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MR. SOMJATE MOOSIRILERT Member of the Executive Committee and Senior Executive Vice President
MS. SUVARNAPHA SUVARNAPRATHIP Vice Chairperson of the Executive Committee
MR. SUPHADEJ POONPIPAT Vice Chairman, Chairman of the Executive Committee and Chief Executive Officer
MR. BANTERNG TANTIVIT Chairman of the Board of Directors
THANACHART CAPITAL
BOARD OF DIRECTORS
MR. SOMKIAT SUKDHEVA Chairman of the Nomination Committee, Chairman of the Remuneration Committee, and Member of the Audit Committee
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MR. TAWEESAK SAKSIRILARP Member of the Executive Committee and Executive Vice President
MR. PHIMOL RATTAPAT Director
MRS. PUNTIP SURATHIN Member of the Audit Committee, Member of the Nomination Committee, and Member of the Remuneration Committee
MRS. SIRIPEN SITASUWAN Chairperson of the Audit Committee, Member of the Nomination Committee, and Member of the Remuneration Committee
Thai Economic Condition in 2010 and the Outlook for 2011*
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Th e Th a i Eco n o my i n 2 0 1 1 i s Forecasted to have Continuous Expansion at 3.5-4.5 percent with Increasing Inflationary Pressure. >c '%&&! i]Z I]V^ ZXdcdbn ^h [dgZXVhiZY id ZmeVcY Wn (#* id )#* eZgXZci jcYZg i]Z i]Z ^bedgiVci Vhhjbei^dc i]Vi
2009 Percent
2010
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2011 *
* Estimate
15.0 12.0 10.0
9.2 6.6
5.9 5.0
3.8
0.0
-2.8 -5.0
-5.2 -7.0
-10.0
1Q09
2Q09
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
Source: Office of the National Economic and Social Development Board
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2010
I]Z h^\c^[^XVci ZXdcdb^X X]Vc\Zh ^c '%&& l^aa ^cXajYZ eg^XZ VY_jhibZcih# I]Z Jc^iZY HiViZhÉ ZXdcdb^X gZXdkZgn VcY ZXdcdb^X hi^bjajh eVX`V\Zh l^aa XVjhZ eg^XZh d[ egdYjXih VcY hZgk^XZh ^c i]Z \adWVa bVg`Zi id g^hZ! ^c VYY^i^dc id kVg^djh di]Zg [VXidgh! hjX] Vh i]Z jcgZhi ^c i]Z B^YYaZ :Vhi l]^X] aZVYh id g^hZh ^c d^a eg^XZ# I]Z VkZgV\Z eg^XZ d[ i]Z 9jWV^ XgjYZ d^a ^h [dgZXVhiZY id WZ WZilZZc -*".* JH YdaaVgh eZg WVggZa l]^X] l^aa ZmXZZY &%% JH YdaaVgh eZg WVggZa ^c i]Z WZ\^cc^c\ VcY YZXa^cZ aViZg ^c i]Z nZVg# Di]Zg egdYjXi eg^XZh hjX] Vh \daY VcY V\g^XjaijgVa egdYjXih l^aa Vahd ^cXgZVhZ VcY ^i l^aa WZ Vcdi]Zg [^cZ nZVg [dg [Vgb ^cXdbZ# I]Z ^c[aVi^dc gViZ ^c I]V^aVcY l^aa ^cXgZVhZ YjZ id bVcn [VXidgh hjX] Vh i]Z ^cXgZVhZ ^c d^a VcY [ddY eg^XZh VcY i]Z lV\Z VcY hVaVgn VY_jhibZci# =ZcXZ! i]Z ^c[aVi^dc gViZ ^h [dgZXVhiZY id WZ Vi (#%")#% eZgXZci# >ciZgZhi gViZ ^c '%&& l^aa WZ ^c Vc ^cXgZVh^c\ igZcY VcY i]Z BE8 ^h a^`Zan id Xdch^YZg [djg bV^c [VXidgh! ^c dgYZg d[ ^bedgiVcXZ! l]^X] VgZ & GZVa YZedh^i ^ciZgZhi gViZ ^ciZgZhi gViZ V[iZg VY_jhiZY [dg ^c[aVi^dc lVh cZ\Vi^kZ [dg V adc\ eZg^dY ^c dgYZg id hi^bjaViZ i]Z ZXdcdbn# 6[iZg ZXdcdb^X gZXdkZgn! bdcZiVgn eda^Xn l^aa cZZY i]Z edh^i^kZ
