Page 270 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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4.15 Related party transactions

Related parties comprise individuals or enterprises that control, or are controlled by, the
Company, whether directly or indirectly, or which are under common control as the Company.

They also include individuals or enterprises which directly or indirectly own a voting interest
in the Company that gives them significant influence over the Company, key management

personnel, directors, and officers with authority in the planning and direction of the Company’s
operations.
Bangkok Commercial Asset Management Public Co., Ltd.
4.16 Income tax

Income tax expense comprises of current tax and deferred tax

Current income tax

Current income tax is provided in the accounts at the amount expected to be paid to the
taxation authorities, based on taxable profits determined in accordance with tax legislation.

Deferred tax

Deferred tax is recognised for temporary differences between the tax bases of assets and

liabilities and their carrying amounts as at the end of each reporting period, using the tax rate
enacted at the end of the reporting period.

The Company recognises deferred tax liabilities for all taxable temporary differences and

recognises deferred tax assets for deductible temporary differences to the extent that it is
probable that future taxable profit will be available against which such deductible temporary
differences can be utilised and the Company is certain about such future utilisation. At each

reporting date, the Company reviews the carrying amount of deferred tax assets and reduces
that carrying amount to the extent that it is no longer probable that sufficient taxable profit will
be available to allow all or part of the deferred tax asset to be utilised.

The Company records deferred tax directly to shareholders' equity if the tax relates to items

that are recorded directly to shareholders' equity.

4.17 Financial liabilities - Debts issued and borrowings

Debts issued and borrowings are initially recognised at the fair value less direct costs related

to debts issued and borrowings and subsequently measured at amortised cost, using the
effective interest rate method. Gain and loss are recognised in profit or loss when the liabilities
are derecognised as well as through the EIR amortisation process.

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