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Bangkok Commercial Asset Management Public Company Limited Bangkok Commercial Asset Management Public Company Limited
Table of contents for notes to financial statements (continued) Notes to financial statements Form 56-1 One Report 2022

For the years ended 31 December 2022 and 2021 For the years ended 31 December 2022 and 2021

Note Contents 1. General information
34. Segment information
1.1 Corporate information
35. Commitment and contingent liabilities

36. Assets with obligations and restrictions Bangkok Commercial Asset Management Public Company Limited (“the Company”) is a
37. Risk Management public company incorporated and domiciled in Thailand. The Company’s major shareholder
38. Fair value of financial instruments is the Financial Institutions Development Fund (FIDF), holding 45.79 percent of registered

39. Event after the reporting period and paid-up share capital. The Company’ s business is the purchase or transfer of
40. Approval of the financial statements non-performing loans (NPLs) and non-performing assets (NPAs) for management or for

further disposal or transfer. The Company’s registered office is located at 99 Surasak Road,
Silom, Bang Rak, Bangkok. The Company has 25 branches.

1.2 Coronavirus disease 2019 pandemic

The Coronavirus disease 2019 pandemic is causing an impacting various business and

industries both directly and indirectly. This situation could create uncertainties and may affect
the Company’s business activities in terms of the ability of debtors to make payment. This
could impact the Company’s operating results, and cash flows in the future, which the impact

cannot be reasonably estimated at this stage. However, the Company’s management has
continuously monitored the ongoing developments and assessed the financial impact in
respect of the valuation of assets, provisions and contingent liabilities. Therefore, the

Company’s management has used estimate and judgement in various matter in order to
continuously assess the impact as the situation has evolved.

2. Basis for preparation of financial statements

The financial statements have been prepared in accordance with Thai Financial Reporting
Standards enunciated under the Accounting Professions Act B.E. 2547 and their presentation
has been made in compliance with the stipulations of the Bank of Thailand (“BOT”) Notification

No. Sor Nor Sor 21/2561, dated 31 October 2018, regarding “Preparation and Announcement
of Financial Statements of Commercial Banks and Parent Companies of Financial Holding
Groups”

The financial statements in Thai language are the official statutory financial statements of the

Company. The financial statements in English language have been translated from the
financial statements in Thai language.

The financial statements have been prepared on a historical cost basis except where

otherwise disclosed in accounting policies.

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