56-1 One Report / Annual Report 2021 Thanachart Capital Publ ic Company Limited 131 As of 31 December 2021, total liabilities of THANI and its subsidiary amounted to 37,657 million baht, representing a decrease of 0.11 percent compared to 2020 year end. Thanks to THANI’s implementation of the cautious lending policy in 2021 as well as its efficient capital and liquidity management in line with the lending activities, THANI was able to keep the interest rate spread at the consistently profitable level. As of 31 December 2021, loans of THANI and its subsidiary consisted of short-term loans and overdrafts worth 17,796 million baht, long-term loans worth 2,045 million baht and long-term debentures worth 16,794 million baht. Shareholders’ Equity On 8 April 2021, the Annual General Meeting of Shareholders of THANI adopted a resolution approving an allocation worth 94 million baht from 2020 net profit as statutory reserve. The meeting also adopted a resolution approving the dividend payment to shareholders at the rate of 0.17 baht per share, totaling to 963 million baht or accounting for 51.77 percent of 2020 net profit. As of 31 December 2021, shareholders’ equity of THANI amounted to 11,566 million baht, representing an increase of 748 million baht or 6.91 percent compared to the year 2020. This was mainly due to the net profit of 1,709 million baht, the dividend payment of 963 million baht, and the profit allocation as statutory reserve of 86 million baht Cash Flows 31 December 2021 31 December 2020 Cash Flows from (Used in) Operation Activities 1,404 5,925 Cash Flows from (Used in) Investing Activities (13) (16) Cash Flows from (Used in) Financing Activities (1,958) (5,294) Increase (Decrease) in Cash - net (567) 615 Cash and Deposits at Banks 476 1,044 Liquidity (Unit: Million Baht) As of 31 December 2021, cash of THANI and its subsidiary amounted to 476 million baht. In this connection, net cash flows decreased by 568 million baht from the year 2020 which had cash of 1,044 million baht. The decrease was mainly due to net cash flows worth 1,404 million baht from operating activities as a result of the efforts to mobilize funds for accommodating THANI’s lending activities. Meanwhile, net cash flows used in financing activities for THANI’s normal lending activities amounted to 1,958 million baht. On the other hand, net cash flows used in investing activities amounted to 13 million baht. Liquidity Ratio As of 31 December 2021, liquidity ratio of THANI and its subsidiaries amounted to 1.01 times. In this connection, total current assets amounted to 18,966 million baht while total current liabilities amounted to 18,778 million baht. Total current assets were 188 million baht more than total current liabilities. However, THANI and its subsidiary were still quite flexible in their short-term financial position, mainly due to the fact that most current liabilities included not only short-term loans in the form of Bills of Exchange (B/E) and Promissory Notes (P/N) from financial institutions,
RkJQdWJsaXNoZXIy ODEyMzQ3