2005 - Asianbanks.net

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On 17 January 2005, Max Life Assurance Co., Ltd., a subsidiary, transferred investments in listed equity securities and units trust held in the available-for-sale portfolio to the trading portfolio. Fair value and book value at the transfer date were amounting to approximately Baht 56 million and Baht 63 million, respectively. The difference between the fair value and book value was recorded in the statements of earnings. On 21 June 2005, Siam City Securities Co., Ltd., a subsidiary, transferred certain private sector debt securities held in the trading portfolio to the held-to-maturity portfolio. The fair value and book value at the transfer date amounted to approximately Baht 80 million. On 31 December 2005, Siam City Securities Co., Ltd., a subsidiary, transferred investments in listed equity securities held in the trading portfolio to the available-for-sale portfolio. The fair value and book value at the transfer date amounted to approximately Baht 44 million. During 2004, the Bank transferred long-term investments in government and state enterprise securities held as available-for-sale securities to held-to-maturity debt securities. As at the transfer date the costs of such investments amounted to Baht 27,391 million, the fair value amounted to Baht 28,426 million and a revaluation surplus on investment amounted to Baht 1,035 million, which was presented as a separate item in shareholders’ equity awaiting amortization over the remaining period to maturity of those debt securities. 7.2 Classified by the remaining period to maturity of the debt securities Investments in debt securities, except for those held for trading, can be classified by remaining periods to maturity as follows :- (Unit : Million Baht) Consolidated 31 December 2005 31 December 2004 Periods remaining Periods remaining 1 - 5 Over 1 - 5 Over 1 year years 5 years Total 1 year years 5 years Total Available-for-sale securities Government and state enterprises securities 6,392 9,716 - 16,108 25 13,710 - 13,735 Private sector debt securities 104 1,315 - 1,419 114 265 389 768 Overseas debt securities - 1,223 - 1,223 - - - - Total 6,496 12,254 - 18,750 139 13,975 389 14,503 Add (less) : Allowance for revaluation 30 (273) - (243) - 521 (20) 501 Available-for-sale-securities - net 6,526 11,981 - 18,507 139 14,496 369 15,004 Held-to-maturity debt securities Government and state enterprise securities 15,052 14,450 28,425 57,927 18,134 1,083 30,439 49,656 Private sector debt securities 1,669 8,761 389 10,819 378 7,925 1,025 9,328 Overseas debt securities 1,004 3,100 1,817 5,921 - - 1,734 1,734 Total held-to-maturity debt securities 17,725 26,311 30,631 74,667 18,512 9,008 33,198 60,718 Total debt securities 24,251 38,292 30,631 93,174 18,651 23,504 33,567 75,722 112
(Unit : Million Baht) The Bank only 31 December 2005 31 December 2004 Periods remaining Periods remaining 1 - 5 Over 1 - 5 Over 1 year years 5 years Total 1 year years 5 years Total Available-for-sales securities Government and state enterprises securities 6,318 9,716 - 16,034 5 13,710 - 13,715 Private sector debt securities 104 1,294 - 1,398 50 233 389 672 Overseas debt securities - 1,224 - 1,224 - - - - Total 6,422 12,234 - 18,656 55 13,943 389 14,387 Add (less) : Allowance for revaluation 30 (272) - (242) - 522 (20) 502 Available-for-sale-securities - net 6,452 11,962 - 18,414 55 14,465 369 14,889 Held-to-maturity securities Government and state enterprises securities 14,576 14,017 27,665 56,258 17,579 1,083 29,968 48,630 Private sector debt securities 1,520 8,254 197 9,971 377 7,445 873 8,695 Overseas debt securities 1,004 3,100 1,817 5,921 - - 1,734 1,734 Total held-to-maturity debt securities 17,100 25,371 29,679 72,150 17,956 8,528 32,575 59,059 Total debt securities 23,552 37,333 29,679 90,564 18,011 22,993 32,944 73,948 7.3 Investments subject to restrictions As at 31 December 2005 and 2004, the Bank and its subsidiaries have the following government and state enterprises securities (presented at face value) subject to restrictions :- (Unit : Million Baht) Consolidated The Bank only 31 December 31 December 31 December 31 December 2005 2004 2005 2004 Government and state enterprises securities Placed with court as bond for stay of execution 8 9 8 9 Placed as guarantee with the registrar 20 20 - - Placed as reserves for insurance 360 110 - - Pledged as collateral against interest rate swap contracts 495 274 - - Placed to secure extension of loans in local branches 4,679 5,000 4,679 5,000 Placed for securities sold under repurchase agreements 3,088 17,213 3,088 17,213 Total 8,650 22,626 7,775 22,222 113
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Contents Financial Highlights Messa
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Financial Highlights Operating Resu
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Dear Shareholders, In 2005, the wor
