Page 122 - BAM ONE REPORT 2565 (ENGLISH VERSION)

116

Statement of Cash Flows (Continued)

Year ended December 31,
2020 2021 2022
Statement of Cash Flows
Amount Amount Amount
Bangkok Commercial Asset Management Public Co., Ltd.
Baht Baht Baht
(in Million) (in Million) (in Million)
Net increase (decrease) in cash and cash equivalents 6,328.5 (4,279.2) 3,301.4
Increase in allowance for expected credit loss - deposits at financial institution - - (1.2)
Cash and cash equivalents as at beginning balance 1,379.9 7,708.4 3,429.2
Cash and cash equivalents as at ending balance 7,708.4 3,429.2 6,729.4

Key Financial Ratio

Year ended December 31,
Financial Ratios Unit
2020 2021 2022

Profitability ratios
Gross profit margin % 80.78 80.76 79.34
1
Operating profit margin % 17.61 24.42 24.99
2
Cash flow to income ratio % 1.41 164.69 27.93
3
Net profit margin % 14.79 19.54 21.32
4
Return on equity (ROE) % 11.05 13.75 13.52
*

Efficiency ratios
*
Return on assets (ROA) % 3.64 4.51 4.52
Total assets turnover times 0.10 0.10 0.10

Financial Policy Ratio
Total liability-to-equity ratio times 2.16 1.94 2.04
Intereset coverage ratio times 1.98 3.29 1.67
5*
6
Debt service coverage ratio (Cash Basis) times 0.001 0.21 0.04
Dividend payout ratio % 31.78 89.99 68.36
7
Interest Bearing Debt to equity ratio times 2.09 1.87 1.96
8*