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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

12.2 Debt securities that are measured at amortised cost

2023
Gross Expected
carrying value credit loss Carrying value
Thousand Thousand Thousand
Baht Baht Baht
Investments in debt securities which
credit risk has not significantly increased (Stage 1) 9,974,949 - 9,974,949
Investment in debt securities which
credit risk has significantly increased (Stage 2) - - -
Credit-impaired investments in debt
securities (Stage 3) - - -

Total 9,974,949 - 9,974,949

2022
Gross Expected
carrying value credit loss Carrying value
Thousand Thousand Thousand
Baht Baht Baht
Investments in debt securities which
credit risk has not significantly increased
(Stage 1) 10,282,579 - 10,282,579
Investment in debt securities which
credit risk has significantly increased (Stage 2) - - -
Credit-impaired investments in debt securities
(Stage 3) - - -

Total 10,282,579 - 10,282,579

13 Financial assets - Equity instruments

The details of financial assets - equity instruments as at 31 December 2023 and 2022 are as follows:

2023 2022
Fair value Fair value
Thousand Thousand
Baht Baht
Equity instruments designated at fair value through
other comprehensive income
Equity securities 180,978 180,978
Add Fair value adjustment (82,412) (100,410)

Total equity instruments designated at fair value through
other comprehensive income 98,566 80,568

Total financial assets - equity instruments 98,566 80,568

The Company measures all equity investments at fair value. In accordance with TFRS 9 Financial Instruments,
the Company has elected to present fair value gains and losses on equity instruments in OCI since equity
investments are not held for trading.

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