126 Subsidiary Companies Shareholding (Percent) Profit (Loss) for the Year 2021 2020 2019 Ratchthani Leasing Public Company Limited (Consolidated) 60.16 1,709 1,860 1,964 Thanachart Insurance Public Company Limited 50.96 768 745 1,449 Thanachart Securities Public Company Limited 50.96 661 479 1,674 TS Asset Management Company Limited 99.99 43 24 135 MAX Asset Management Company Limited 83.44 34 7 224 NFS Asset Management Company Limited 100.00 88 (25) 135 MBK Life Assurance Public Company Limited 100.00 111 (383) (231) (Unit: Million Baht) fair value through profit or loss; a decrease of 404 million baht in receivables from purchase and sale of securities; a decrease of 558 million baht in other assets; an increase of 2,672 million baht in interbank and money market items - borrowing from financial institutions; an increase of 3 million baht in derivative liabilities; an increase of 5,975 million baht in loans to customers; an increase of 1,135 million baht in interbank and money market items - deposits at financial institutions; an increase of 103 million baht in derivative assets; a decrease of 819 million baht in payables from purchase and sale of securities; a decrease of 817 million baht in insurance contract liabilities; and a decrease of 479 million baht in other liabilities. • Net cash flows used in investing activities amounted to 4,628 million baht. This was due to a decrease of 7,781 million baht in investments in securities; cash received of 1,064 million baht from dividend; cash received of 204 million baht from interest; and cash received of 4 million baht from disposal of equipment. On the other hand, there were cash paid of 4,206 mi l l ion baht for purchase of investment in subsidiar ies, associated companies, and joint venture; and cash paid of 219 million baht for purchase of premises and equipment/intangible assets. • Net cash flows from financing activities amounted to 5,158 million baht. This included cash paid of 7,065 million baht for debts issued and borrowings; cash paid of 3,145 million baht for dividend; cash paid of 1,212 million baht for dividend to non-controlling interests; cash paid of 1,104 million baht for interest expenses on debts issued and borrowings; cash paid of 118 million baht for lease liabilities; cash received of 7,486 million baht from debts issued and borrowings. Commitments As of 31 December 2021, the Company and its subsidiaries had commitments in the amount of 10 million baht, a decrease of 54 million baht or 84.38 percent from the end of 2020. Percentage of shareholding and performance of significant subsidiaries based on their respective financial statements were as follows: Notes: 1. The Company and its subsidiary increased shareholding in Ratchthani Leasing Public Company Limited to 60.16 percent at the end of 2021. 2. The Company increased shareholding in MBK Life Assurance Public Company Limited from 51.00 percent to 100.00 percent on 4 August 2021.
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