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Half Year Report. Balance Sheet & Income Statement of Securities Companies in Thailand (as of the end of June 2009). Source : SEC / SET. Table 1 : Market Indicators. * at the end of period. Table 2 : Aggregate Balance Sheet of Securities Companies. - PowerPoint PPT Presentation
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1
Balance Sheet & Income Statementof
Securities Companies in Thailand
(as of the end of June 2009)
Half Year Report
Source : SEC / SET
2
Table 1 : Market Indicators
2007 2008 2009
1st half 2nd half 1st half 2nd half 1st half
SET Index * 776.79 858.10 768.59 449.96 597.48
Market Cap.* (mil. baht) 5,992,570 6,674,338 6,095,900 3,590,376 4,773,404
Total Turnover (mil. baht) 1,623,283 2,565,575 2,364,964 1,554,971 1,799,980
Avg. Daily Trading Value(mil. baht)
13,456 20,669 19,468 12,441 15,194
No. of Listed Companies * 477 475 480 476 475
No. of Listed Securities * 582 581 592 580 581
No. of Securities Companies *
43 43 43 43 45
No. of SET’s Members * 39 39 39 39 39
No. of TFEX’s Members * 25 25 27 36 41
* at the end of period
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Table 2 : Aggregate Balance Sheet of Securities Companies
(unit : mil. baht) 2007 2008 2009
1st half 2nd half 1st half 2nd half 1st half
Asset 126,405 142,312 162,018 123,098 155,131
Liabilities 60,768 73,316 94,947 57,675 95,455
Equity 65,637 68,996 67,071 65,423 59,676
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Table 3 : Aggregate Income Statement of Securities Companies(unit : mil. baht) 2007 2008 2009
1st half 2nd half 1st half 2nd half 1st half
Brokerage - Securities 7,695 10,367 9,041 6,520 7,118
Brokerage - Derivatives 177 375 318 618 572
Underwriting 200 222 323 75 75
Financial Advisory 258 249 202 270 320
Gains on Trading - Securities 830 877 358 -80 80
Gains on Trading – Derivatives * 1,154 64 231 308 273
Interest and Dividend 1,418 782 903 1,038 716
Others 729 790 1,052 1,008 826
Total Revenue 12,461 13,726 12,428 9,758 9,981
Expenses on Borrowing 203 204 228 274 156
Fee & Service Expenses 675 716 752 746 682
Provision for Bad Debt / Doubtful Account -9 4 34 2,175 72
Personnel Expenses 4,764 5,049 4,565 4,267 4,895
Premises & Equipment 1,656 1,404 1,341 1,591 1,542
Other Expenses 1,178 1,103 964 1,403 1,136
Total Expenses 8,467 8,481 7,883 10,456 8,484
Net Profit 2,834 3,734 3,392 -1,102 972
Corporate Tax 1,160 1,511 1,153 404 525
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Figure 1 : Assets, Liabilities and Equity of Securities Companies
95,455
65,637 67,07159,676
155,132
123,099
162,018
142,312
126,405
57,67660,768
73,316
94,947
68,996 65,423
0
50,000
100,000
150,000
200,000
1st half 2007 2nd half 2007 1st half 2008 2nd half 2008 1st half 2009
Btm
.
Asset Liabilities Equity
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Figure 2 : Assets of Securities Companies
5,629 6,582
20,887 24,44821,007
13,0357,737
10,544
58,271
36,772
35,391
25,646
50,61836,32437,05539,54635,845
5,922 4,690
6,47224,228
20,7457,44910,159
43,907
35,079
9,418
16,970
12,534
14,593
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
1st half 2007 2nd half 2007 1st half 2008 2nd half 2008 1st half 2009
Btm
.
