Page 130 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Year ended December 31,

Collection received from NPLs management business 2019 2020 2021 2022
Baht Baht Baht Baht
(Million) (Million) (Million) (Million)
Bangkok Commercial Asset Management Public Co., Ltd.
1
Interest income from loans purchased 1,518.9 5,887.9 6,047.2 6,076.7
Gain on loans purchased 7,449.6 3,835.4 3,322.1 3,702.8
Net repayment and adjusted entries 10,907.8 8,319.2 7,907.5 8,925.5

Total 19,876.3 18,042.5 17,276.8 18,705.0
Less the portion of accrued interest receivables and
2
receivables repayment from the debtors by collateral (13,018.2) (12,245.0) (11,234.1) (12,274.3)
3
Collection from the debtors during the period 6,858.1 5,797.5 6,042.7 6,430.7
Collection from the Legal Execution Department during the period 7,200.5 2,598.8 2,675.9 3,683.8
4
Total Collection from NPLs management business 14,058.6 8,396.3 8,718.6 10,114.5
5

Notes : 1 In Notes to Financial Statements for the year ended December 31, 2022, “interest income from loans
purchased” are presented as two separate line items: (i) part of amount received and (ii) part of accrued
receivables.
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 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.

For the year ended December 31, 2022, the Company’s collection received from NPLs management business
was Baht 10,114.5 million which consisted of collection from the debtors during the period of Baht 6,430.7 million and
collection from the Legal Execution Department of Baht 3,683.8 million.