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Report of the Audit Committee The B
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Board of Directors Education • Ba
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Board of Directors Education • Ba
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Annual Report 2005 13
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Shareholders Board of Directors Aud
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Mr. Sutipong Ittipong Senior Execut
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Mrs. Jaree Wuthisanti Executive Vic
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Mr. Pravit Ongwatana Executive Vice
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Mr. Prachak Udomsilp Executive Vice
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Executive of the Departments Medium
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Operating Results Operating results
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Unit: Million Baht Business sectors
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As at 31 December 2005, investments
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Relationship between Sources and Us
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Relationship between Financial Cost
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Characteristics of Business Operati
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Reforestation Project on the Occasi
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Structure of Incomes (Consolidated)
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Place In addition to programs to mo
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Enhance capability of information t
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Structure of the Board of Directors
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2. Tenure 2.1 The term of the direc
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1) Knowledge and Ability (Average s
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11. Shall have the power to conside
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5. Others The Audit Committee shall
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7. Adjust and change organization s
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19. Mr. Rathian Srimongkol First Ex
Page 63 and 64: No. Name Directors Executive Audit
Page 65 and 66: The Bank resolved to formulate the
Page 67 and 68: Type of Activities Good Corporate G
Page 69 and 70: Type of Activities Good Corporate G
Page 71 and 72: No. Activity 9 Discussion workshop
Page 73 and 74: Conflict of Interests The Board of
Page 75 and 76: 2. Ethical conduct toward customers
Page 77 and 78: meeting room to allow a free discus
Page 79 and 80: The Board of Directors’ Report Th
Page 81 and 82: Risk Management and Individual Risk
Page 83 and 84: Risk from Guarantees Bill of paymen
Page 85 and 86: General Information 1.1 Siam City B
Page 87 and 88: 14. Siam Tire Cord Co., Ltd. 46/1 M
Page 89 and 90: The Board of Directorsû Responsibi
Page 91 and 92: Financial Statement BALANCE SHEETS
Page 93 and 94: BALANCE SHEETS (Continued) AS AT 31
Page 95 and 96: STATEMENTS OF EARNINGS (Continued)
Page 97 and 98: STATEMENTS OF CHANGES IN SHAREHOLDE
Page 99 and 100: STATEMENTS OF CASH FLOWS (Continued
Page 101 and 102: Significant intercompany balances a
Page 103 and 104: 3.4 Investment in subsidiaries and
Page 105 and 106: 3.11 Premises and equipment Buildin
Page 107 and 108: 4. TRANSFER OF BUSINESS FROM BANGKO
Page 109 and 110: (Unit : Million Baht) The Bank only
Page 111 and 112: (Unit : Million Baht) Consolidated
Page 113: (Unit : Million Baht) The Bank only
Page 117 and 118: 7.6 Investments in companies having
Page 119 and 120: 8. LOANS AND ACCRUED INTEREST RECEI
Page 121 and 122: 8.3 Classified by currency and resi
Page 125 and 126: 8.6 Non-performing loans As at 31 D
Page 129 and 130: 9. ALLOWANCE FOR DOUBTFUL DEBTS (Un
Page 131 and 132: 10. REVALUATION ALLOWANCE FOR DEBT
Page 135 and 136: 13. INTANGIBLE ASSETS (Unit : Milli
Page 137 and 138: 15.2 Classified by the remaining pe
Page 139 and 140: 17. SECURITIES SOLD UNDER REPURCHAS
Page 141 and 142: (Unit : Million Baht) The Bank Only
Page 151 and 152: Credit Review Department is respons
Page 153 and 154: The remaining periods from 31 Decem
Page 155 and 156: The Bank’s Liquidity Management C
Page 157 and 158: As at 31 December 2005, the differe
Page 159 and 160: (a) (b) Set aside to a statutory re
Page 161 and 162: OFFICE / BRANCH TELEPHONE FAX E-MAI
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OFFICE / BRANCH TELEPHONE FAX E-MAI
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Major Correspondent Banks EUROPE DE
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ASIA MALAYSIA KUALA LUMPUR RHB BANK
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2005 - Asianbanks.net

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