2011*
gZVa ^ciZgZhi gViZ ^c dgYZg id Y^hXdjgV\Z XVgZaZhh Xdchjbei^dc VcY heZXjaVi^kZ ^ckZhibZci# 7n i]Z ZcY d[ '%&%! i]Z gZVa YZedh^i ^ciZgZhi gViZ hi^aa hiddY ^c V cZ\Vi^kZ [^\jgZ Vi "&#. eZgXZci# ' >c[aVi^dc gViZ ]Vh ^cXgZVhZY! Vai]dj\] cdi nZi Vi VaVgb^c\ gViZ# ( Di]Zg Xdjcig^Zh ]VkZ Wgdj\]i je i]Z^g ^ciZgZhi gViZh! dcZ V[iZg i]Z di]Zg! [dg ^c[aVi^dc egZkZci^dc VcY [dg VY_jhibZci id cdgbVaan edh^i^kZ ^ciZgZhi gViZ# >[ eda^Xn ^ciZgZhi gViZ YdZh cdi g^hZ! i]^h bVn aZVY id bdgZ ViigVXi^kZ ^ckZhibZcih ^c di]Zg Xdjcig^Zh Vh lZaa Vh XVjh^c\ V cZ\Vi^kZ ^bV\Z dc XZcigVa WVc` ^c cdi jcYZg\d^c\ V hig^Xi bZVhjgZ V\V^cih ^c[aVi^dc# ) I]Z ZXdcdbn ^h higdc\ Zcdj\] id WZVg i]Z WjgYZc d[ ]^\]Zg ^ciZgZhi# I]ZgZ[dgZ! ^c '%&&! i]Z [dgZXVhi hiViZh ]^\] edhh^W^a^in gZ\VgY^c\ i]Z ^cXgZVhZ d[ eda^Xn ^ciZgZhi gViZ id (#%"(#'* eZgXZci l]^X] bdcZiVgn eda^Xn igVchb^hh^dc ldjaY hadl Ydlc ^c[aVi^dc i]gdj\] hadlZg Xdchjbei^dc VcY ^ckZhibZci! VcY i]Z XjggZcXn VeegZX^Vi^dc# =ZcXZ! egdYjXZgh l^aa ]VkZ deedgijc^i^Zh id gV^hZ egdYjXi VcY hZgk^XZ eg^XZh l]^aZ! dc i]Z di]Zg ]VcY! i]Zn l^aa Xdc[gdci V Xdhi ^cXgZVhZ# =dlZkZg! Xdc[gdci^c\ Xdhi ^cXgZVhZ egZhhjgZ ^h WZiiZg i]Vc i]Z aVX` d[ YZbVcY [dg egdYjXih VcY hZgk^XZh Vh ZmeZg^ZcXZY Yjg^c\ i]Z \adWVa ZXdcdb^X gZXZhh^dc#
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'&
Percent
Inflation Rate and Policy Interest Rate
Percent
5.0
2.5
4.0
2.0
3.0
1.5
2.0
1.0
1.0
0.5
0.0
0.0
-1.0
-0.5
-2.0
-1.0
-3.0
-1.5 -2.0
-4.0
1Q09
2Q09
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
Source: The Bank of Thailand and Ministry of Commerce
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Charecteristics of Products and Service I;JC9 ejih ^bedgiVcXZ VcY Zbe]Vh^h dc V \gZVi gVc\Z d[ gZiV^a bjijVa [jcYh bVg`Zi^c\ higViZ\^Zh!^c dgYZg id [jaan XdkZgh Vaa cZZYh d[ ^ckZhidgh ^c ZkZgn \gdje VcY aZkZa# I]Z XdbeVcn ji^a^oZY bVcn ineZh d[ Y^hig^Wji^dc X]VccZah [dg hVaZ! ^cXajY^c\ V Y^gZXi hVaZ# I]Z ZbeadnZZh VgZ fjVa^[^ZY Wn aVlh VcY VgZ hig^Xian Zc[dgXZY id VY]ZgZ id gZaViZY aVlh VcY gZ\jaVi^dch# ;dg \gZViZg XdckZc^ZcXZ! I;JC9 ]Vh WZZc d[[Zg^c\ jc^i igjhih hVaZ i]gdj\] I76C@Ă&#x2030;h VcY H8>7Ă&#x2030;h WgVcX] cZildg`h h^cXZ b^Y"'%&% VcY hjeedgi^c\ jc^i igjhih hVaZ VcY gZejgX]Vh^c\ d[ di]Zg [^cVcX^Va ^chi^iji^dch VeegdkZY Wn i]Z H:8# ;jgi]ZgbdgZ! hZgk^XZ fjVa^in Xdci^cjZh id ^begdkZ [dg WZiiZg Z[[^X^ZcXn i]gdj\] ZaZXigdc^X X]VccZa# Competition and Market Outlook 6i i]Z ZcY d[ '%&%! i]ZgZ lZgZ V idiVa d[ '& [jcY bVcV\ZbZci XdbeVc^Zh! VXXdjciZY [dg V idiVa VhhZih jcYZg bVcV\ZbZci d[ &!,%)!