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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 |
| 2003 |
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2004 |
|
| 1st |
2nd |
3rd |
4th |
|
1st |
2nd |
3rd |
4th |
|
| Quarter |
Quarter |
Quarter |
Quarter |
|
Quarter |
Quarter |
Quarter |
Quarter |
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OPERATING INCOME |
1.872 |
3.684 |
5.583 |
7.987 |
|
2.102 |
4.289 |
6.678 |
9.253 |
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Net Interest Income |
1.280 |
2.506 |
3.786 |
5.556 |
|
1.463 |
3.006 |
4.626 |
6.530 |
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Interest Income |
2.215 |
4.398 |
6.713 |
9.367 |
|
2.501 |
5.109 |
7.877 |
10.885 |
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Less: Interest Expense |
0.935 |
1.892 |
2.927 |
3.811 |
|
1.038 |
2.103 |
3.251 |
4.354 |
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Non-Interest Income |
0.592 |
1.178 |
1.798 |
2.430 |
|
0.639 |
1.283 |
2.051 |
2.723 |
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Fee-based Income |
0.431 |
0.877 |
1.326 |
1.814 |
|
0.461 |
0.931 |
1.495 |
1.964 |
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Trading Income/(Loss) |
0.007 |
0.012 |
0.019 |
0.034 |
|
0.008 |
0.015 |
0.022 |
0.028 |
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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) |
0.154 |
0.289 |
0.453 |
0.583 |
|
0.170 |
0.337 |
0.535 |
0.730 |
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OPERATING EXPENSES |
1.517 |
3.100 |
4.788 |
6.774 |
|
1.729 |
3.574 |
5.552 |
7.890 |
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Bad Debts Written Off |
0.005 |
0.005 |
0.018 |
0.054 |
|
0.009 |
0.018 |
0.032 |
0.068 |
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Provisions for Probable Losses |
0.036 |
0.085 |
0.148 |
0.161 |
|
0.047 |
0.111 |
0.205 |
0.241 |
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Other Operating
Expenses |
1.476 |
3.010 |
4.622 |
6.559 |
|
1.673 |
3.444 |
5.315 |
7.581 |
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Overhead
Costs |
1.003 |
2.026 |
3.099 |
4.352 |
|
1.101 |
2.276 |
3.537 |
5.008 |
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Other
Expenses |
0.473 |
0.984 |
1.523 |
2.207 |
|
0.572 |
1.169 |
1.778 |
2.573 |
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NET OPERATING INCOME/(LOSS) |
0.355 |
0.584 |
0.796 |
1.212 |
|
0.373 |
0.715 |
1.126 |
1.363 |
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Extraordinary Credits/(Charges) |
EXTRAORDINARY CREDITS/(CHARGES) |
0.061 |
0.134 |
0.237 |
0.397 |
|
0.124 |
0.248 |
0.395 |
0.484 |
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NET INCOME/(LOSS) BEFORE TAX |
0.416 |
0.718 |
1.033 |
1.610 |
|
0.498 |
0.964 |
1.521 |
1.847 |
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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 |
0.374 |
0.615 |
0.854 |
1.366 |
|
0.444 |
0.851 |
1.323 |
1.550 |
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Return on Assets (%) |
1.5 |
1.4 |
1.3 |
1.7 |
|
1.7 |
1.9 |
2.1 |
1.7 |
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Return on Equity (%) |
9.4 |
9.1 |
7.8 |
10.6 |
|
10.9 |
12.1 |
13.5 |
10.9 |
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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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