36 CONSOLIDATED FINANCIAL STATEMENTS  
Cooperative Banks
as of end of periods indicated
in billion pesos
 
Selected Accounts COOPERATIVE BANKS
  March 2005 June 2005 September 2005 December 2005
CONSOLIDATED STATEMENT OF INCOME AND EXPENSE
TOTAL OPERATING INCOME                   0.185                   0.382                    0.603                    0.810
NET INTEREST INCOME                   0.095                   0.191                    0.311                    0.425
   INTEREST INCOME                   0.204                   0.416                    0.638                    0.853
   INTEREST EXPENSE                   0.110                   0.224                    0.327                    0.428
NON-INTEREST INCOME                   0.091                   0.191                    0.293                    0.385
   FEE BASED INCOME                   0.066                   0.138                    0.209                    0.265
   TRADING INCOME                   0.000                   0.000                    0.000                    0.008
   TRUST DEPARTMENT INCOME 0.000 0.000 0.000 0.000
   OTHER INCOME                   0.025                   0.053                    0.083                    0.112
TOTAL OPERATING EXPENSES                   0.147                   0.304                    0.470                    0.651
   BAD DEBTS WRITTEN OFF                   0.000                   0.001                    0.001                    0.001
   PROVISIONS FOR PROBABLE LOSSES                   0.005                   0.012                    0.021                    0.031
   OTHER OPERATING EXPENSES                   0.142                   0.292                    0.448                    0.619
      Overhead costs                   0.099                   0.200                    0.310                    0.423
      Other expenses                   0.043                   0.091                    0.138                    0.195
NET OPERATING INCOME / (LOSS)                   0.038                   0.078                    0.133                    0.159
EXTRAORDINARY CREDITS / (CHARGES)                   0.007                   0.017                    0.025                    0.030
NET INCOME/(LOSS) BEFORE TAX                   0.045                   0.095                    0.158                    0.189
PROVISIONS FOR INCOME TAX                   0.000                   0.000                    0.000                    0.000
NET INCOME/(LOSS) AFTER TAX                   0.045                   0.094                    0.157                    0.188
 
Note: Presented data are based on financial statements periodically submitted by banks in accordance with existing regulations.
Said submissions are processed and aggregated to derive industry results.  For unsubmitted and/or defective bank reports
for the period, the most recent processed report available is used as proxy in the generation of said industry aggregates.
Details may not add up to totals due to rounding.
Source: Supervisory Data Center, Supervision and Examination Sector