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| 36
CONSOLIDATED STATEMENT OF INCOME AND EXPENSES |
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Rural and Cooperative Banking System |
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for the periods indicated |
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in billion pesos |
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| Selected Accounts |
RURAL
BANKS |
| 2001 |
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2002 |
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| 1st |
2nd |
3rd |
4th |
|
1st |
2nd |
3rd |
4th |
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| Quarter |
Quarter |
Quarter |
Quarter |
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Quarter |
Quarter |
Quarter |
Quarter |
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OPERATING INCOME |
1.455 |
2.936 |
4.533 |
6.371 |
|
1.540 |
3.251 |
5.105 |
7.091 |
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Net Interest Income |
0.949 |
1.897 |
2.937 |
4.145 |
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1.009 |
2.112 |
3.318 |
4.713 |
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Interest Income |
1.939 |
3.908 |
5.970 |
8.250 |
|
2.001 |
4.119 |
6.307 |
8.682 |
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Less: Interest Expense |
0.990 |
2.011 |
3.033 |
4.105 |
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0.992 |
2.007 |
2.989 |
3.969 |
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Non-Interest Income |
0.506 |
1.039 |
1.596 |
2.226 |
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0.531 |
1.139 |
1.787 |
2.378 |
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Fee-based Income |
0.357 |
0.740 |
1.148 |
1.543 |
|
0.388 |
0.828 |
1.269 |
1.704 |
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Trading Income/(Loss) |
0.015 |
0.030 |
0.034 |
0.043 |
|
0.007 |
0.017 |
0.031 |
0.037 |
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Trust Department Income |
0.000 |
0.000 |
0.000 |
0.000 |
|
0.000 |
0.000 |
0.000 |
0.000 |
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Other Income/(Loss) |
0.134 |
0.269 |
0.414 |
0.640 |
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0.136 |
0.294 |
0.487 |
0.637 |
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OPERATING EXPENSES |
1.206 |
2.519 |
3.863 |
5.561 |
|
1.321 |
2.801 |
4.350 |
6.287 |
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Bad Debts Written Off |
0.004 |
0.007 |
0.020 |
0.034 |
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0.003 |
0.006 |
0.055 |
0.044 |
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Provisions for Probable Losses |
0.023 |
0.049 |
0.083 |
0.096 |
|
0.027 |
0.071 |
0.139 |
0.161 |
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Other Operating
Expenses |
1.179 |
2.463 |
3.760 |
5.431 |
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1.291 |
2.724 |
4.156 |
6.082 |
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Overhead Costs |
0.796 |
1.681 |
2.569 |
3.695 |
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0.871 |
1.836 |
2.814 |
4.129 |
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Other Expenses |
0.383 |
0.782 |
1.191 |
1.736 |
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0.420 |
0.888 |
1.342 |
1.953 |
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NET OPERATING INCOME/(LOSS) |
0.249 |
0.417 |
0.670 |
0.810 |
|
0.219 |
0.450 |
0.755 |
0.804 |
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Extraordinary Credits/(Charges) |
EXTRAORDINARY CREDITS/(CHARGES) |
0.052 |
0.136 |
0.225 |
0.342 |
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0.090 |
0.177 |
0.269 |
0.407 |
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NET INCOME/(LOSS) BEFORE TAX |
0.301 |
0.553 |
0.895 |
1.152 |
|
0.309 |
0.627 |
1.024 |
1.211 |
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Provision for Income Tax |
0.034 |
0.075 |
0.121 |
0.176 |
|
0.041 |
0.085 |
0.134 |
0.200 |
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NET INCOME/(LOSS) AFTER TAX |
0.267 |
0.478 |
0.774 |
0.976 |
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0.268 |
0.542 |
0.890 |
1.011 |
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Return on Assets (%) |
1.6 |
1.5 |
1.5 |
1.5 |
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1.5 |
1.5 |
1.6 |
1.4 |
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Return on Equity (%) |
9.5 |
9.2 |
9.0 |
9.2 |
|
9.0 |
9.6 |
9.5 |
8.7 |
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| Note: Details
may not add up to totals due to rounding-off |
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| Source :
Supervisory Reports & Studies Office, Supervision and Examination Sector |
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| Updated as of
12 March 2004 |
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