89 From the risk above, the subsidiaries developed tools to assess risk based on the adequacy of the statistical data and actuarial assumptions for the calculation of risk indicators by evaluating the ratio of claims and operating expenses to ensure coverage of the core activities of product design and development and the setting of premium rates to ensure that premium cover benefits paid and claim, by assessing the maximum potential loss that could be incurred by the subsidiaries as a result of damage caused by catastrophe relate statistical data both inside and outside for estimate risk and by assessing the risks related to the adequacy of claims reserves. As a result of these risk monitoring activities, the subsidiaries monitor and report risk to the Board of Directors, executives and related departments, for acknowledgement or set up an appropriate process to responses the risks in a timely manner. 26. Other liabilities (Unit: Million Baht) Consolidated financial statements Separate financial statements 2021 2020 2021 2020 Other payables 391 765 16 508 Suspense cash received from accounts receivable 159 130 - - Income received in advance 11 13 - - Accrued interest expenses 220 243 82 82 Corporate income tax payable 447 743 - - Accrued personnel expenses 517 417 57 71 Accrued other expenses 453 438 9 13 Insurance premium received in advance 1,520 1,550 - - Due to reinsures 468 719 - - Lease liabilities 387 435 83 66 Others 465 371 35 35 Total other liabilities 5,038 5,824 282 775 27. Share capital/Treasury stocks During the year ended 31 December 2021, there is conversion of preferred shares of 150 shares to the Company’s common shares. Therefore, as at 31 December 2021, 13,006 preferred shares remained unconverted. Each preferred share can convert to 1 common share. The conversion right is unconditional and does not expire. 305 แบบ 56-1 One Report / รายงานประจ� ำปี 2564 บริษัท ทุนธนชาต จ� ำกัด (มหาชน)
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