59   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
Cooperative Banking System
for the periods indicated
in billion pesos
	Selected Accounts				COOPERATIVE BANKS
					Mar-06	Jun-06	Sep-06	Dec-06
	OPERATING INCOME				0.212	0.433	0.646	0.904
	Net Interest Income				0.115	0.233	0.343	0.488
		Interest Income			0.235	0.472	0.712	0.989
		Less: Interest Expense			0.120	0.240	0.370	0.501
	Non-Interest Income				0.097	0.201	0.303	0.416
		Fee-based Income			0.070	0.142	0.216	0.289
		Trading Income/(Loss)			0.000	0.000	0.000	0.000
		Trust Department Income			0.000	0.000	0.000	0.000
		Other Income/(Loss)			0.027	0.059	0.088	0.128
	OPERATING EXPENSES				0.162	0.340	0.516	0.726
		Bad Debts Written Off			0.000	0.000	0.001	0.002
		Provisions			0.006	0.014	0.023	0.034
		Other Operating Expenses			0.157	0.326	0.492	0.690
		Overhead Costs			0.108	0.218	0.332	0.461
		Other Expenses			0.049	0.108	0.160	0.230
		NET OPERATING INCOME (LOSS)			0.050	0.093	0.130	0.178
		EXTRAORDINARY CREDITS/(CHARGES)			0.006	0.009	0.019	0.022
		NET INCOME/(LOSS) BEFORE TAX			0.056	0.103	0.148	0.201
		Provision for Income Tax			0.000	0.001	0.002	0.003
		NET INCOME/(LOSS) AFTER TAX			0.056	0.101	0.146	0.198
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