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Tokio Marine Safety Insurance (Thailand) Public Company Limited
Notes to the Financial Statements

Tokio Marine Safety Insurance (Thailand) Public Company Limited
For the year ended 31 December 2023
Notes to the Financial Statements
For the year ended 31 December 2023

2022
Carrying
Level 1 Level 2 Level 3 Total amount
Thousand Thousand Thousand Thousand Thousand
Baht Baht Baht Baht Baht
Debt instruments designated
at fair value through
other comprehensive income
Government and state enterprise
promissory notes - 504,621 - 504,621 504,621
Private enterprise debt securities - 8,114,547 - 8,114,547 8,114,547

Total - 8,619,168 - 8,619,168 8,619,168
Debt instruments designated
at fair value through profit or loss
Unit trust - 733,985 - 733,985 733,985
Total - 733,985 - 733,985 733,985

Equity instruments designated
at fair value through
other comprehensive income
Equity securities - - 80,568 80,568 80,568

Total - - 80,568 80,568 80,568
Debt instruments to be measured
at amortised cost
Government and state enterprise
promissory notes - 8,633,189 - 8,633,189 8,710,539
Deposit at financial institutions
with original maturing
more than 3 months - 1,568,900 - 1,568,900 1,568,900
Government Saving
Bank’s lottery tickets 3,140 - - 3,140 3,140
Total 3,140 10,202,089 - 10,205,229 10,282,579

Fair values are categorised into hierarchy based on inputs used as follows:

Level 1: The fair value of financial instruments is based on the last bid price by reference to the
Stock Exchange of Thailand.

Level 2: The fair value of financial instruments is determined using significant observable inputs and,
as little as possible, entity-specific estimates.

Level 3: The fair value of financial instruments is not based on observable market data.
Transfer between fair value hierarchy

There was no change in classification of the financial assets for the period ended 31 December 2023
and 2022.

There were no transfers between levels 1 and 2 and no changes in valuation techniques during the period.

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รายงานประจำาปี 2566 | ANNUAL REPORT 2023 | 147