2005 - Asianbanks.net

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STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2005 AND 2004 SIAM CITY BANK PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES (Unit : Baht) Consolidated The Bank only 2005 2004 2005 2004 Cash flows from operating activities Net earnings for the years 6,264,987,488 6,367,050,654 6,264,987,488 6,367,050,654 Adjustments to reconcile net earnings for the years to net cash provided by (used in) operating activities :- Earnings attributable to minority shareholders 42,078 154,580 - - Shares of (profits) losses from investments accounted for under equity method (11,087,213) (4,673,004) 101,927,992 54,372,132 Depreciation and amortization 817,425,746 681,437,161 771,751,277 637,378,359 Bad debts and doubtful accounts 299,367,378 203,161,939 300,000,000 204,957,569 Present value losses from debt restructuring (reversal) (35,156,643) 280,646,491 (35,156,643) 280,646,491 Gains on disposals and write-offs of premises and equipment (6,828,210) (24,205,694) (7,269,155) (23,338,640) Gains on disposals of properties foreclosed (94,702,572) (152,933,353) (94,702,572) (152,933,353) Gains on disposals of leasehold right (8,252,336) - (8,252,336) - Losses on impairment of assets 545,096,939 - 540,498,663 - Gains on sale of investments (752,096,766) (946,837,348) (728,760,919) (949,175,141) Unrealized (gain) losses on revaluation of investments 10,750,635 116,524,227 (1,563,646) 110,774,399 Reversal of allowance for impairment losses of investments (46,574,003) (865,475,425) (46,574,003) (865,475,425) Unrealized losses on reclassification of invesment types 6,845,236 54,284,378 - 54,284,378 Unrealized (gains) losses on exchange (512,140,690) 154,460,512 (512,140,690) 154,460,512 Provision for contingent liabilities 171,701,820 72,914,051 171,701,820 72,914,051 Amortization of revaluation allowance for debt restructuring to be interest income (196,989,163) (187,475,753) (196,989,163) (187,475,753) Decrease in accrued interest and dividend receivables 99,057,401 1,397,689,638 102,474,841 1,417,504,039 Increase (decrease) in accrued interest expenses 401,892,693 (888,650,680) 401,986,376 (888,650,680) Increase (decrease) in accrued expenses (64,552,068) (5,588,944) (92,503,515) 10,501,288 Net earnings from operations before changes in operating assets and liabilities 6,888,787,750 6,252,483,430 6,931,415,815 6,297,794,880 (Increase) decrease in operating assets Interbank and money market items (13,954,773,853) 4,433,899,038 (12,785,489,873) 4,942,322,154 Securities purchased under resale agreements 8,800,000,000 (7,600,000,000) 8,800,000,000 (7,600,000,000) Short-term investments (3,144,485,373) 284,977,762 (3,026,214,943) 388,250,198 Loans 37,242,567,609 (13,041,998,602) 37,330,353,851 (13,055,105,097) Properties foreclosed 1,385,929,023 1,432,538,300 1,385,929,023 1,432,538,300 Differences as a result of assets transferred to “SAM” 312,564,632 (127,384,928) 312,564,632 (127,384,928) Other assets 532,985,454 2,492,821,016 530,213,207 2,358,405,599 The accompanying notes are an integral part of the financial statements. 96
STATEMENTS OF CASH FLOWS (Continued) FOR THE YEARS ENDED 31 DECEMBER 2005 AND 2004 SIAM CITY BANK PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES Consolidated The Bank only (Unit : Baht) 2005 2004 2005 2004 Increase (decrease) in operating liabilities Deposits (2,231,671,632) (22,221,925,885) (3,304,792,420) (21,392,453,927) Interbank and money market items (4,948,269,370) 8,171,967,669 (4,859,892,683) 8,271,967,669 Liability payable on demand (290,800,116) (305,171,053) (290,800,116) (305,171,053) Securities sold under repurchase agreements (15,000,000,000) 16,000,000,000 (15,000,000,000) 16,000,000,000 Short-term borrowings 50,000,000 50,000,000 50,000,000 50,000,000 Other liabilities 1,343,523,935 905,953,649 229,189,698 118,616,445 Net cash provided by (used in) operating activities 16,986,358,059 (3,271,839,604) 16,302,476,191 (2,620,219,760) Cash flows from investing activities (Increase) decrease in long-term investments (14,210,318,290) 11,870,086,469 (13,516,728,587) 12,825,074,126 Proceeds from disposals of premises and equipment 22,146,375 37,741,964 21,389,489 36,213,931 Cash paid for purchases of premises and equipment (771,073,911) (1,541,775,301) (702,476,993) (1,514,825,821) Cash paid for intangible asset (176,313,174) 5,723,000 (173,943,912) 5,723,000 Cash paid for investments in subsidiaries and associated companies - (1,851,892) (79,900,000) (1,598,752,562) Proceeds from sales of investments in associated companies - 3,000,000 - 3,000,000 Dividends received 7,280,000 - 7,280,000 - Net cash provided by (used in) investing activities (15,128,279,000) 10,372,924,240 (14,444,380,003) 9,756,432,674 Cash flows from financing activities Cash received from long-term borrowings 30,165,749 57,316,215 30,165,749 57,316,215 Dividends paid (2,957,934,946) (3,071,498,521) (2,957,934,946) (3,071,498,521) Cash paid for treasury stocks - (18,834,050) - - Proceeds from disposals of treasury stocks - 53,894,100 - - Net cash used in financing activities (2,927,769,197) (2,979,122,256) (2,927,769,197) (3,014,182,306) Net increase (decrease) in cash and cash equivalents (1,069,690,138) 4,121,962,380 (1,069,673,009) 4,122,030,608 Translation adjustments - (9,687,523) - (9,687,523) Cash and cash equivalents at beginning of the years 10,212,605,168 6,100,330,311 10,212,456,168 6,100,113,083 Cash and cash equivalents at end of the years 9,142,915,030 10,212,605,168 9,142,783,159 10,212,456,168 SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION Cash paid during the years for : Interest expenses 6,004,434,059 6,656,690,821 6,009,526,977 6,655,905,904 Corporate income tax 345,922,205 181,488,900 263,064,577 85,746,485 The accompanying notes are an integral part of the financial statements. 97
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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
Page 47 and 48: Enhance capability of information t
Page 49 and 50: Structure of the Board of Directors
Page 51 and 52: 2. Tenure 2.1 The term of the direc
Page 53 and 54: 1) Knowledge and Ability (Average s
Page 55 and 56: 11. Shall have the power to conside
Page 57 and 58: 5. Others The Audit Committee shall
Page 59 and 60: 7. Adjust and change organization s
Page 61 and 62: 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: STATEMENTS OF CHANGES IN SHAREHOLDE
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 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 145 and 146: (Unit : Million Baht) The Bank Only
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(Unit : Million Baht) The Bank Only
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Credit Review Department is respons
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The remaining periods from 31 Decem
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The Bank’s Liquidity Management C
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As at 31 December 2005, the differe
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(a) (b) Set aside to a statutory re
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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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