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96 Annual Report 2012
2.1.2 Assets for margin deposits and benefits and assets for clearing system protection and benefits were THB8,358 million or
27.92% of total assets, up by THB934 million or 12.58%. This represents margin deposits and benefits of Thailand Clearing House
Co., Ltd, which rose as futures derivatives transactions went up.
2.1.3 Property and equipment and intangible assets were THB2,769 million, or 9.25% of total assets, up by THB128 million or
4.85%. This was mainly from the new trading system (SET CONNECT) launching in 2012 and construction of new office building.
2.2 Analysis of liabilities
As at December 31, 2012, total liabilities of SET Group amounted to THB10,451 million, up by THB1,300 million, or 14.21%,
in comparison with the balance as at December 31, 2011. Significant details are as follows:
2.2.1 Margin deposits and assets for clearing system protection and benefits payable were THB8,231 million, or 78.76% of
total liabilities, up by THB930 million, or 12.74%, due to the increase of futures derivatives transactions.
2.2.2 Accounts payable and accrued expenses were THB876 million, or 8.38% of total liabilities, up by THB183 million or
26.41%. This rise was mainly because contributions to The Stock Exchange of Thailand Foundation increased by THB95 million
from 2011 and accrued expenses of SEC fees went up by THB34 million.
2.2.3 Other current liabilities were THB670 million or 6.41% of total liabilities, up by THB164 million or 32.73%. This rise
was mainly from refunds for unallotted NVDRs of THB215 million, while donations to the Thai Stock Market and Capital Market
Academy Flood Relief Funds, which SET was the agent for, dropped by THB85 million (other current assets decreased by the same
amount).
2.3 Analysis of funds
As at December 31, 2012, total funds of SET Group amounted to THB19,484 million, up by THB1,616 million, or 9.04%, in
comparison with the balance as at December 31, 2011. This resulted from revenues over expenses for 2012 reaching THB1,362
million, while the market price of available-for-sale securities rose to THB248 million.
3. Analysis of liquidity
Cash flows of SET Group for the year ended December 31, 2012 and 2011 are summarized as:
(Unit: THB million) 2012 2011
Increase/(decrease)
Amount %
Cash flows from operating activities 621 512 109 21.29
Cash flows from investing activities 118 (651) 769 118.13
Cash and cash equivalents at the end of year 1,104 365 739 202.47
Cash and cash equivalents at December 31, 2012 amounted to THB1,104 million, up by THB739 million, or 202.47%.
The details of the sources and uses of funds are as follows:
• Net cash receipts from operating activities were THB621 million. This was from cash received from operating activities of
THB675 million and the change in working capital of THB54 million.
• Net cash receipts from investing activities were THB118 million. This was mainly from returns on investment increased.