Page 302 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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As at 31 December 2022, the weighted average durations of payment for long-term employee

benefit were approximately 14 years (2021: 14 years).

Significant actuarial assumption was summarised below:

(Unit: % per annum)

31 December 2022 31 December 2021
Discount rates 1.71 1.71
Salary incremental rates 7.00 7.00
Bangkok Commercial Asset Management Public Co., Ltd.
Inflation rate 2.75 2.75

Turnover rate 0.57 - 6.88 0.57 - 6.88

The result of sensitivity analysis for significant assumptions that affect the present value of

the long-term employee benefits obligation as at 31 December 2022 and 2021 were
summarised below.

(Unit: Million Baht)

31 December 2022
Liabilities increase Liabilities decrease
Discount rate Decrease 1% 85 Increase 1% 75

Salary increase rate Increase 1% 94 Decrease 1% 84
Turnover rate Decrease 20% 19 Increase 20% 19

(Unit: Million Baht)

31 December 2021
Liabilities increase Liabilities decrease

Discount rate Decrease 1% 84 Increase 1% 72
Salary increase rate Increase 1% 97 Decrease 1% 85
Turnover rate Decrease 20% 18 Increase 20% 17

Moreover, the Company established Sinthavi Provident Fund, with BBL Asset Management
Co., Ltd. as the Fund manager, and K Master Pooled Fund, with Kasikorn Asset Management
Co., Ltd. as the Fund manager. To provide the choices for the employees, the Fund allows

members to select more than one investment policy to meet their best individual requirements.
According to the Fund’s rules, the Company’s employees could voluntarily apply for Fund

membership upon after they are employed as permanent employee. Fund members have to
make monthly contributions to the Fund at rates of 3% - 15% of their monthly salary depending
on their years of service and employees will obtain benefits in accordance with the Fund’s

rules. The Company’s contributions to the provident funds at rates of 6% - 10% of their
monthly salary depending on their years of service.

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