Annual Report 2017

146 Annual Report 2017 The investment policy of private fund is reference to the TCH’s regulations in relation to deposits with financial institution and company’s investment policies. For the year ended 31 December 2017, the investments in private fund have return rates ranging from 1.53% - 1.68% per annum. 21. Deferred income taxes Statement of financial position shows the balance as follows: The gross movement of the deferred income tax account is as follows: Deferred tax asset: Deferred tax liabilities: Consolidated SET 2017 2016 2017 2016 As at 31 December Deferred tax assets 2,356 2,322 - - Deferred tax liabilities (85,135) (44,684) (83,807) (44,684) Deferred tax, net (82,779) (42,362) (83,807) (44,684) Consolidated SET 2017 2016 2017 2016 Opening balance 55,527 2,026 53,481 - Tax charged/(credited) to revenues over expenses 4,817 53,501 4,507 53,481 Tax charged/(credited) relation to components of other comprehensive revenues and expenses 29,445 - 29,445 - Closing balance 89,789 55,527 87,433 53,481 Consolidated SET 2017 2016 2017 2016 Opening balance 97,889 1,191 98,165 - Tax charged/(credited) to revenues over expenses 7,143 (684) 5,539 783 Tax charged/(credited) relation to components of other comprehensive revenues and expenses 67,536 97,382 67,536 97,382 Closing balance 172,568 97,889 171,240 98,165 Deferred tax asset (liabilities), net (82,779) (42,362) (83,807) (44,684) (Unit: Baht’000) (Unit: Baht’000) (Unit: Baht’000)