TMB Synergy and Financial Projections
Accounting implication and estimated impact to P&L
TMB
Make THE Difference
Estimated P&L Impact to TMB Over the Next 10 Years based on PPA Methodology
ESTIMATED
THB billions
Net impact
(2)
Estimated net impact in 1st year approx. 1 bn
+7
FV adjustment of
liability on BA
0
FV adjustment of
Assets on HP portfolio
- 9
(1)
Intangible asset
relates to TBANK'S
dealer relationship
At purchase date
Year0 Year1 Year2 Year3 Year4 Year5 Year6 Year7 Year8 Year9 Year10
Estimated P&L impact from PPA methodology over the next 10 years from assets acquisition based on following key items;
1) Fair value uplift of HP loans Comparing fixed rate HP loans with observable market rate at the acquisition date with
the remaining period of HP loans
2) Fair value adjustment from
BA deferred revenue
Fair value of service to be rendered from BA. (In the process of discussion on
Bancassurance partnership, this amortization will change according to the new contract)
* TFUND's sale transaction was completed on 27 December 2019. (TBANK sell 25.1%, out of 75% interest that it holds)
15View entire presentation