40   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
              Thrift Banking System
              for the periods indicated
              in billion pesos
Selected Accounts   TOTAL THRIFT BANKS  
 
 
Mar-06 Jun-06 Sep-06 Dec-06  
OPERATING INCOME 5.425 10.562 15.895 22.516
       Net Interest Income 3.612 7.496 11.585 16.162
          Interest Income 7.414 15.150 23.491 32.708
          Less: Interest Expense 3.802 7.653 11.906 16.546
 
       Non-Interest Income 1.813 3.066 4.310 6.354
         Fee-based Income 0.688 1.426 2.255 3.202
         Trading Income/(Loss) 0.887 1.155 1.408 1.774
         Trust Department Income 0.016 0.033 0.050 0.066
         Other Income/(Loss) 0.221 0.451 0.598 1.313
  OPERATING EXPENSES 5.209 10.261 15.850 22.584
    Bad Debts Written Off  0.487 0.000 0.045 0.094
    Provisions 0.222 1.182 1.519 2.417
    Other Operating Expenses 4.499 9.079 14.286 20.073
       Overhead Costs 2.910 5.789 9.265 12.763
       Other Expenses 1.589 3.289 5.021 7.310
 
    NET OPERATING INCOME (LOSS) 0.215 0.302 0.045 (0.068)
    EXTRAORDINARY CREDITS/(CHARGES) 0.143 0.565 0.762 1.368
    NET INCOME/(LOSS) BEFORE TAX 0.358 0.867 0.807 1.300  
      Provision for Income Tax 0.273 0.500 0.673 0.622
      NET INCOME/(LOSS) AFTER TAX 0.084 0.367 0.134 0.679
 
Note: Details may not add up to totals due to rounding-off  
Source : Supervisory Data Center, Supervision and Examination Sector
Updated as of 1April 2008