44		BSP: STATEMENT OF INCOME AND EXPENSE
		in billion pesos
																				Jan-Nov
				1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010		2010		2011	u
							Dec
Revenues				43.97	46.99	65.07	51.65	67.52	62.17	40.84	48.62	51.22	45.60	74.73	93.81	95.04	104.36	113.57		106.70		113.04
Annual Growth Rate (%)				13.3	6.9	38.5	-20.6	30.7	-7.9	-34.3	19.0	5.4	-11.0	63.9	25.5	1.3	9.8	8.8		17.1		5.9
		Interest Income		39.82	40.25	59.27	47.04	63.53	57.58	37.23	43.00	38.85	40.91	50.70	63.59	68.23	59.38	43.45		39.55		41.94
		Miscellaneous Income		4.15	6.75	5.80	4.61	3.99	4.59	3.61	5.62	12.37	4.68	24.03	30.23	26.81	44.98	70.12		67.15		71.10
Expenses				35.72	66.77	61.80	61.61	69.41	59.45	45.05	46.28	47.06	48.27	52.00	67.05	86.28	81.39	82.48		74.64		107.07
Annual Growth Rate (%)				29.7	86.9	-7.4	-0.3	12.7	-14.3	-24.2	2.7	1.7	2.6	7.7	28.9	28.7	-5.7	1.3		0.9		43.4
		Interest Expenses		31.04	29.14	42.19	47.10	52.59	44.78	32.13	28.05	28.24	34.46	40.85	53.02	71.88	60.99	66.07		59.29		87.69
		Others		4.68	37.63	19.62	14.51	16.82	14.67	12.93	18.23	18.82	13.81	11.14	14.03	14.40	20.40	16.41		15.35		19.38
Net Income Before Gain/Loss (-)
on FXR Fluctuations and Provisions
for Income Tax and Capital Reserves				8.25	-19.78	3.27	-9.96	-1.89	2.72	-4.21	2.33	4.15	-2.67	22.73	26.77	8.76	22.97	31.08		32.06		5.97
Net Gain/Loss (-) on  FXR Fluctuations 1				-1.86	31.61	4.79	11.95	4.46	1.38	8.21	5.18	2.15	11.81	-18.94	-113.71	0.53	-9.67	-90.12		-80.31		-38.27
Provision for Income Taxes										0.40	0.91	1.06	1.11	0.01	0.00	0.36	0.17	0.00		0.00		0.00
Net Income/Loss(-)				6.39	11.83	8.06	1.99	2.57	4.10	3.60	6.60	5.25	8.03	3.79	-86.94	8.93	13.13	-59.04		-48.25		-32.29
Capital Reserves											3.10	3.10	3.23	0.00	0.00	0.00	0.00	0.00		0.00		0.00
Net Income/Loss(-) for Distribution				6.39	11.83	8.06	1.99	2.57	4.10	3.60	3.50	2.15	4.80	3.79	-86.94	8.93	13.13	-59.04		-48.25		-32.29
Note:	Breakdowns may not add up to totals due to rounding.
u	Unaudited
1	This represents realized gains or losses from fluctuations in FX rates arising from foreign currency-denominated transactions of the BSP, including: 1) rollover/re-investments of matured FX investments
	with foreign financial institutions and FX-denominated government securities; 2) servicing of matured FX obligations of the BSP; and 3) maturity of derivatives instruments.