Bangkok Bank Public Company Limited Annual Report 2009
164
Million Baht CONSOLIDATED FINANCIAL STATEMENTS
COMMITMENTS Subsidiaries Bangkok Bank Berhad Sinnsuptawee Asset Management Co., Ltd. Bualuang Securities PCL. Associated companies BSL Leasing Co., Ltd. National ITMX Co., Ltd. Related restructured debtors Other related parties Total
SEPARATE FINANCIAL STATEMENTS
2009
2008
2009
2008
-
-
635 1 150
3
-
249 1 888 1,206 2,344
-
249 1 888 1,206 2,349
609 1,082 1,691
609 1,082 2,477
2
For the year ended December 31, 2009, the Bank charged interest at rates between 1.00% to 15.00% on loans to these related parties depending on the type of loans and collateral, with interest rates charged on restructured loans between 2.7376% to 13.25%, on money market loans between 1.32% to 3.88%, on default loans at 15.00% and on other loans between 1.00% to 11.50%. For the year ended December 31, 2008, the Bank charged interest at rates between 2.00% to 15.00% on loans to these related parties depending on the type of loans and collateral, with interest rates charged on restructured loans between 4.50% to 11.50%, on money market loans between 3.25% to 5.60%, on default loans at 15.00% and on other loans between 2.00% to 11.50%. The Bank follows the BOT guidelines in estimating the minimum allowance for doubtful accounts on loans to related parties as per loans to normal debtors. In the consolidated and the separate nancial statements, investments in subsidiaries and associated companies as at December 31, 2009 and 2008 are shown in Note 5.3.2. Signi cant accounting transactions between the Bank and subsidiaries, associated companies and other related parties were transacted under normal business practices. The prices, interest rates, commission charges, terms and conditions are determined on an arm’s length basis. Signi cant accounting transactions between the Bank and certain restructured debtors were transacted under special debt restructuring conditions.