Page 134 - BAM ONE REPORT 2564 (ENGLISH VERSION)

132 Part 1
Business Operation and Performance

For year ended December 31, 2021, the Company’s collection received from NPLs management business
was Baht 8,718.6 million which consisted of collection from the debtors during the period of Baht 6,042.7 million
and collection from the Legal Execution Department of Baht 2,675.9 million.

Collection from NPAs Management Business
The following table sets forth the collection from the Company’s NPAs management business for the year
ended December 31, 2018, 2019, 2020 and 2021

Year ended December 31,

Collection received from NPAs management business 2018 2019 2020 2021
Baht Baht Baht Baht
(Million) (Million) (Million) (Million)

Outright sales
Gain on sale of properties for sale collected in cash 3,105.5 2,907.3 1,997.9 2,963.2
Decreased acquisition or transfer costs of properties for sale – net 1 2,216.8 2,316.9 1,881.5 3,280.8
Total collection from sale of properties for sale-Outright sales 5,322.3 5,224.2 3,879.4 6,244.0
Installment sales
Interest income 89.2 108.0 95.0 115.0
Collected debt repayment during the periods (in terms of cost and gain) 366.4 341.4 724.0 917.0

Total collection from installment sales of properties for sale 455.6 449.4 819.0 1,032.0
2
Total collection received from NPAs Management business 5,777.9 5,673.6 4,698.4 7,276.0

Notes : 1 Decreased net acquisition or transfer costs of properties for sale is calculated from (i) the total decreased
acquisition, transfer costs of properties for sale and adjustment and (ii) any reversal from revaluation of
properties for sale sold during the periods.
2
Collection from NPAs management business is calculated from (i) cash collected from outright sales; (ii) plus
cash collected from installment sales. We believe that, for our NPAs management business, cash collection is
a key performance indicator which is applied by other operators in the same business and various investors for
the estimated cash flow from NPAs management business. Collection from NPAs management business is
calculated based on key items only, and so does not include all collection from the NPAs management
business, such as (i) dividends from our investment in securities; (ii) rent; (iii) gain from foreclosures of
installment sales and (iv) other income from the breach of agreements, including asset sale agreements.
However, this collection is not an indicator of actual cash flow of our NPAs management business nor
a standard indicator prescribed by TFRS, and so our methods of calculation may differ from methods of
calculation used by other companies for similar items.

For the year ended December 31, 2021, the Company’s collection received from NPAs management
business is Baht 7,276.0 million which consisted of Baht 6,244.0 million from Outright sales and Baht 1,032.0 million
from installment sales.