Maybank Kim Eng Securities Thailand Public : Financial Statement Q1-2022

Maybank Securities (Thailand) Public Company Limited

Review report and interim financial information For the three-month period ended 31 March 2022

Independent Auditor's Report on Review of Interim Financial Information

To the Shareholders of Maybank Securities (Thailand) Public Company Limited

I have reviewed the accompanying statement of financial position of Maybank Securities (Thailand) Public Company Limited as at 31 March 2022, and the related statements of comprehensive income, changes in shareholders' equity and cash flows for the three-month period then ended, as well as the condensed notes to the interim financial statements (collectively "interim financial information"). Management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard 34 Interim Financial Reporting. My responsibility is to express a conclusion on this interim financial information based on my review.

Scope of Review

I conducted my review in accordance with Thai Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Thai Standards on Auditing and consequently does not enable me to obtain assurance that I would become aware of all significant matters that might be identified in an audit. Accordingly, I do not express an audit opinion.

Conclusion

Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34 Interim Financial Reporting.

Ratana Jala

Certified Public Accountant (Thailand) No. 3734

EY Office Limited

Bangkok: 13 May 2022

(Unaudited but reviewed)

Maybank Securities (Thailand) Public Company Limited

Statement of changes in shareholders' equity

For the three-month period ended 31 March 2022

																						(Unit: Thousand Baht)
																						Other components of equity
																						Other comprehensive income
																						Gain from investment
														Retained earnings				in equity instruments
	Issued and								Premium on					Appropriated -								designated fair value through
	paid-up capital				Share premium				treasury shares					statutory reserve				Unappropriated				other comprehensive income			Total
Balance as at 1 January 2021	2,854,073	523,571	19,218	286,125	916,502	2,065	4,601,554
Profit for the period	-			-			-			-			276,734			-		276,734
Other comprehensive income for the period	-			-			-			-			-			-		-
Total comprehensive income for the period	-	-	-	-	276,734	-	276,734
Balance as at 31 March 2021	2,854,073	523,571	19,218	286,125	1,193,236	2,065	4,878,288
Balance as at 1 January 2022	2,854,073	523,571	19,218	286,125	1,128,453	2,171	4,813,611
Profit for the period	-			-			-			-			281,599			-		281,599
Other comprehensive income for the period	-			-			-			-			-			-		-
Total comprehensive income for the period	-	-	-	-	281,599	-	281,599
Balance as at 31 March 2022	2,854,073	523,571	19,218	286,125	1,410,052	2,171	5,095,210

The accompanying notes are an integral part of the financial statements.

(Unaudited but reviewed)

Maybank Securities (Thailand) Public Company Limited

Statement of comprehensive income

For the three-month period ended 31 March 2022

	(Unit: Thousand Baht, except earnings per share expressed in Baht)
		Note	2022	2021
Profit or loss:
Income
Brokerage fees income	8	567,694	686,323
Fees and service income	9	39,042	41,895
Interest income	10	183,099	144,593
Gains and returns on financial instruments	11	126,288	58,915
Other income			22,839	16,560
Total income			938,962	948,286
Expenses
Employee benefit expenses			359,841	379,802
Fees and service expenses			51,254	63,809
Interest expenses			65,099	53,223
Expected credit losses (reversal)			(828)	1
Other expenses			111,561	105,127
Total expenses			586,927	601,962
Profit before income tax			352,035	346,324
Income tax	12	(70,436)	(69,590)
Profit for the period			281,599	276,734
Other comprehensive income:
Other comprehensive income for the period			-	-
Total comprehensive income for the period			281,599	276,734
Earnings per share
Basic earnings per share			0.49	0.48

The accompanying notes are an integral part of the financial statements.

(Unaudited but reviewed)

Maybank Securities (Thailand) Public Company Limited

Statement of changes in shareholders' equity

For the three-month period ended 31 March 2022

																						(Unit: Thousand Baht)
																						Other components of equity
																						Other comprehensive income
																						Gain from investment
														Retained earnings				in equity instruments
	Issued and								Premium on					Appropriated -								designated fair value through
	paid-up capital				Share premium				treasury shares					statutory reserve				Unappropriated				other comprehensive income			Total
Balance as at 1 January 2021	2,854,073	523,571	19,218	286,125	916,502	2,065	4,601,554
Profit for the period	-			-			-			-			276,734			-		276,734
Other comprehensive income for the period	-			-			-			-			-			-		-
Total comprehensive income for the period	-	-	-	-	276,734	-	276,734
Balance as at 31 March 2021	2,854,073	523,571	19,218	286,125	1,193,236	2,065	4,878,288
Balance as at 1 January 2022	2,854,073	523,571	19,218	286,125	1,128,453	2,171	4,813,611
Profit for the period	-			-			-			-			281,599			-		281,599
Other comprehensive income for the period	-			-			-			-			-			-		-
Total comprehensive income for the period	-	-	-	-	281,599	-	281,599
Balance as at 31 March 2022	2,854,073	523,571	19,218	286,125	1,410,052	2,171	5,095,210

The accompanying notes are an integral part of the financial statements.