TMB Synergy and Financial Projections
Purchase price allocation (PPA)
+ Positive impact to TBANK fair value
- Negative impact to TBANK fair value
THB billions
SCIB
Goodwill
6*
18
141
7
(9)
(1)
144
24'
**
Goodwill
Intangible
168
TBANK book value
(Post-Restructuring on 3 Dec)
Fair value uplift
of TFUND
Incremental
in Fair value
of HP
portfolio
Fair value
adjustment of
BA
Deferred tax
Preliminary fair
value of net
assets
Goodwill &
intangible assets
Predetermined
purchase price
TMB
Make THE Difference
In accordance with accounting standards (TFRS3 Business Combination), Purchase Price Allocation (PPA) is conducted to allocate the purchase price on an acquisition date to
fair value of TBANK's identified assets and liabilities. The remaining result is Intangible Assets and Goodwill.
.
Identified intangible assets is amortized and treated as expenses in P/L (Consolidation)
.
Goodwill is not amortized as expense but subject to annual impairment test
Intangible assets is being assessed and is subject to Deferred Tax Liabilities. Intangible assets and deferred tax will be finalized in the audited financial statements (20 Feb 20)
*
TFUND's sale transaction was completed on 27 December 2019. (TBANK sold 25.1%, out of 75% interest that it held)
** Unaudited numbers
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