48 12.2 Share of profit from investments in subsidiaries During the years ended 31 December 2021 and 2020, the Company recognised share of profit (loss) from investments in subsidiaries for the separate financial statements as follows: (Unit: Million Baht) Separate financial statements For the years ended 31 December Subsidiaries Share of profit (loss) Share of other comprehensive income (loss) Dividend received 2021 2020 2021 2020 2021 2020 NFS Asset Management Co., Ltd. 85 (26) (2) (63) - - Thanachart SPV 1 Co., Ltd. 1,333 1,034 1 - 508 315 MBK Life Assurance Plc. 176 (221) (46) (66) - - TM Broker Co., Ltd. 1 1 1 1 - - MT Service 2016 Co., Ltd. - (1) 1 1 - - Thanachart Plus Co., Ltd. 18 - - - - - TS Asset Management Co., Ltd. 44 24 - - 24 146 Thanachart SPV 2 Co., Ltd. 46 3,159 (2) (145) 27 2,707 NASSET Property Fund 6 2 26 - - - - Max Asset Management Co., Ltd. 27 5 - 1 - - Thanachart Securities Plc. 344 244 6 1 398 122 Thanachart Insurance Plc. 391 380 (55) (107) 455 75 Ratchthani Leasing Plc. 64 39 1 - 34 8 Total 2,531 4,664 (95) (377) 1,446 3,373 12.3 Details of investments in subsidiaries that have material non-controlling interests (Unit: Million Baht) Company’s name Proportion of equity interest held by non-controlling interests Accumulated balance of non-controlling interests Profit (loss) allocated to non-controlling interests during the years Other comprehensive income (loss) allocated to non-controlling interests during the years Dividend paid to non-controlling interests during the years 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 (%) (%) Thanachart Securities Plc. 49.04 49.04 1,782 1,835 324 235 5 1 382 118 Thanachart Insurance Plc. 49.04 49.04 2,696 2,809 376 366 (52) (103) 438 73 Ratchathani Leasing Plc. 39.84 41.14 4,328 4,232 630 743 1 2 392 261 264
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