56-1 One Report / Annual Report 2021 Thanachart Capital Publ ic Company Limited 141 economic conditions as well as global economic situations are the factors that might affect both domestic and international investors confidence. Moreover, trading commissions are expected to fall consistently. Recognizing the aforementioned impacts, TNS has applied technology to the development of products including, among others, an app accessible by customers, through which TNS could inform them of various news such as marketing and sales promotion news, as well as stock trading apps, such as ThinkApp and Line, in order to adapt to changing consumer behavior. Moreover, TNS has developed new work systems as well as new services and products, aiming at not only increasing income and diversifying its income structure further but also increasing and improving the quality of its personnel, various news and services as well as implementing cost containment measures and making plans for optimum use of resources. The objective is to enable TNS to compete with other securities brokerage companies in the future. MBK Life Assurance Public Company Limited Performance Overview As of 31 December 2021, total assets of MBK LIFE amounted to 6,353 million baht, representing a decrease of 710 baht or 10.05 percent when compared to the end of 2020. Net profit of MBK LIFE in 2021 amounted to 111 million baht, compared with net loss of 383 million baht in 2020. The main factor contributing to the performance was net premium income which decreased by 64 million baht while underwriting expenses decreased by 575 million baht. The decrease in expenses was mainly due to net benefits paid under insurance policies and net insurance claims which decreased by 722 million baht while expected credit loss which was reversed as income amounted to 74 million baht. (Unit : Million Baht) Items For the Year 2021 2020 Assets 6,353 7,063 Liabilities 5,378 6,120 Shareholders’ Equity 975 943 Net Profit (Loss) 111 (383) Capital Adequacy Ratio (Percent) 419.37 359.58
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