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SET Group had operating expenses in 2012 of THB2,599 million, increasing 2.12% from 2011. This was mainly from
rises in total costs of SEC fees, which are linked to the trading value of equities. Technology expenses increased from launching of
SET’s new trading system on September 2012 (SET CONNECT, market data system and the market surveillance system). Marketing
expenses increased from SET in the City (in 2011, SET had almost no marketing activities due to widespread flooding). Fees and
compensation expenses rose due to consulting fees for SET’s Operations Master Plan, while depreciation and amortization decreased
mainly due to the revised useful life of assets, especially on hardware and software.
2. Analysis of financial position
(Unit: THB million) Dec 31, 2012 Dec 31, 2011
Increase/(decrease)
Amount %
Total assets 29,935 27,019 2,916 10.79
Total liabilities 10,451 9,151 1,300 14.21
Fund balances 19,484 17,868 1,616 9.04
Significant movements in assets, liabilities and funds of SET Group as at December 31, 2012 when compared with
balances as at December 31, 2011 were as follows:
2.1 Analysis of assets
As at December 31, 2012, total assets of SET Group amounted to THB29,935 million, an increase of THB2,916 million,
or 10.79%, in comparison with balance as at December 31, 2011. Details are as follows:
2.1.1 Cash and cash equivalents, cash at banks for financial benefits payable and investments were THB16,694 million
or 55.77% of total assets, up by THB1,547 million, or 10.21%. as follows:
(Unit: THB million) Dec 31, 2012 Dec 31, 2011
Increase/(decrease)
Amount %
Cash and cash equivalents 1,046 365 681 186.58
Cash at banks for financial benefits payable 58 - 58 N/A
Investment portfolio 15,590 14,782 808 5.47
Trading 1,438 1,235 203 16.44
Available-for-sale 3,356 4,003 (647) (16.16)
Held-to-maturity 10,694 9,452 1,242 13.14
General investments 102 92 10 10.87
Total 16,694 15,147 1,547 10.21
SET Group maintains the policy to invest in several types of investment, i.e., debt (fixed deposits, government bonds,
corporate debentures) and other instruments through mutual funds. In 2012, SET Group reduced the investment proportion
of Available-for-sale and increased that of Held-to-maturity in order to reduce overall risk of total investment portfolio.