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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 |
TOTAL
RURAL AND COOPERATIVE BANKS |
| 2003 |
|
2004 |
|
| 1st |
2nd |
3rd |
4th |
|
1st |
2nd |
3rd |
4th |
|
| Quarter |
Quarter |
Quarter |
Quarter |
|
Quarter |
Quarter |
Quarter |
Quarter |
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OPERATING INCOME |
2.027 |
4.002 |
6.062 |
8.621 |
|
2.261 |
4.627 |
7.198 |
9.972 |
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Net Interest Income |
1.362 |
2.673 |
4.035 |
5.893 |
|
1.542 |
3.178 |
4.890 |
6.900 |
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Interest Income |
2.385 |
4.743 |
7.237 |
10.059 |
|
2.675 |
5.476 |
8.440 |
11.660 |
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|
Less: Interest Expense |
1.023 |
2.070 |
3.203 |
4.166 |
|
1.133 |
2.298 |
3.550 |
4.760 |
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Non-Interest Income |
0.665 |
1.329 |
2.027 |
2.728 |
|
0.718 |
1.449 |
2.308 |
3.072 |
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|
Fee-based Income |
0.488 |
0.995 |
1.507 |
2.045 |
|
0.520 |
1.055 |
1.687 |
2.221 |
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|
Trading Income/(Loss) |
0.007 |
0.013 |
0.019 |
0.035 |
|
0.008 |
0.015 |
0.023 |
0.031 |
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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) |
0.170 |
0.321 |
0.501 |
0.648 |
|
0.190 |
0.379 |
0.598 |
0.820 |
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OPERATING EXPENSES |
1.639 |
3.350 |
5.169 |
7.295 |
|
1.857 |
3.840 |
5.966 |
8.483 |
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Bad Debts Written Off |
0.006 |
0.005 |
0.019 |
0.055 |
|
0.009 |
0.019 |
0.033 |
0.071 |
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Provisions for Probable Losses |
0.038 |
0.092 |
0.158 |
0.176 |
|
0.052 |
0.123 |
0.223 |
0.270 |
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Other Operating
Expenses |
1.595 |
3.253 |
4.993 |
7.064 |
|
1.796 |
3.698 |
5.710 |
8.142 |
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Overhead
Costs |
1.087 |
2.198 |
3.360 |
4.702 |
|
1.188 |
2.455 |
3.813 |
5.394 |
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|
Other
Expenses |
0.508 |
1.055 |
1.633 |
2.362 |
|
0.608 |
1.244 |
1.897 |
2.748 |
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NET OPERATING INCOME / (LOSS) |
0.388 |
0.652 |
0.893 |
1.326 |
|
0.404 |
0.787 |
1.232 |
1.489 |
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Extraordinary Credits/(Charges) |
EXTRAORDINARY CREDITS/(CHARGES) |
0.065 |
0.142 |
0.248 |
0.413 |
|
0.128 |
0.256 |
0.407 |
0.501 |
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NET INCOME/(LOSS) BEFORE TAX |
0.453 |
0.794 |
1.140 |
1.739 |
|
0.532 |
1.042 |
1.639 |
1.989 |
|
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Provision for Income Tax |
0.042 |
0.103 |
0.178 |
0.244 |
|
0.054 |
0.113 |
0.198 |
0.297 |
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NET INCOME/(LOSS) AFTER TAX |
0.411 |
0.691 |
0.962 |
1.495 |
|
0.478 |
0.930 |
1.440 |
1.692 |
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Return on Assets (%) |
1.6 |
1.5 |
1.3 |
1.8 |
|
1.8 |
1.9 |
2.1 |
1.8 |
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Return on Equity (%) |
9.6 |
9.3 |
8.1 |
10.9 |
|
11.1 |
12.2 |
13.5 |
11.1 |
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| Note: Details
may not add up to totals due to rounding-off |
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| Source:
Supervisory Data Center, Supervision and Examination Sector |
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| Updated as of
29 December 2005 |
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