2005 - Asianbanks.net

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(Unit : Million Baht) The Bank only Counting from 31 December 2004 Descriptions At Within Within More than No call 6 month 1 year 1 year maturity Total Financial Assets Cash 10,212 - - - - 10,212 Interbank and money market items 2,002 197 - - - 2,199 Securities purchased under resale agreements - 17,600 - - - 17,600 Investments - - 18,011 58,136 13,657 89,804 Loans 17,338 98,397 10,145 207,856 - 333,736 Financial Liabilities Deposits 141,813 139,295 37,145 67,217 - 385,470 Interbank and money market items 13,903 10,597 - - - 24,500 Securities sold under repurchase agreements - 18,000 - - - 18,000 Liability payable on demand 1,029 - - - - 1,029 Borrowings - 50 - 57 - 107 31.4 Fair value Fair value represents the amount for which an asset could be exchanged or a liability settled between knowledgeable and willing parties in an arm’s length transaction. The Bank has estimated the fair value of financial instruments as follows :- (a) (b) Financial assets Determination of the fair value is dependent upon the characteristics of the financial instruments. The fair values of most financial assets, including cash, interbank and money market items, securities purchased under resale agreements, and loans, are presented at the amount stated in the balance sheets. The fair value of these financial assets is approximated at their respective carrying values since the values of such financial instruments are predominantly subject to market interest rates. Financial instruments with standard terms and conditions which are traded on an active and liquid market, such as investments, have their fair values determined by the quoted market prices. Financial liabilities The fair values of financial liabilities, including borrowings and deposits, interbank and money market items, securities sold under repurchase agreements, and liabilities payable on demand are considered to approximate their respective carrying values for the same reasons as determined for financial assets above. 154
As at 31 December 2005, the differences between the estimated fair value and book value of the Bank’s and it’s subsidiaries’ financial instruments are considered to be immaterial. However, the fair value of debt securities intended to be held to maturity are Baht 73,285 million (the Bank only : Baht 70,890 million). 31.5 Financial derivatives The Bank engages in financial derivative activities, as required in the normal course of business of the Bank, to meet its clients’ needs and to manage the risks of the Bank arising from fluctuations in foreign exchange rates and interest rates. As at 31 December 2005 and 2004, financial derivatives as classified by their maturities are as follows :- (Unit : Million Baht) Consolidated 31 December 2005 31 December 2004 Less than Over Less than Over 1 year 1 year Total 1 year 1 year Total Forward and spot contracts - Bought 5,794 66 5,860 8,575 - 8,575 - Sold 28,342 368 28,710 21,314 - 21,314 Cross currency and interest rate swap contracts - Bought 1,446 - 1,446 - - - - Sold 1,456 1,602 3,058 - 1,197 1,197 Interest rate swap contracts - Fixed rate payer - 5,728 5,728 - - - - Fixed rate payee - 7,028 7,028 - - - - Floating rate payer - 7,728 7,728 - - - - Floating rate payee - 6,428 6,428 - - - 155
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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
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No. Name Directors Executive Audit
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The Bank resolved to formulate the
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Type of Activities Good Corporate G
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Type of Activities Good Corporate G
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No. Activity 9 Discussion workshop
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Conflict of Interests The Board of
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2. Ethical conduct toward customers
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meeting room to allow a free discus
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The Board of Directors’ Report Th
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Risk Management and Individual Risk
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Risk from Guarantees Bill of paymen
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General Information 1.1 Siam City B
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14. Siam Tire Cord Co., Ltd. 46/1 M
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The Board of Directorsû Responsibi
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Financial Statement BALANCE SHEETS
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BALANCE SHEETS (Continued) AS AT 31
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STATEMENTS OF EARNINGS (Continued)
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STATEMENTS OF CHANGES IN SHAREHOLDE
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STATEMENTS OF CASH FLOWS (Continued
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Significant intercompany balances a
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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 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: The Bank’s Liquidity Management C
Page 159 and 160: (a) (b) Set aside to a statutory re
Page 161 and 162: OFFICE / BRANCH TELEPHONE FAX E-MAI
Page 173 and 174: Major Correspondent Banks EUROPE DE
Page 175 and 176: ASIA MALAYSIA KUALA LUMPUR RHB BANK
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2005 - Asianbanks.net

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