4 7,449.6 3,835.4 3,322.1

Net repayment and adjusted entries 9,081.4 10,907.8 8,319.2 7,907.5
Total 15,376.6 19,876.3 18,042.5 17,276.8
Less the portion of accrued interest receivables
2
and receivables repayment from the debtors by collateral (6,376.5) (13,018.2) (12,245.0) (11,234.1)
Collection from the debtors during the period 3 9,000.1 6,858.1 5,797.5 6,042.7
Collection from the Legal Execution Department during the period 4 1,791.1 7,200.5 2,598.8 2,675.9
5
Total Collection from NPLs management business 10,791.2 14,058.6 8,396.3 8,718.6

Note : 1 “Interest income from loans purchased” and “gain on loans purchased” are presented as two separate line
items in the audited financial statements for the year ended December 31, 2018. However, these items are
presented as combined line item, “Interest income from loans purchased” in the audited financial statement
for the year ended December 31, 2019, 2020 and 2021 However, due to the new financial reporting standard
that became effective in the current period, notes to financial statements for the year ended December 31,
2021 present “interest income on loans purchased of receivable” separately into (i) part of fully received and
(ii) part of account receivable.
2 See “Critical Accounting Policies and Estimates- Recognition of interest income and gain on loans purchased”
3 Collection from the debtors during the period is calculated from (i) gain on interest income of loans purchased;
(ii) plus gain on loans purchased; (iii) plus net repayment and adjusted entries; and (iv) less the portion of
accrued interest receivables and receivables repayment from the debtors by collateral.
4 Collection from the Legal Execution Department since the year ended December 31, 2021, is shown as
a third-party purchaser won the auction of underlying collateral and the Company has a certainty in receiving
and recognizing an income from auction sale.
5 Collection from NPLs management business is calculated from the sum of (i) collection from the debtors
during the period; and (ii) cash collected from the Legal Execution Department during the period. We believe
that, for our NPLs management business, collection is a key performance indicator which is applied by other
operators in the same business and various investors for the estimated collection of NPLs management
business. Collection from NPLs management business reflects interest income from loans purchased, gain on
loans purchased and net repayment and adjusted entries, and is calculated based on key items only, and so
does not include collection items from the NPLs management business which we have recognized (such as
collection from auction sale pending recognition, suspended account for debt repayment, check pending
collection and suspended account for write-off). However, collection is not an indicator of actual cash flow of
our NPLs management business nor a standard indicator prescribed by TFRS, and so our methods of calculation
may differ from the methods of calculation used by other companies for similar items.