3 b) Total assets and net operating income of the subsidiaries that have significant impact to and are included in the consolidated financial statements as at 31 December 2021 and 2020 and for the years then ended, after eliminating significant intercompany transactions, are as follows: (Unit: Million Baht) Total assets Net operating revenues for the years 2021 2020 2021 2020 Thanachart Securities Plc. 8,679 6,852 1,692 1,333 Thanachart Insurance Plc. 14,866 14,855 2,332 2,286 MBK Life Assurance Plc. 6,350 6,883 278 (149) Ratchthani Leasing Plc. 48,646 47,998 2,927 2,940 c) The Company is deemed to have control over an investee or subsidiaries if it has rights, or is exposed, to variable returns from its involvement with the investee, and it has the ability to direct the activities that affect the amount of its returns. d) All subsidiaries are fully consolidated, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. e) The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using the same significant accounting policies. In case where there are different accounting policies, the Company has adjusted the effect of these in the consolidated financial statements. f) The outstanding balances and significant intercompany transactions between the Company and its subsidiaries have been eliminated from the consolidated financial statements. The investments in subsidiaries as recorded in the Company’s and subsidiaries’ books of accounts have been eliminated against equity of the subsidiaries. h) Non-controlling interests represent the portion of profit or loss and net assets of the subsidiaries that are not held by the Company and are presented separately in the consolidated statement of comprehensive income and within equity in the consolidated statement of financial position. 2.3 The separate financial statements present investments in subsidiary and associated companies under the equity method. 219 แบบ 56-1 One Report / รายงานประจ� ำปี 2564 บริษัท ทุนธนชาต จ� ำกัด (มหาชน)
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