114 Consolidated Financial Statements of Thanachart Capital Public Company Limited and its Subsidiaries Statements of Cash Flows for the Year Ended 31 December 2021 2020 2019 Cash Flows from Operating Activities Profit before Income Tax 7,558,494 9,404,932 23,464,638 Adjustments to Reconcile Profit before Income Tax to Net Cash Received by (Paid from) Operating Activities Share of Profit from Investments Accounted for under Equity Method (1,986,341) (2,154,393) (366,638) Depreciation and Amortization 228,110 195,264 84,342 Expected Credit Loss 482,865 606,102 - Reversal of Bad Debt and Doubtful Accounts and Impairment Loss - - (316,254) Increase in Provisions (8,867) 45,350 122,721 Increase (Decrease) in Allowance for Impairment of Property Foreclosed (771,301) (73,075) 343,628 Decrease in Allowance for Impairment of Equipment/Other Assets (18,616) (8,716) (1,732) Loss from Revaluation of Buildings - - 1,678 Interest Income and Gain on Assets Transferred fro Debt Settlement (206) (2,733) (6,012) Unrealized Loss (Gain) from Change in Value of Investments/ Allowance for Impairment of Investments - - (266,274) Gain on Financial Instruments Measured at Fair Value through Profit or Loss (137,731) (37,824) - Gain on Disposal of Investments in Subsidiaries/an Associated Company - - (4,663,620) Loss (Gain) on Disposal of Equipment and Intangible Assets 918 3,537 10,989 Decrease (Increase) in Accrued Other Income Receivables (104,746) 20,237 (180,140) 5,242,579 7,998,681 18,227,326 Net Interest Income (2,671,236) (2,592,925) (2,739,601) Dividend Income (145,382) (308,218) (181,467) Cash Received from Interest on Operating Activities 3,841,100 3,916,642 4,041,806 Cash Paid for Interest on Operating Activities (262,534) (207,427) (362,494) Cash Paid for Income Tax (1,215,688) (1,753,599) (984,679) Income from Operating Activities before Changes in Operating Assets and Liabilities 4,788,839 7,053,154 18,000,891 (Unit: Thousand Baht)
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