Page 128 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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- Gain on loans purchased of receivables in Q4/2022, Baht 972 million, decreased by 3.3% qoq and
3.4% yoy. This is because the proportions of interest income and acquisition cost from debtors’
payments had increased, so less profit was recognized, compared to the preceding quarter. For the
year ended December 31, 2022, the Company has gain on loans purchased of receivables of Baht
3,703 million, increased by 11.5% yoy, the medium sized debtors and SME’ payments had been
Bangkok Commercial Asset Management Public Co., Ltd.
recovered, compared to the preceding year.

• In Q4/2022, the Company has total interest expenses of Baht 694 million, increasing by 3.3% qoq and
10.2% yoy. Debt issued - debentures of Baht 603 million increased by 19.2% yoy. For the year ended December
31, 2022, the Company has total interest expenses of Baht 2,637 million, increasing by 3.0% yoy. Interest expense
- borrowings of Baht 281 million decreased by 43.0% yoy and debt issued - debentures of Baht 2,260 million
increased by 15.4%, mainly due to rearrangement of the structure of liabilities according to cost of funds strategy
under rising interest rates. As of December 31, 2022, the Company’s average cost of funds is 3.19% (as of 2022: 2.98%).

Gain on sale of properties for sale and installment sale
For three-month period ended December 31, 2022, the Company has gain on sale of properties for sale
(outright sale) of Baht 782 million, increasing by 13.3% qoq and decreasing by 27.0% yoy. For the year ended
December 31, 2022, the Company has gain on sale of properties for sale (outright sale) of Baht 2,535 million,
decreasing b 14.4% yoy. Th Company’s outrigh s had improved, compared th preceding quarter. However,
it had decreased when compared to the year 2021 in which the Company used the pricing strategy to accelerate
sale of properties.

However, in this quarter, the Company has gain on installment sale of Baht 52 million, increasing by 6.1%
qoq and decreasing 3.7% yoy. For the year ended December 31, 2022, the Company has gain on installment sale
of Baht 247 million, decreasing by 64.2% yoy, because the Company received a large payment from a debtor which
is worth more than the acquisition cost in Q2/2021.

Other Operating Expenses

Unit: Baht in Million Q 4/2022 Q 3/2022 qoq Q 4/2021 yoy yoy
% Inc. % Inc. 2022 2021 % Inc.
(Dec.) (Dec.) (Dec.)

Other operating expenses 861 692 24.4 787 9.4 2,888 2,727 5.9
Employee expenses 484 372 30.1 490 (1.2) 1,578 1,599 (1.3)
Directors’ remunerations 7 2 250.0 8 (12.5) 14 13 7.7
Premises and equipment expenses 48 47 2.1 52 (7.7) 184 201 (8.5)
Taxes and duties 161 144 11.8 153 5.2 550 531 3.6
Impairment loss on properties for sale 25 (10) 350.0 20 24.4 33 21 57.1
Properties for sale expenses 53 65 (18.5) 38 39.5 285 136 109.6
Other expenses 82 72 13.9 26 215.4 245 226 8.4