13   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
Universal and Commercial Banking System
for the periods indicated
in billion pesos
	Selected Accounts				UNIVERSAL AND COMMERCIAL BANKS
					Mar-06	Jun-06	Sep-06	Dec-06
	OPERATING INCOME				53.613	98.645	151.033	210.993
	Net Interest Income				30.996	64.359	96.308	130.191
		Interest Income			60.600	123.622	186.853	253.182
		Less: Interest Expense			29.605	59.263	90.545	122.991
	Non-Interest Income				22.617	34.286	54.725	80.802
		Fee-based Income			5.866	11.862	17.793	24.700
		Trading Income/(Loss)			13.572	14.742	25.740	38.956
		Trust Department Income			1.214	2.614	3.472	4.255
		Other Income/(Loss)			1.965	5.067	7.720	12.890
	OPERATING EXPENSES				37.886	71.685	107.947	158.076
		Bad Debts Written Off			0.002	0.005	0.022	0.033
		Provisions			5.858	8.813	14.155	24.355
		Other Operating Expenses			32.027	62.867	93.770	133.688
		Overhead Costs			20.628	40.765	60.300	85.836
		Other Expenses			11.399	22.102	33.470	47.852
		NET OPERATING INCOME (LOSS)			15.727	26.960	43.087	52.916
		EXTRAORDINARY CREDITS/(CHARGES)			2.649	5.367	7.612	10.433
		NET INCOME/(LOSS) BEFORE TAX			18.376	32.328	50.699	63.349
		Provision for Income Tax			3.017	5.832	9.251	9.113
		NET INCOME/(LOSS) AFTER TAX			15.359	26.496	41.448	54.236
Note: Details may not add up to totals due to rounding-off
Source : Supervisory Data Center, Supervision and Examination Sector
Updated as of 10 September 2007