109
2.2.2
Bangkok Bank Public Company Limited Annual Report 2011
In 2010, the Federation of Accounting Professions had issued the Notification of Federation of Accounting Professions regarding Thai Financial Reporting Standards which had been announced in the Royal Gazette, but not yet effective in 2011 as follows : Thai Financial Reporting Standards
Thai Accounting Standards (TAS) TAS 12 Income Taxes TAS 20 Accounting for Government Grants and Disclosure of Government Assistance TAS 21 (Revised 2009) The Effects of Changes in Foreign Exchange Rate
Effective date
January 1, 2013 January 1, 2013 January 1, 2013
The Bank has considered the impact of the above financial reporting standards and determined that they will not have any material impact on the Bank’s financial statements, except for TAS 12 regarding Income Taxes, which is under the process of the assessment of impact it may have on the Bank’s financial statements. 2.2.3
In the first quarter of 2011, the Federation of Accounting Professions has issued the Notifications of Federation of Accounting Professions regarding Thai Financial Reporting Interpretations which have been announced in the Royal Gazette, as follows : Thai Financial Reporting Interpretations (TFRI) TFRI 10 Government Assistance - No Specific
Effective date January 1, 2013
TFRI 21
January 1, 2013
TFRI 25 TFRI 31
Relation to Operating Activities Income Taxes - Recovery of Revalued Non-Depreciable Assets Income Taxes - Changes in the Tax Status of an Entity or its Shareholders Revenue - Barter Transactions Involving Advertising Services
January 1, 2013 January 1, 2011
The Bank has considered the impact of the above financial reporting interpretations and determined that they will not have any material impact on the Bank’s financial statements. 2.3
The consolidated financial statements for the years ended December 31, 2011 and 2010, included the accounts of the head office and all branches of the Bank and its subsidiaries, which the accounts of subsidiaries had been derived from their audited financial statements by eliminating significant intercompany business transactions and outstanding balances. The subsidiaries consist of BBL (Cayman) Limited, Bangkok Bank Berhad, Sinnsuptawee Asset Management Company Limited, BBL Asset Management Company Limited, Bualuang Securities Public Company Limited and Bangkok Bank (China) Company Limited. In addition, the consolidated financial statements for the years ended December 31, 2011 and 2010, also included BBL Nominees (Tempatan) Sdn. Bhd, the 100% owned subsidiary of Bangkok Bank Berhad.