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94 Annual Report 2012
Operating revenues from registrar services rose by THB28 million, or 4.17%, in comparison with 2011. This resulted from the
rise in number of listed securities and in the capital of listed companies.
1.2 Other income
(Unit: THB million) 2012 2011
Increase/(decrease)
Amount %
Other income 152 137 15 10.95
Educational activities income 32 41 (9) (21.95)
Revenues from marketing event 26 4 22 550.00
Revenues from fund management 20 14 6 42.86
Others 74 78 (4) (5.13)
Other income rose by THB15 million, or 10.95%, in comparison with 2011. This was mainly from a boost in revenues from
marketing events, such as SET in the City (in 2011, SET had almost no marketing activities due to widespread flooding). In addition,
revenues from fund management for margin deposits and clearing fund of the Thailand Clearing House Co., Ltd. increased, while
income from educational activities dropped because training and examination for licensing of securities professionals has been
transferred from the Thailand Securities Institute (TSI) to various professional associations. TSI will still be responsible for setting
standards of expertise for the capital market.
1.3 Investment income
(Unit: THB million) 2012 2011
Increase/(decrease)
Amount %
Investment income 982 752 230 30.59
Interest income 440 329 111 33.74
Dividend income 338 307 31 10.10
Realized gain from investments 181 125 56 44.80
Others 23 (9) 32 355.56
Investment income rose by THB230 million, or 30.59%, in comparison with 2011. This was mainly because investment
principal and market interest rates both rose. Dividend income and realized gain from investments went up as equity prices rose.
In addition, provision of investment in private equity has been reversed and unrealized gain from private fund went up.
1.4 Operating expenses
(Unit: THB million) 2012 2011
Increase/(decrease)
Amount %
Operating expenses 2,599 2,545 54 2.12
Employee benefit expenses 1,084 1,102 (18) (1.63)
SEC fees 334 301 33 10.96
Depreciation and amortization 185 195 (10) (5.13)
Technology expenses 149 137 12 8.76
Marketing expenses 134 104 30 28.85
Fees and compensation expenses 76 57 19 33.33
Other expenses 637 649 (12) (1.85)