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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

16 Deferred tax

The analysis of deferred tax assets and deferred tax liabilities is as follows:
2023 2022
Thousand Thousand
Baht Baht

Deferred tax assets:
Deferred tax assets to be settled within 12 months 982,030 889,487
Deferred tax assets to be settled after 12 months 855,434 795,882

1,837,464 1,685,369
Deferred tax liabilities:
Deferred tax liabilities to be settled within 12 months - -
Deferred tax liabilities to be settled after 12 months (21,987) (17,385)

(21,987) (17,385)

Deferred tax asset, net 1,815,477 1,667,984

Deferred taxes are calculated on all temporary differences under the liabilities method using a principal tax
rate of 20%.

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รายงานประจำาปี 2566 | ANNUAL REPORT 2023 | 159