%'&#'' b^aa^dc WV]i ZmXajY^c\ KVnjeV` ;jcY! [dgZ^\c ^ckZhibZci [jcYh! egdeZgin [jcY [dg gZhdak^c\ [^cVcX^Va ^chi^iji^dc egdWaZb VcY egdeZgin VcY adVc [jcY ! V &&#*' eZgXZci ^cXgZVhZ [gdb '%%.# 9jg^c\ '%&%! i]ZgZ lZgZ ,.& cZl ^hhjZY [jcYh! VXXdjciZY [dg ,+%!,%'#&. b^aa^dc WV]i d[ VhhZih# 6bdc\ i]Z cZlan ^hhjZY [jcYh! '(% lZgZ [dgZ^\c ^ckZhibZci [jcYh! Xdbeg^hZY d[ YZWi ^chigjbZcih l^i] bVijg^in cdi ZmXZZY^c\ & nZVg! l]^X] VXXdjciZY [dg (&'!+--#-, b^aa^dc WV]i cZi VhhZih dg )&#&& eZgXZci d[ VhhZih d[ i]Z cZlan ^hhjZY [jcYh Yjg^c\ '%&%#
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Corporate Governance
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TCAPâ&#x20AC;&#x2122;s Business Conducts According to Good Corporate Governance Principles in 2010 Include: 1.
Shareholdersâ&#x20AC;&#x2122; Rights and Equitable Treatment
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6CCJ6A G:EDGI '%&% I=6C68=6GI 86E>I6A EJ7A>8 8DBE6CN A>B>I:9
-&
Report of the Nomination Committee
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Report of the Remuneration Committee
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Supervision and Management Structures Thanachart Capital Public Company Limited
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Board of Directors and Executives Management of the Company The Board of Directors Mr. Banterng Tantivit Chairman (Non-Executive Director) 6\Z
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Mrs. Siripen Sitasuwan Chairperson of the Audit Committee, Member of the Nomination Committee, and Member of the Remuneration Committee (Independent Director) 6\Z
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Mr. Somkiat Sukdheva Chairman of the Nomination Committee, Chairman of the Remuneration Committee, and Member of the Audit Committee (Independent Director) 6\Z
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Report of Independent Auditor
To the Shareholders of Thanachart Capital Public Company Limited > ]VkZ VjY^iZY i]Z VXXdbeVcn^c\ Xdchda^YViZY WVaVcXZ h]ZZih d[ I]VcVX]Vgi 8Ve^iVa EjWa^X 8dbeVcn A^b^iZY VcY ^ih hjWh^Y^Vg^Zh Vh Vi (& 9ZXZbWZg '%&% VcY '%%.! i]Z gZaViZY Xdchda^YViZY hiViZbZcih d[ ^cXdbZ! X]Vc\Zh ^c h]VgZ]daYZghĂ&#x2030; Zfj^in VcY XVh] [adlh [dg i]Z nZVgh i]Zc ZcYZY! VcY i]Z hZeVgViZ [^cVcX^Va hiViZbZcih d[ I]VcVX]Vgi 8Ve^iVa EjWa^X 8dbeVcn A^b^iZY [dg i]Z hVbZ eZg^dYh# I]ZhZ [^cVcX^Va hiViZbZcih VgZ i]Z gZhedch^W^a^in d[ i]Z bVcV\ZbZci d[ i]Z 8dbeVcn Vh id i]Z^g XdggZXicZhh VcY i]Z XdbeaZiZcZhh d[ i]Z egZhZciVi^dc# Bn gZhedch^W^a^in ^h id ZmegZhh Vc de^c^dc dc i]ZhZ [^cVcX^Va hiViZbZcih WVhZY dc bn VjY^ih# > XdcYjXiZY bn VjY^ih ^c VXXdgYVcXZ l^i] \ZcZgVaan VXXZeiZY VjY^i^c\ hiVcYVgYh# I]dhZ hiVcYVgYh gZfj^gZ i]Vi > eaVc VcY eZg[dgb i]Z VjY^ih id dWiV^c gZVhdcVWaZ VhhjgVcXZ VWdji l]Zi]Zg i]Z [^cVcX^Va hiViZbZcih VgZ [gZZ d[ bViZg^Va b^hhiViZbZci# 6c VjY^i ^cXajYZh ZmVb^c^c\! dc V iZhi WVh^h! Zk^YZcXZ hjeedgi^c\ i]Z Vbdjcih VcY Y^hXadhjgZh ^c i]Z [^cVcX^Va hiViZbZcih# 6c VjY^i Vahd ^cXajYZh VhhZhh^c\ i]Z VXXdjci^c\ eg^cX^eaZh jhZY VcY h^\c^[^XVci Zhi^bViZh bVYZ Wn bVcV\ZbZci! Vh lZaa Vh ZkVajVi^c\ i]Z dkZgVaa [^cVcX^Va hiViZbZci egZhZciVi^dc# > WZa^ZkZ i]Vi bn VjY^ih egdk^YZ V gZVhdcVWaZ WVh^h [dg bn de^c^dc# >c bn de^c^dc! i]Z [^cVcX^Va hiViZbZcih gZ[ZggZY id VWdkZ egZhZci [V^gan! ^c Vaa bViZg^Va gZheZXih! i]Z [^cVcX^Va edh^i^dc d[ I]VcVX]Vgi 8Ve^iVa EjWa^X 8dbeVcn A^b^iZY VcY ^ih hjWh^Y^Vg^Zh VcY d[ I]VcVX]Vgi 8Ve^iVa EjWa^X 8dbeVcn A^b^iZY Vh Vi (& 9ZXZbWZg '%&% VcY '%%.! i]Z gZhjaih d[ i]Z^g deZgVi^dch VcY XVh] [adlh [dg i]Z nZVgh i]Zc ZcYZY! ^c VXXdgYVcXZ l^i] \ZcZgVaan VXXZeiZY VXXdjci^c\ eg^cX^eaZh# GViVcV ?VaV 8Zgi^[^ZY EjWa^X 6XXdjciVci I]V^aVcY Cd# (,() :gchi Ndjc\ D[[^XZ A^b^iZY 7Vc\`d`/ '& ;ZWgjVgn '%&&
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Balance Sheets
Thanachart Capital Public Company Limited and its subsidiaries Balance sheets As at 31 December 2010 and 2009 Jc^i/ 7V]i
Note
Consolidated
Separate
financial statements
financial statements
2010
2009
2010
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Related Party Transactions
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The Related Transactions between Thanachart Group 1. Companies in Thanachart Group and Relationship
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2. The related transactions between Thanachart Group Companies
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Thanachart Management and Services Company Limited Providing service staff. Thanachart Legal and Appraisal Company Limited Providing legal advice, contract, prosecution and enforcement, and collateral appraisal.
Thanachart Training and Development Company Limited Providing services on Thanachart groupâ&#x20AC;&#x2122;s employees training.
Transactions between Member Companies of Thanachart Group with Companies Related to Executives. 1. MBK Group Public Company Limited. (MBK Group)
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