Cash L/T Deposits Investment in Debt & EquityInvestment in Subsidiary TCH Receivable Securities Business ReceivablePremises & Equipment Others
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Figure 3 : Assets Structure of Securities Companies
Premises & Equipment
1%
Others17%
TCH Receivable 7%
Investment in subsidiary
2%
Investment in Debt & Equity
13%
L/T Deposits4%
Cash33%
Securities Business
Receivable23%
Premises & Equipment
1%Others10%
Securities Business
Receivable37%
Cash23%
L/T Deposits4%
Investment in Debt & Equity
15%
Investment in subsidiary
2%
TCH Receivable 8%
1st half 2008
1st half 2009
Premises & Equipment
3% Others8%
TCH Receivable 6%
Investment in subsidiary
3%
Investment in Debt & Equity
17%
L/T Deposits4%
Cash29%Securities
Business Receivable
30%
2nd half 2008
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Figure 4 : Liabilities of Securities Companies
6,98111,206
32,759
53,014
31,143
16,818
23,084 27,073
4,209 5,559 7,643 3,876 4,6298,0027,646
8,672
55,751
40,390
15,011
18,694
0
20,000
40,000
60,000
80,000
100,000
1st half 2007 2nd half 2007 1st half 2008 2nd half 2008 1st half 2009
Btm
.
Borrowings TCH Payables Securities Business Payables Others
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Figure 5 : Liabilities Structure of Securities Companies
Others26%
Securities Business Payables
54%
TCH Payables13%
Borrowings7%
Borrowings8%
TCH Payables12%
Securities Business Payables
56%
Others24%
1st half 2008
2nd half 2008
Others28%
Securities Business Payables
59%
TCH Payables8%
Borrowings5%
1st half 2009
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Figure 6 : Revenue of Securities Companies
590
353
1,418 903
1,038716
1,052
1,008826
7,6917,139
9,35810,742
7,873
1,983
941
228
782790
729
1,000
3,000
5,000
7,000
9,000
11,000
13,000
15,000
1st half 2007 2nd half 2007 1st half 2008 2nd half 2008 1st half 2009
Btm
.
Brokerage Underwriting Financial Advisory Proprietary Trading Interest and Dividend Others
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Figure 7 : Revenue Structure of Securities Companies
Others8%
Interest and Dividend
7%
Brokerage - Securities
71%Brokerage - Derivatives
6%
Underwriting1%
Financial Advisory
3%
Proprietary Trading
4%
Others8%
Interest and Dividend
7%
Brokerage - Securities
72%Brokerage - Derivatives
3%
Underwriting3%
Financial Advisory
2%
Proprietary Trading
5%
1st half 2008
1st half 2009
Others10%
Interest and Dividend
11%
Brokerage - Securities
67%
Brokerage - Derivatives
6%
Underwriting1%
Financial Advisory
3%
Proprietary Trading
2%
2nd half 2008
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Figure 8 : Expenses of Securities Companies
675 716 752 746 682
4,764 5,049 4,565
4,267
4,895
1,656 1,4041,341
1,591
1,542
1,178 1,103964
1,403
1,136
2,175
0
2,000
4,000
6,000
8,000
10,000
12,000
1st half 2007 2nd half 2007 1st half 2008 2nd half 2008 1st half 2009
Btm
.
Expenses on Borrowing Fees & Services Expenses Provision for Bad Debt / Doubtful A/CPersonnel Expenses Premises & Equipment Others
13
Figure 9 : Expenses Structure of Securities Companies
Others13%
Expenses on Borrowing
3% Fees & Services Expenses
7%
Provision for Bad Debt
21%
Personnel Expenses
41%
Premises & Equipment
15%
Expenses on Borrowing
3% Fees & Services Expenses
10%
Personnel Expenses
57%
Premises & Equipment
17%
Others13%
1st half 2008
2nd half 2008
1st half 2009
Others13%
Expenses on Borrowing
2%Fees &
Services Expenses
8%
Provision for Bad Debt
1%
Personnel Expenses
58%
Premises & Equipment
18%
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Figure 10 : Net Profit and ROE of Securities Companies
2,834
3,734
3,392
-1,102
9724.32%
1.63%
-1.68%
5.06%5.41%
-2,000
-1,000
0
1,000
2,000
3,000
4,000
1st half 2007 2nd half 2007 1st half 2008 2nd half 2008 1st half 2009
Btm
.
-10%
-5%
0%
5%
10%
15%
20%
Net Profit ROE
