Page 146 - BAM ONE REPORT 2564 (ENGLISH VERSION)

144 Part 1
Business Operation and Performance

Legal Disputes

As of December 31, 2021, there were a total of 30 ongoing lawsuits against the Company, with an aggregate
claim amount of approximately Baht 392.24 million. Most of them are civil cases concerning revocation of juristic acts
or tort cases with claims for damages arising from the Company’s ordinary course of business.

The Company may have liabilities incurred from the claims for damages in various cases and the management
must exercise their discretion to evaluate the outcome of these cases. In the event where the management is
confident that no damage will be incurred from any cases, the Company will not record provisions for any such cases
in accordance with its accounting policy. As of December 31, 2021, the Company set aside an allowance for provisions
for litigation in a total amount of 27 million Baht. Such allowance is provided for legal disputes that arise from the
Company’s ordinary course of business and are considered insignificant.